Episode 17

Published on:

8th Dec 2022

How the IRS Calculates a Taxpayer’s “Ability to Pay”

How does the IRS calculate your ability to pay?

Your ability to pay is something you need to understand when you’re trying to resolve your IRS tax liability. 

Your ability to pay is one of two factors the IRS uses to determine how to resolve your case and it’s calculated based on your income and expenses. That might sound simple enough, but creating an accurate representation of your income and expenses can be a lot more complicated than it seems. 

In this episode, we’re getting into the nitty gritty of calculating your ability to pay, including what to look out for and how to avoid paying more than you can afford. 

If you have a tax problem, this episode is going to help you.

Show notes are available at www.brysonlawfirm.com.

Resources Mentioned:

Calculating a Taxpayer's IRS "Ability to Pay" Presentation PDF Guide: https://drive.google.com/file/d/1bQ69b3REibd82KDprEC7REaF484dOgqJ/view?usp=share_link 

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Show artwork for Talkin' Tax

About the Podcast

Talkin' Tax
Serious Tax Talk with a Louisiana Twist
Co-founders of the Bryson Law Firm, Cary and Angela Bryson, have over 40 years of combined legal experience in Louisiana and Texas and have built a thriving and successful law firm that aids their fellow “Loosianans” and Texans when it comes to the complicated realm of taxes.

Together with the help of their roots, experience, and deep insight, they break down topics such as bank levies, lien assistance, tax resolution, payroll, and more on their podcast Talkin' Tax for anyone who needs a little bit more guidance.

Rest assured that Cary and Angela, who are rooted in faith, family, and taxes, will help you understand your tax problems and find the best solution for them one episode at a time.

For more information, visit www.brysonlawfirm.com.