1:02:31 But also, if you make a mistake, you pay the crime, you pay the toll. So essentially, you're in a situation now where if you make the wrong move, you're going to pay for the IRS's mistake and you're going to pay for a mistake if you make it. So tell people how they can avoid that and what you guys at Jones Tax Relief will do to offer them some comfort should they be in a compromising potentially situation with the IRS. Well, that's right, Owen. And so let me address that first. If you are in a potentially compromising situation with the IRS, and let me just say this, if you are a taxpayer, then you potentially are because they are going after everyone, like I said. But there's three types of situations you could possibly be in. Either right now, you need your taxes filed for this year and you want to pay as a, you
1:03:19 warm-blooded American, you wanna pay the least amount as physically possible, that's your legal right as a taxpayer. And so we can help make sure you do that. Or if the IRS has already gotten to you and they're saying they owe you money or you owe them money, the state is saying that you owe them money, they're coming after you, maybe they're levying your bank account or taking other collection activities against you, we can stop these dead in their tracks, we can make them, Honor your rights that you have that they are violating and remember as we talked before they don't care if they violate your rights because they're not attorneys They are clerks that operate off of what they do and then there's the future which is hey I'm planning on making more money next year than this year because I started a business. I'm doing better all these things well
1:04:04 Well, the reason the IRS, Owen, made so much money last year and the year before is because when the COVID disaster hit and everybody lost their salary job, they all started businesses. But the thing is, as many of these people are overpaying in taxes because they're not familiar with filing schedule C, small business tax returns, and the amount of deductions such as the pass-through deduction, 20%, that you could and make sure you're paying the least amount of taxes. So if any of these situations apply to you, I can help. We can absolutely make sure you're in the correct entity structure going forward and you're paying the least amount of taxes. And if you already owe the government, we'll negotiate for that back tax. Now, how we got into this situation in the first place this year is, remember, I was at the IRS conference in November. I talked to Chuck Riddell and he said the story
1:04:56 single biggest focus of the IRS during his commission was getting people to answer the phone. And now during this time, the Democrats, right, Biden passed this giant law, the Inflation Act, which added 87,000 people to the IRS, $80 billion, right? But what the new regime does, what the new commissioner of the IRS has said, oh, we're only gonna put 7,000 of those people towards the actual problem. The rest of it we're gonna shake down the middle class. And now here's where the IRS's problem was, and this is what the TIGDA report found out, is okay, fine, the Democrats push through all these bills because they want people to pay more taxes, get audited, et cetera, et cetera. But the IRS doesn't have the infrastructure to do it. And so TIGDA's looking at this Rubik's Cube of
1:05:44 complexity that they have to figure out before they can even make these moves. And so does that mean that, oh, we're in a safe harbor until they figure it out? No, no, that is not how the government works. They are going to attack first before they realize whether they are even in the right or in the wrong. And so that's where the danger lies on And even the Treasury Inspector General has said that the IRS is not equipped to handle what they're doing. And that's why they have backtracked on a lot of the stuff they've said over recent days. Now, remember, we're talking about stuff that spent the last two years coming into law, and then they spent the last two weeks reneging on it, right? And that's not enough time for
1:06:24 the government, the bureaucracy to really change. And so that's why we're going to have a lot of mistakes. And like you said, Owen, when a mistake comes down from the IRS, it ain't the IRS that's going to pay the bill. It's you. And so that's why you have to have proper representation to make sure they're not taking advantage of you. So what's the move here? What can you offer to say somebody who wants to start a business this year, whether you have small intentions or large intentions, what are the services that jonestaxrelief.com can offer? Because I would imagine for a lot of people that are going into business for themselves to start a new year, there's probably a lot of questions, a lot of concerns, and there's really no clarity that you get. I mean, they don't teach you this stuff in school, so you're kind of walking around blindfolded until the IRS takes it off and says, hey, pay the toll.
1:07:10 you Correct, Owen, and that's absolutely correct. Information is the one thing that they want to keep from the people because that is what gives us power, right? And so what we are offering in this, um, permetralist time is, uh, we have a three year audit protection program. So if you're in the type of situation that we, you know, you talk to me and we find out that, listen, you're in the area that potentially could get audited. We're so we have protection plans that we can give you that for the next three years, which is hopefully the rest of that commission of the IRS before the Republicans take control again, we'll see. But for the next three years, you won't have anything to worry about if the IRS ever comes to you, we're representing you and those letters would come to us and we'll take care of it. So that's what I can offer straight up for everybody. Because like I said, it doesn't matter if you have a small business or not, they're
1:08:04 They're going to audit a lot of people who do not deserve it this year. But as I said before, there are many entities such as C corporations, LLCs, trusts, instruments, excuse me, that we can create and Put people in so that you are paying the lowest amount of taxes. Now until the Democrats change this, and they do want to, the corporate tax rate is still the lowest tax rate of all income tax, right? It's 21%. You and me, Owen, we pay on a sliding scale up to 37%. So just simply if you're making a lot of money, being in the right entity structure could save you literally half the amount that you're paying in taxes.