Are you ready to transform your financial future? Welcome to the 2nd Look Services Podcast, where we reveal the secrets to earning more money, recovering funds you're owed, and building generational wealth that lasts!In this episode, Don Zavis and Michael Jesse discuss the power of the Offer In Compromise (OIC) as a crucial tool for businesses facing significant IRS or state tax debt. Michael shares real-world success where an OIC helped a company reduce a $25,000$ debt down to just $5,000$. The co-hosts emphasize that the IRS is often willing to negotiate with individuals and businesses to settle tax burdens.Learn how an OIC provides a clean slate, why it's a better option than bankruptcy for tax debt , and why taking a "second look" at your finances and proactively addressing scary IRS letters is essential. Don and Michael stress the importance of working with certified professionals, like an enrolled agent or tax attorney, to avoid dangerous tax schemes and ensure you are legally and honestly resolving your financial issues. Finally, they provide advice on how businesses can move forward with better planning to prevent future tax problems.Don't just work hard; work smart, and let us show you how to build the financial legacy you deserve.🔑 Key Takeaways & Discussion Points: Taking Your Financial Second Look[00:00] Introduction: Don Zavis and Michael Jesse on the "Financial Equalizer" call[00:24] Don's perspective on the business world getting "serious again" on Mondays [01:42] Introducing the Offer In Compromise (OIC) [02:13] Michael's experience: Businesses with huge debt to the IRS[03:00] How the OIC can reduce a tax debt by an average of 80%[03:51] The legal seriousness of unaddressed tax debt and tax evasion[04:41] Don asks why people don't use the OIC more often[05:56] Michael's thoughts: Lack of awareness and reluctance to spend money to resolve debt [07:04] Why bankruptcy is not a solution for government tax debt[07:46] 2nd Look Services' policy: No charge unless they successfully reduce your burden [08:32] The IRS wants to work with you and will only pursue drastic measures when options are exhausted[09:43] Warning against social media tax scams and the need for certified professionals [12:31] The IRS "look back" period: You have three years to look back and make corrections [16:47] Deducting bad business debt from your taxes[17:48] Being deemed "uncollectible" and its financial consequences[18:49] The fear of IRS letters and how to interpret them[21:12] Moving forward: Proactive planning and quarterly/monthly tax filing[24:00] Don's closing advice: Review your expenses (checkbook) to find money you can get back or reduce[26:16] Michael's closing advice: The importance of planning, budgeting, and ensuring all expenses are deductible [27:39] The legal home business deduction as an example of a valuable, underutilized tax strategy🚀 Ready to take the next step?🌎 Visit our Website: Discover more resources, services, and expert insights at https://www.2ndlookservices.com.🗓️ Get Your Free Consultation: Book a personalized, no-obligation session to discuss your financial goals!https://meetings-na2.hubspot.com/meetings/michael4🔗 Connect With Us:📧 Subscribe to our Channel: Never miss an episode!➡️ https://www.youtube.com/channel/UCJx4a1oDc4V-o5vAt5wMROw➡️ Follow us on LinkedIn: https://www.linkedin.com/company/107150293➡️ Like us on Facebook: https://www.facebook.com/61576614189080/

Are you ready to transform your financial future? Welcome to the 2nd Look Services Podcast, where we reveal the secrets to earning more money, recovering funds you're owed, and building generational wealth that lasts! In this episode, Don Zavis shares a recent, real-life experience challenging a hospital on his wife's surgery co-pay: What happens if you pay for services upfront, but they end up doing less? This discussion brings the "Second Look" philosophy to life, proving that being curious and asking simple questions can lead to money earned back (or, as we call it, "returned").We also expose the hidden opportunities to get credits from utility companies for service interruptions and warn against losing money to unused subscription apps. Don't resign yourself to living paycheck to paycheck. Learn how to apply accountability to the people and services you've trusted, demanding restitution for money you overpaid or services you never received.Don't just work hard; work smart, and let us show you how to build the financial legacy you deserve.🔑 Key Takeaways & Discussion Points: Taking Your Financial Second Look[00:00] Introduction[01:41] The Co-pay Challenge[06:40] The Medical Debt Crisis[08:32] The Capitalist Mantra[13:35] Reclaiming Utility Money[18:42] Act of God is a Story[22:18] Newfound Accountability[28:28] The IRS Look Back🚀 Ready to take the next step?🌎 Visit our Website: Discover more resources, services, and expert insights at https://www.2ndlookservices.com.🗓️ Get Your Free Consultation: Book a personalized, no-obligation session to discuss your financial goals!https://meetings-na2.hubspot.com/meetings/michael4🔗 Connect With Us:📧 Subscribe to our Channel: Never miss an episode!➡️ https://www.youtube.com/channel/UCJx4a1oDc4V-o5vAt5wMROw➡️ Follow us on LinkedIn: https://www.linkedin.com/company/107150293➡️ Like us on Facebook: https://www.facebook.com/61576614189080/

Are you ready to transform your financial future? Welcome to the 2nd Look Services Podcast, where we reveal the secrets to earning more money, recovering funds you're owed, and building generational wealth that lasts!In this episode, co-founders Don Zavis and Michael pull back the curtain on one of the biggest secrets in the financial world: the inherent conflict of interest between insurance companies and their policyholders. Inspired by the film Fight Club, we reveal how adjusters may be financially incentivized to contain your claim, directly contradicting the spirit of your policy.This discussion expands the "Second Look" philosophy beyond insurance, encouraging listeners to look back at their past financial activity—from high cable bills to unpaid college tuition reimbursements—to claw back money they've been overcharged or simply failed to ask for. Learn the critical mindset shift you need to make to stop "suffering needlessly" and start demanding what you're owed.Don't just work hard; work smart, and let us show you how to build the financial legacy you deserve.🔑 Key Takeaways & Discussion Points: Taking Your Financial Second Look[0:58] The Fight Club Reality: Why large corporations may prioritize the economics of paying off claims over fixing a product flaw.[3:37] The Adjuster's Hidden Incentive: The shocking truth about how insurance adjusters are reportedly paid a bonus on claim containment.[4:40] Why Companies Hold Funds: How being publicly traded can incentivize companies to hold onto money to make their stock look good.[8:20] Your Due Diligence: The responsibility to mitigate risk (like locking your doors or having a car alarm) and how insurers look for this.[11:04] The Attractive Nuisance Trap: The subtle ways insurance companies could blame you for a break-in (even if it's legally your right to have cash on your dashboard).[14:30] The Loyalty Penalty: Why long-term clients are often overcharged while new customers get better deals (cable TV example).[21:37] Demand a Refund, Not Just a Deal: The shift in mindset to look backwards and demand a credit for past overcharges.[27:00] Found Money: How to look at your past year's checkbook activity to find opportunities for raises, tuition reimbursement, and loan payment reductions.[28:48] The Power of Asking: Why you miss "100% of the swings that you don't take" in negotiating your finances.🚀 Ready to take the next step?🌎 Visit our Website: Discover more resources, services, and expert insights at https://www.2ndlookservices.com.🗓️ Get Your Free Consultation: Book a personalized, no-obligation session to discuss your financial goals! https://meetings-na2.hubspot.com/meetings/michael4🔗 Connect With Us:📧 Subscribe to our Channel: Never miss an episode!➡️ https://www.youtube.com/channel/UCJx4a1oDc4V-o5vAt5wMROw➡️ Follow us on LinkedIn: https://www.linkedin.com/company/107150293➡️ Like us on Facebook: https://www.facebook.com/61576614189080/