It's easy to put off taxes---until the years pile up, and suddenly, the task feels impossible. But you don't have to do it alone. What if I told you that catching up on back taxes is simpler than it seems, and getting started today could save you from bigger problems tomorrow?On this episode of Become Sensible, I introduce my new co-host, Anh, and together we dive into the story of “Samantha”, a graphic designer who came to us with three years of unfiled taxes. We walk through the exact steps I take with clients to prioritize the oldest tax year, minimize penalties, and catch up on bookkeeping. "The best time to start is yesterday, and the second-best time is today." If you've been avoiding your taxes out of fear or overwhelm, I want to assure you---it's never too late to turn things around. ConnectFollow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.Timestamps0:00 - Introduction to the episode and my new co-host, Anh  2:00 - “Samantha's” story: A graphic designer with three years of unfiled taxes 5:15 - Where do you even start if you haven't filed taxes in years?  8:30 - Should you manage your taxes or hire a CPA?  10:45 - Using AI-powered accounting tools for faster tax prep  14:00 - How does the IRS calculate penalties and interest?  17:00 - Can you request a waiver for penalties?  20:45 - Fixing automatic IRS filings with amended returns  24:30 - How important is keeping up with bookkeeping?  27:00 - Encouragement: "Better late than never"  30:00 - Final thoughts: Don't be ashamed---just start today Hosted on Acast. See acast.com/privacy for more information.

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