Are you a new retiree facing a back tax debt you can't pay in full today? Book a call with me at Retirement and taxes can be complicated but they don't have to be. As you enter into the next chapter of life don't take tax problems with you. In this video, I walk you through what a form W-4P is and why it is important to have it properly filled out when you begin taking payments from your pensions, annuities, and other retirement accounts. If you have a tax debt under $20,000 you qualify for a guaranteed payment plan with the IRS. Qualified taxpayers can pay the debt off within 36-72 months, have all tax returns filed, and have their withholding correct(ed). If that's you check out my e-book: Guaranteed Payment Plan. I'll walk you through how to set up your payment arrangement online or on the phone. If you have more questions about retirement income and taxes check out Episode 13 of the Tax Relief with Timalyn Bowens podcast: Retirement and Taxe
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)