Tax Relief with Logan Allec, CPA

Does the exact money you deposit into a Roth IRA have to come directly from your paycheck?

In this video, I explain how the earned-income requirement for Roth IRA contributions actually works, whether money received as a gift can be deposited into the account, and what ultimately determines how much you are allowed to contribute.

I also discuss the poten...

This taxpayer spent six years paying the IRS for a 2019 stock sale—only to discover that the IRS may have calculated the tax using a cost basis of zero.

He originally owed between $14,000 and $16,000, has paid more than $10,000 through an IRS installment agreement and intercepted tax refunds, and still owes nearly $6,000.

In this video, I explain:
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You set up a short-term IRS payment plan—and received an approval. So why is the IRS now demanding immediate payment and threatening to file a federal tax lien?

In this video, I break down what may have happened and whether this taxpayer should be worried. One possible explanation is a timing issue: the collection notice may have already been generated before the p...

What’s the lowest amount the IRS will settle for through an Offer in Compromise?

Technically, there is no universal minimum settlement amount. In rare cases, the IRS may accept an extremely small offer—even just a few dollars. But that does not mean everyone can settle their tax debt for next to nothing.

The amount the IRS may accept generally depends on...

Wondering what happens after you submit an IRS offer in compromise? The offer in compromise process mostly plays out by mail — and in this video, I show you the three letters the IRS actually sends, using real letters from cases my firm has handled (with client information redacted, of course).

Letter #1 is the processability letter. This is the IRS telling you you...