Landmark Tax Group - January 2020

Help Your Kids Achieve More This Year

With Simple and Actionable Goals

With every new year comes an opportunity to reinvent ourselves or start down a new path toward self-improvement. Making resolutions is a big part of many families’ New Year’s traditions, and parents often have a desire for their kids to take part in that tradition when they’re old enough. Following through on resolutions is tough, especially for young children, but with your help, they can achieve their goals.

but don’t include any actionable steps. Help your kids think of tangible ways to act on those goals. For

example, if they want to be tidier, a good resolution might be for them to clean their room once a week or take responsibility for one household chore every day.

Practice what you preach.

You are your children’s role model for almost everything, including following through on New Year’s resolutions. So, ask yourself if you follow through on your own resolutions. When you proclaim that you will read more books or finally get a gym membership, do you actually try to do it? Your kids will assign as much importance to New Year’s resolutions as you do, so by sticking to your own commitments, you can help them stay on track too.

Don’t do all the work for them.

While it’s important for you to help your kids formulate their goals, be sure that you aren’t taking over. If they’re ultimately responsible for their resolutions, they’ll feel more compelled to keep them. Instead, suggest different goal areas they could improve, such as home, school, or sports, and let them elaborate. When it comes to creating habits, nobody is perfect, so even if your kids falter on their goals in the middle of February, don’t worry. The important thing is that you continue to encourage them every step of the way.

Keep things simple and achievable.

When your kids are forming their resolutions, their first attempts will probably be very broad. Statements like “I want to be more kind” or “I will try to help more around the house” incorporate good values

How One Client Reduced Their Debt by 77%!

Sometimes we like to highlight case results, and we couldn’t be happier for this particular client!

What will typically happen during a bank levy is the IRS contacts your bank about your current tax debt to start the process. After that, the bank will freeze your assets for 21 days, starting the day the bank receives the notice from the IRS. If the levy is not properly addressed, the bank sends the money from your account to the IRS. With a wage garnishment, the IRS collects your wages without getting a judgment to do so. What makes situations like this even more troubling is that the IRS takes more than most creditors are allowed. Current tax law allows them to take a large percentage of your net income. In this case, we used several strategies to resolve our client’s tax case before the IRS was able to get their hands on any funds. View the official IRS settlement document at LandmarkTaxGroup. com/Results . And if you have any questions regarding bank levies or wage garnishments, give us a call at (949) 260-4770 or visit our website anytime at LandmarkTaxGroup.com .

Coming into the case, our client had a tax debt of $60,013. After we worked with the client on their case, they now only have to pay $13,940!

For the client, that’s a savings amount of $46,073, or 77%!

What makes the situation even better for the client is their new

$200-per-month installment plan. The client can rest easy knowing their home and retirement accounts are protected. We prevented all bank levies and wage garnishments for them as well.

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(949) 260-4770 | michael@landmarktaxgroup.com

www.landmarktaxgroup.com

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