What happens when you've been avoiding IRS letters for years and suddenly realize you need help? Today, Angel and enrolled agent Carlos Samaniego discuss the fear many people experience when dealing with the IRS and tax debt. Carlos shares valuable insights about the various options available to taxpayers who owe money to the IRS, including installment agreements, currently not collectible status, offers in compromise, and bankruptcy. The conversation explores common fears around tax debt, statute of limitations for tax collection, and practical advice for getting back into compliance with the IRS.

[00:01 - 04:00] You're Not Alone in Your Tax Fears

• Why many taxpayers avoid opening IRS letters and how to overcome this fear
• How to find professional help when dealing with IRS issues
• Why now is an ideal time to get back into compliance due to IRS staffing changes

[04:01 - 08:00] Understanding Tax Debt Expiration

• How the 10-year statute of limitations can work in your favor
• Why monitoring your tax debt expiration dates is critical
• How to become compliant by filing just six years of back tax returns

[08:01 - 12:00] Filing vs. Paying: A Critical Distinction

• Why filing returns is more important than paying taxes owed
• How to avoid serious penalties like what happened to Wesley Snipes
• The importance of shifting your mindset about tax debt

[12:01-14:00] Breaking Through the Fear Barrier

• How to overcome psychological barriers to addressing tax problems
• Why the IRS is more willing to work with you than you might think
• The four main pathways for resolving tax debt and how to choose the right one

[14:01 - 19:55] Navigating IRS Resolution Options

• How to identify and avoid tax resolution scams
• Why partial pay agreements can be better than full installment plans
• The benefits of "currently not collectible" status and how it affects the statute of limitations

Connect with Carlos:

Website: https://www.taxdebtconsultant.com/

Key Quotes:

"Filing is way more important than the paying. You gotta file your tax returns." - Carlos Samaniego

"I tell people, if you're somebody that hasn't filed tax returns... Now's the great time to get back into the system nice and slow while the chaos is happening over there." - Carlos Samaniego

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What happens when a tax expert starts by confessing their tax nightmare? In this eye-opening episode of "The Academy Presents Real Estate Investing Rocks," host Angel welcomes Carlos Samaniego, an Enrolled Agent (EA) who specializes in helping people resolve their IRS problems. Carlos shares his remarkable personal journey from tax evader to tax expert, revealing how his eight-year battle with unresolved tax issues led him to his current mission of helping others. The conversation provides valuable insights into what happens when you ignore tax problems, the powers the IRS has to collect debts, and practical advice on how to address tax issues before they spiral out of control.

[00:01 - 04:22] From Tax Nightmare to Tax Hero

• Carlos explains an EA "fights the IRS for a living"
• His specialty is helping non-filers and those with significant tax debt
• He positions himself as the "superhero" protecting clients

[04:23 - 08:00] Bad Advice Creates Tax Chaos

• One piece of bad advice about exemptions created years of tax problems
• Bigger paychecks led to spending rather than saving for taxes
• Eight years of unfiled returns led to six-figure tax debt

[08:00 - 12:05] Marriage and Money Secrets

• Carlos married without disclosing his tax problems
• Tax issues are often kept secret, even from family
• Finding professional help became his turning point

[12:06 - 16:34] Personal Struggles to Professional Purpose

• Carlos and his wife now run Tax Debt Consultants
• Sharing his story actually helped his business grow
• Financial issues often stem from fear, not malice

[16:35 - 19:48] IRS Collection Powers Explained

• The critical difference between tax liens and levies
• Self-employed people face 100% income seizure risk
• IRS collections have resumed after the COVID pause

Connect with Carlos:

Website: https://www.taxdebtconsultant.com/

Key Quotes:

"Having a tax problem is one of the biggest secrets that exist." - Carlos Samaniego

"You're not a bad person, but you made a stupid decision. But the good thing is that you've realized that and we can fix that problem." - Carlos Samaniego

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

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Investing in real estate isn’t just about finding a property—it’s about choosing the right market. In this episode, Camilla Jeffs shares how to evaluate markets based on cash flow, appreciation, job diversity, landlord laws, and government incentives. Learn how to align your investments with your financial goals and maximize returns.

[00:01 - 04:00] Cash Flow vs. Appreciation

• Coastal markets favor appreciation, while the Midwest offers better cash flow
• Commercial real estate allows investors to increase property value
• Choose a market that fits your income vs. growth goals

[04:01 - 08:00] Why Job Diversity Matters

• Single-industry markets are riskier
• Tech companies are shifting to new states
• A diverse job market keeps rental demand steady

[08:01 - 12:00] Landlord vs. Tenant-Friendly Laws

• Landlord-friendly states offer more protections
• Tenant-friendly areas can make evictions harder
• COVID-19 exposed risks in strict tenant-law states

[12:01 - 17:00] Government Incentives & Taxes

• Some states offer tax breaks for investors
• Policies impact long-term profitability.
• Research tax benefits before investing.

[17:01 - 21:14] Setting Your Investment Goals

• Cash flow vs. appreciation—know your priority
• Commercial properties offer value-add potential
• Market choice depends on risk tolerance

Connect with Camilla:

LinkedIn: https://www.linkedin.com/in/camilla-jeffs/

Key Quotes:

Are you a cash flow investor, or are you chasing long-term appreciation?” - Camilla Jeffs

“Job diversification is crucial—if a market relies on just one industry, your investment is at risk.”- Camilla Jeffs

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing.