Tax Relief with Timalyn Bowens

Episode 15:   In this episode, Timalyn discusses injured spouse tax relief: how do you know if you qualify, the difference between an "injured spouse" and  an"innocent spouse" .  She'll also provide information about the proper IRS form to use when filing for Injured Spouse Relief. Click this link to go back and listen to the previous episode on Innocent Spouse Tax Relief . What Qualifies You as a...

Episode 14:   In this episode, Timalyn explains how a spouse may do something, or neglect to do something which results in significant tax issues.  But what happens if you didn't know what your spouse was doing?  Today, Timalyn will discuss Innocent Spouse Tax Relief.  It's definitely worth the next few minutes to listen and learn. Note:  Tax Relief with Timalyn Bowens is now available on Apple Po...

Episode 13:   In this episode, Timalyn discusses retirement and taxes.  Those topics were a result of some interesting conversations she recently had with her mother.  The economy is turbulent and when combined with complicated tax laws, it can generate a lot of confusion.  Timalyn is going to provide some interesting tips and perspectives for your consideration.  Is Retirement Income Taxable? Tim...

Episode 12:   In this episode, Timalyn wraps up a 2-part series on getting rid of IRS penalties.  This episode focuses on how to remove IRS penalties for a reasonable cause. It might surprise you, but there's a process available, if you qualify.  So, do you?  Listen to this episode to find out. Note:  To listen to Part 1, check out Episode 11 for the discussion of IRS Penalties:  First Time Penalt...

Episode 11:   In this episode, Timalyn begins a 2-part series on IRS penalty forgiveness.  This episode focuses on first-time penalty abatement.  Episode 12 will be about how to remove IRS penalties with a reasonable cause.  Be sure to follow the podcast so in 2 weeks you don't miss that episode.  Today, Timalyn will discuss what first-time penalty abatement is, how you qualify for it and how you...

Episode 10:   In this episode, Timalyn discusses installment agreements related to your tax payments.  She'll explain how to set them up with the IRS when you can't pay your taxes in full.  Grab your pen and paper and let's get started. Interesting Facts Did you know, according to a recent study by Amplify Media, Apple podcasts features over 2 million podcasts?  However, 26% of those only have 1 e...

Episode 9:   In this episode, Timalyn discusses tax relief.  She'll discuss what it is and how you can get tax relief.  Most people don't get excited about taxes.  However, if you're listening to this podcast, you're probably trying to avoid tax issues or, unfortunately, you may have one or more right now.  Timalyn will explain how you can find relief from those issues. If you are new to this podc...

Episode 8:   In this episode, Timalyn answers a question she's heard many times, "What is self-employment tax?  For a small business owner, this tax can be an unwelcome surprise when they go to file their tax return.  It winds up hitting the business owner with a much larger tax liability than originally anticipated.  Let's join Timalyn for this episode to learn more. Self-Employment Tax and Divor...

Episode 7:   In this episode, Timalyn discusses the importance of your tax transcript.  If the IRS has begun sending you letters about unpaid taxes such as failure to file notices or intent to levy notices.  You need to act quickly.  Timalyn explains why the tax transcript is the best place to begin. What Is a Tax Transcript? When clients hire Timalyn to represent them in tax relief matters before...

Episode 6:   In this episode, Timalyn discusses how, as a business owner, you need to take 5 steps to avoid a tax nightmare.  Timalyn has seen many business owners actually go out of business because they either didn't know about or avoided important steps related to taxes.  Timalyn wants you to understand important tax issues, so you don't run into problems with the IRS. You Don't Know What You D...

Episode 5:   In this episode, Timalyn discusses one of the biggest fears taxpayers have.  It's when the IRS actually takes money out of your banking account or seizes other property.  In Episode 4, she discussed issues related to getting a tax lien removed .  This episode focuses on what happens if the tax lien is not successfully resolved. What Is a Tax Levy? A tax levy is a legal seizure of your...

Episode 4:   In this episode, Timalyn provides information for both the sellers and the buyers who are involved in a real estate transaction with a tax lien.  If there is a tax lien on the property, it could cause a significant delay in the sale, but there are options available to help avoid or minimize the delay.  Let's join Timalyn to learn more. Timalyn discusses what a tax lien is and how it c...

Episode 3:   In this episode, Timalyn explains IRS tax liens and what you need to know to either avoid them or to get them removed.  This is especially important if you are trying to sell a house with a tax lien.  She'll do her best to help you to avoid last minute closing delays.  This episode just might save the sale all together. What Is a Tax Lien? A tax lien is when the IRS notifies all credi...

Episode 2:   In this episode, Timalyn begins talking about what you should do if you've missed the tax filing deadline.  This issue is more common than people would think.  Okay, it happened.  Now what?  Let's listen to Timalyn, America's Favorite EA explain what you need to know and how to begin resolving this issue. The first action item is to breathe.  It's not the end of the world, but it's al...

Episode 1:   In this premiere episode, we discuss how Timalyn got her start in accounting, who she is, what she does and how she can help you with your tax issues.  Timalyn is America's Favorite EA.  She'll explain what an EA (Enrolled Agent) is and why this designation is important for people with IRS problems. Originally from Evansville, IN, Timalyn moved to Louisville, KY and attended Bellarmin...

Did you know as of 2019, 20.1 million people owe the IRS and can't pay.  Taxes may be ruining your life.  Timalyn Bowens is here to help.  As an Enrolled Agent ("EA") she's authorized to represent taxpayers before the the IRS and all 50 states. Listen to Episode 1, which launches on 4/08/22 to learn how she can help you. 

Timalyn Bowens is launching a new podcast on April 8, 2022.  Get ready for the Tax Relief with Timalyn Bowens Podcast!  Are you behind on taxes?  Is the IRS threatening you or your business?  Are you overwhelmed or confused about how to resolve your tax issues?  Let's join Timalyn as she explains your options and how she may be able to help.  Timalyn Bowens is America's Favorite EA.