Tax Trouble: What To Do When Things Go Sideways

<p>Got an unopened IRS letter in a drawer? Tax attorney Jason Wiggam breaks down exactly what to do when you owe the IRS and can't pay.</p><p>We cover the first 3 things to do after any IRS notice, how installment agreements and offers in compromise actually work, when currently not collectible status makes sense, and why bankruptcy can sometimes wipe out tax debt. Jason Wiggam, founding partner of Wiggam Law in Atlanta, has helped hundreds of individuals and businesses resolve IRS and state tax debt without panic or shame.</p><p>What you'll learn in this episode:</p><p>- Why tax trouble happens to smart, successful people, not just "reckless" ones</p><p>- The exact documents to gather before your first call with a tax attorney</p><p>- How the IRS decides between an installment agreement, currently not collectible status, or an offer in compromise</p><p>- Why only 15% of offers in compromise get accepted, and how to know if you'd qualify</p><p>- Whether bankruptcy can legally discharge income tax debt</p><p>- The 4-step Tax Strategy Playbook for going from IRS notice to full resolution</p><p>If you're a real estate investor, business owner, or self-employed professional worried about an IRS letter, audit, or tax debt, this episode gives you a clear, no-shame plan.</p><p>0:00 Intro: What to Do When You Get an IRS Letter</p><p>2:17 Meet Jason Wiggam, Atlanta Tax Resolution Attorney</p><p>4:37 Who Really Ends Up in IRS Tax Trouble</p><p>7:21 Common Pathways Into IRS Tax Debt and Audits</p><p>8:59 The Danger of TikTok Tax Hacks and Bad Advice</p><p>11:48 Step 1: Open Your IRS Notice — Don't Ignore It</p><p>14:37 Documents to Gather Before Calling a Tax Attorney</p><p>18:04 IRS Installment Agreements: Full Pay vs Partial Pay</p><p>21:19 Currently Not Collectible Status Explained</p><p>22:53 Offer in Compromise: When It's Real vs Wishful Thinking</p><p>28:19 IRS Audits, Appeals, and US Tax Court</p><p>30:16 Should a CPA or Tax Attorney Handle Your Audit</p><p>35:08 Habits to Stay Off the IRS's Radar</p><p>38:15 Will You Go to Jail for Owing the IRS? (No)</p><p>40:20 The 4-Step Tax Resolution Playbook</p><p>44:06 Where to Reach Jason Wiggam / Wiggam Law</p><p>🎙️ Listen to the full podcast: <a rel="noopener noreferrer nofollow" href="https://taxstrategyplaybook.com" target="_blank">https://taxstrategyplaybook.com</a></p><p>📩 Get the free Tax Strategy Playbook newsletter: <a rel="noopener noreferrer nofollow" href="http://taxstrategyplaybook.com/newsletter" target="_blank">http://taxstrategyplaybook.com/newsletter</a></p><p>💰 Book a free cost segregation consultation: <a rel="noopener noreferrer nofollow" href="https://calendly.com/david-weiner/cs" target="_blank">https://calendly.com/david-weiner/cs</a></p><p>📧 Contact David Wiener directly: <a rel="noopener noreferrer nofollow" href="mailto:david.wiener@cashflowstrategies.us" target="_blank">david.wiener@cashflowstrategies.us</a> or call 770-224-8504 ext. 2</p><p>🔗 Learn more about Jason Wiggam: <a rel="noopener noreferrer nofollow" href="http://wiggamlaw.com" target="_blank">wiggamlaw.com</a></p><p></p><p>New episodes of The Tax Strategy Playbook drop every Tuesday — subscribe so you never miss a strategy that protects your cash flow.</p><p>#IRSTaxDebt #TaxStrategyPlaybook #OfferInCompromise</p>