IRS and State Letters

John Ensley on Investments

In this episode, we dive deep into:  * Planning for retirement: transitioning from accumulation to distribution * Understanding Roth conversions and their tax implications * Diversifying investments to manage risk and maximize returns * Protecting your retirement with a volatility shield "Diversification, to me, also means that we have our assets segregated into a number of different buckets. Some of those are fully taxable, some of those are tax-deferred and taxable later, some of those are not taxable."  – John Ensley About John Ensley: John Ensley is leading a financial planning revolution to help you take back control of your money, your lifestyle and your retirement plan. John is president of J-Ensley Financial, a registered investment adviser firm in Washington State. He holds a Chartered Financial Consultant® and National Social Security Advisor designation and is one of an elite group of highly trained Bank On Yourself® Professionals. John is passionate about helping individuals, families, and small businesses succeed financially, without taking on unnecessary risk. Connect with John Ensley: Website: https://retirewellwithjohn.com [https://retirewellwithjohn.com] LinkedIn: https://www.linkedin.com/in/johnensley/ [https://www.linkedin.com/in/johnensley/] Facebook: https://www.facebook.com/JEnsleyFinancial [https://www.facebook.com/JEnsleyFinancial] Twitter: https://twitter.com/johnensley [https://twitter.com/johnensley]  Connect with Jeff: Website: https://www.hocketttax.com/https://www.hocketttax.com/ [https://www.hocketttax.com/] Email: jeff@hocketttax.com [jeff@hocketttax.com]  Twitter: https://twitter.com/taxgamecoachhttps://twitter.com/taxgamecoach [https://twitter.com/taxgamecoach] Facebook:   [https://www.facebook.com/hocketttaxandpayroll]https://www.facebook.com/hocketttaxandpayroll [https://www.facebook.com/hocketttaxandpayroll] YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 [https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0]  LinkedIn: http://www.linkedin.com/in/hocketttaxwww.linkedin.com/in/hocketttax [http://www.linkedin.com/in/hocketttax] Instagram:   [https://www.instagram.com/hocketttax/]https://www.instagram.com/hocketttax/ [https://www.instagram.com/hocketttax/]

What you should do before the end of the year

In this episode, we dive deep into:  * End-of-year strategies to maximize tax savings * Hiring your kids to save on taxes * Benefits of health savings accounts and Roth IRAs * Avoiding common tax penalties and misconceptions "Over the years, I have found that most people put things off until the last minute. Well, if that is you, then you only have a couple of weeks left to finish out the 2024 tax year." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/https://www.hocketttax.com/ [https://www.hocketttax.com/] Email: jeff@hocketttax.com [jeff@hocketttax.com]  Twitter: https://twitter.com/taxgamecoachhttps://twitter.com/taxgamecoach [https://twitter.com/taxgamecoach] Facebook:   [https://www.facebook.com/hocketttaxandpayroll]https://www.facebook.com/hocketttaxandpayroll [https://www.facebook.com/hocketttaxandpayroll] YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 [https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0]  LinkedIn: http://www.linkedin.com/in/hocketttaxwww.linkedin.com/in/hocketttax [http://www.linkedin.com/in/hocketttax] Instagram:   [https://www.instagram.com/hocketttax/]https://www.instagram.com/hocketttax/ [https://www.instagram.com/hocketttax/]

IRS and State Letters

In this episode, we dive deep into:  * Understanding payroll tax letters and deposit schedules * Recognizing the importance of S Corporation election letters * Navigating adjustment, audit, and penalty letters * Ensuring compliance with address change and identity verification letters "This time of year, the IRS and the state will send letters to a lot of business owners, and these letters are very important, so it is very important that you open them to see what's in there." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/https://www.hocketttax.com/ [https://www.hocketttax.com/] Email: jeff@hocketttax.com [jeff@hocketttax.com]  Twitter: https://twitter.com/taxgamecoachhttps://twitter.com/taxgamecoach [https://twitter.com/taxgamecoach] Facebook:   [https://www.facebook.com/hocketttaxandpayroll]https://www.facebook.com/hocketttaxandpayroll [https://www.facebook.com/hocketttaxandpayroll] YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 [https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0]  LinkedIn: http://www.linkedin.com/in/hocketttaxwww.linkedin.com/in/hocketttax [http://www.linkedin.com/in/hocketttax] Instagram:   [https://www.instagram.com/hocketttax/]https://www.instagram.com/hocketttax/ [https://www.instagram.com/hocketttax/]

Do you have IRS letters?

In this episode, we dive deep into:  * The importance of opening IRS letters * How IRS systems generate letters and common issues * Understanding stimulus payments, tax credits, and payment adjustments * Why timely action on IRS correspondence matters "The IRS isn’t going to just forget about you or the issue that generated this letter in their system." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/https://www.hocketttax.com/ [https://www.hocketttax.com/] Email: jeff@hocketttax.com [jeff@hocketttax.com]  Twitter: https://twitter.com/taxgamecoachhttps://twitter.com/taxgamecoach [https://twitter.com/taxgamecoach] Facebook:   [https://www.facebook.com/hocketttaxandpayroll]https://www.facebook.com/hocketttaxandpayroll [https://www.facebook.com/hocketttaxandpayroll] YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 [https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0]  LinkedIn: http://www.linkedin.com/in/hocketttaxwww.linkedin.com/in/hocketttax [http://www.linkedin.com/in/hocketttax] Instagram:   [https://www.instagram.com/hocketttax/]https://www.instagram.com/hocketttax/ [https://www.instagram.com/hocketttax/]

What are your Luxuries?

In this episode, we dive deep into:  * The value of time and how to use it wisely * Prioritizing health as a business owner * Creating a quiet mind to reduce stress and anxiety * Embracing travel and meaningful relationships for a fulfilled life "Stop focusing on those luxuries and pay more attention to these six: your time, your health, a quiet mind, slow mornings, ability to travel, and a house full of love." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/https://www.hocketttax.com/ [https://www.hocketttax.com/] Email: jeff@hocketttax.com [jeff@hocketttax.com]  Twitter: https://twitter.com/taxgamecoachhttps://twitter.com/taxgamecoach [https://twitter.com/taxgamecoach] Facebook:   [https://www.facebook.com/hocketttaxandpayroll]https://www.facebook.com/hocketttaxandpayroll [https://www.facebook.com/hocketttaxandpayroll] YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 [https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0]  LinkedIn: http://www.linkedin.com/in/hocketttaxwww.linkedin.com/in/hocketttax [http://www.linkedin.com/in/hocketttax] Instagram:   [https://www.instagram.com/hocketttax/]https://www.instagram.com/hocketttax/ [https://www.instagram.com/hocketttax/]