Podcast thumbnail for Tax Problems Explained

Tax Problems Explained

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by taxproblems

9 episodes
Updated Daily
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Podcast Overview

<p><span style="font-weight:400;">*Tax Problems Explained* provides valuable insights from Lawrence Ullmann, blending his experience as an attorney, CPA, and former IRS agent to help individuals and businesses navigate tax challenges effectively.</span></p>

Language

🇺🇲

Publishing Since

3/25/2026

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Recent Episodes

Episode thumbnail for Navigating IRS Penalties: Reduction and Removal Strategies

July 15, 2026

Navigating IRS Penalties: Reduction and Removal Strategies

In this episode of Tax Problems Explained, host LeAnn Lyon sits down with Lawrence T. Ullmann, a seasoned tax professional with extensive experience inside the IRS and in private practice. They delve into the complexities of IRS penalties, focusing on when they may be reduced or removed. Lawrence outlines the most common penalties, such as failure to file and failure to pay, and explains the circumstances under which the IRS might consider abatement. The discussion covers first-time abatement, reasonable cause, and the importance of proper documentation. Lawrence also provides real-world examples of cases where penalties were successfully reduced, emphasizing the need for timely action and professional guidance. Listeners will gain valuable insights into navigating IRS penalty issues, understanding the factors that influence abatement decisions, and the steps necessary to potentially reduce penalties.

Episode thumbnail for What Happens When You Owe Back Taxes to the IRS

July 1, 2026

What Happens When You Owe Back Taxes to the IRS

In this episode of Tax Problems Explained, host LeAnn Lyon sits down with Lawrence Ullmann, a seasoned attorney with extensive IRS experience, to demystify the IRS collection process. Lawrence explains the progression from initial tax liability assessment to the various stages of IRS enforcement, including soft collections, CP letters, and potential asset seizures. He highlights the importance of communication with the IRS and discusses options like installment agreements, offers in compromise, and bankruptcy for resolving tax debts. Lawrence also shares real-life examples, such as a client facing passport restrictions due to unpaid taxes, and offers advice on avoiding scams. This episode is essential for anyone dealing with IRS tax issues, offering practical solutions and insights into managing and resolving tax liabilities effectively.

Episode thumbnail for Canceled Debt and Taxes: Why Forgiven Debt Can Become Taxable Income

June 17, 2026

Canceled Debt and Taxes: Why Forgiven Debt Can Become Taxable Income

In this episode of Tax Problems Explained, host LeAnn is joined by Lawrence Ullmann, a seasoned professional with extensive experience in the IRS and private practice. They delve into the complexities surrounding canceled debt and its potential tax implications. Lawrence explains why forgiven debt can still lead to a tax obligation, using real-world examples like credit card debt reduction and mortgage reformation. The discussion covers how the IRS defines canceled debt, the role of insolvency, and the importance of the 1099-C form. Lawrence emphasizes the need for professional guidance when dealing with canceled debt, especially in complex situations involving bankruptcy or insolvency. Listeners will gain valuable insights into how to manage canceled debt and avoid escalating tax problems.

9 total episodes available

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Frequently asked questions

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What is Tax Problems Explained?
<p><span style="font-weight:400;">*Tax Problems Explained* provides valuable insights from Lawrence Ullmann, blending his experience as an attorney, CPA, and former IRS agent to help individuals and businesses navigate tax challenges effectively.</span></p>
How often does this podcast release new episodes?

This podcast updates daily.

Where can I listen to this podcast?

This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.

Does this podcast accept guests?

Yes, this podcast regularly features guests.

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