Oglesby Tax Solutions

Faith, Finances, and Fresh Starts with Tim OglesbyTim Oglesby, founder of Oglesby Tax Solutions, shares a faith-centered message for anyone feeling overwhelmed by debt, tax notices, job loss, or financial setbacks. This episode focuses on what a fresh start really looks like  Tim speaks from personal experience, including debt, tax liens, and rebuilding after hardship, and he ties that to biblical principles of stewardship and hope.Key topicsIn this episode: why a fresh start is available even after financial mistakesTim opens with the core idea that a difficult financial chapter does not have to define the rest of your story.He frames the episode for people behind on bills, in debt, facing tax notices, or recovering from job loss.Tim shares his own experience with financial pressureHe talks candidly about carrying debt, receiving tax notices, and having a lien placed on his home.He says those experiences taught him how fear, shame, conflict, and isolation can show up around money.Hope is grounded in truth, not denialHe points to Lamentations 3:22 to 23 and explains that God’s mercies are new every morning.The point, he says, is not that bills vanish overnight, but that mercy meets people exactly where they are.Courage starts with facing the numbersTim stresses that avoidance makes problems bigger.He encourages listeners to open the letters, review credit card balances, total what is owed, and stop running from the numbers.Stewardship means knowing your financial conditionHe references Proverbs 27:23 and applies it to money by urging people to know bills, debts, tax obligations, income, and required expenses.He defines stewardship as faithfully managing what has been entrusted to you.Dave Ramsey’s story is used as a picture of rebuildingTim recounts Ramsey’s collapse after lenders called loans, followed by bankruptcy in his twenties.The takeaway: financial recovery begins when behavior changes and momentum is built through consistent action.Hardship is not always caused by poor choicesHe notes that divorce, illness, layoffs, business struggles, inflation, and caregiving can also create financial problems.He shares examples from working with people in Phoenix, including someone hit by medical bills and a former Seattle Seahawks employee who lost work after an accident.Prayer comes before practical actionTim’s first step is to ask God for wisdom, peace, discipline, and courage.Then he recommends writing down the full financial reality and treating deadlines seriously, especially with IRS or state tax notices.One next step matters more than doing everything at onceHe suggests practical actions like gathering tax documents, calling a creditor, cancelling an unused subscription, starting a small emergency fund, or booking a consultation with a qualified tax professional.The emphasis is on progress, not perfection.Wise counsel is part of the solutionTim cites Proverbs 15:22 and encourages listeners to talk to a pastor, mentor, credit counselor, accountant, CPA, enrolled agent, or trusted friend.He says there is no shame in getting help.Small habits create stability over timeHe closes by encouraging people to track spending, live below their means when possible, pay what they can, avoid new debt, and communicate honestly with a spouse.The message is that tomorrow can be different, even if the past cannot be changed immediately.Timestamps(00:00) Why this episode is for anyone facing financial pressure (00:58) Tim’s personal experience with debt, tax notices, and a home lien (01:27) New mercies every morning, even in a hard financial season (02:26) Why avoidance makes money problems grow (03:25) Know the condition of your flocks: practical stewardship (04:20) Dave Ramsey’s collapse and rebuilding after bankruptcy (05:48) Financial hardship can come from divorce, illness, layoffs, or inflation (06:42) Start with prayer, then take practical action (07:12) Writing down income, debts, deadlines, and tax obligations (07:42) Choosing one next step and getting organized (08:03) Why wise counsel matters (08:32) Small habits that build stability over time (09:20) The invitation to take the next faithful stepAction ItemsOpen every unopened financial letterList income, required expenses, debts, and deadlinesRespond quickly to IRS or state tax noticesPick one practical step to complete todayAsk a trusted advisor for help instead of trying to solve everything aloneTrack spending and avoid adding new debt

Three Signs Your IRS Offer in Compromise Has a Real ShotIn this episode, we break down the three biggest indicators that an IRS offer in compromise may actually be accepted. A client example showing how the IRS evaluates financial hardship, compliance, and reasonable collection potential is included.  In this episode, Tim Oglesby explains what the IRS really looks for, why lowball offers usually fail, and how a well-documented case can lead to a fresh start.Key topicsIn this episode: the IRS cares less about what you want to pay and more about what you can actually pay.Sign one: your financials support the offer, including income, necessary living expenses, bank statements, pay stubs, bills, and asset values.Sign two: you are in compliance, which means filed returns, current estimated payments or withholding, and no new tax debt.Sign three: your offer is reasonable compared with your reasonable collection potential, or what the IRS could collect through other means.Lowball offers that ignore equity, assets, or disposable income are usually rejected quickly.The main takeaway: if your numbers, compliance, and offer amount all line up, acceptance is genuinely possible.

Avoiding Tax Scams: How to Recognize and Protect Yourself from IRS Phone and Email FraudsDiscover how scammers exploit fear to target individuals during tax season. Learn practical tips to identify fake IRS communications and protect your personal information from fraudulent schemes.Key TopicsCommon tactics used by IRS fraudsters, including spoofed phone numbers and fake emailsKey signs that a call or message is a scam, such as demands for immediate payment or threat of arrestReal-life scam story illustrating the importance of verifying IRS notices before actingBest practices for handling suspicious IRS contacts: hang up, verify through official channels, and avoid sharing personal infoWhy urgent pressure and emotional manipulation are red flags in tax scamsHow to stay calm and verify messages to prevent financial loss

In this episode, Tim Oglesby shares a compelling story of helping a small business owner, Dave, overcome mounting tax debt through strategic compliance and negotiation. Learn practical insights on handling IRS disputes, trust fund recovery penalties, and ways to stabilize your business finances.

What to Do When You Receive a Letter from the IRS — Step-by-Step Guidance:  In this episode, Timothy Oglesby from Oglesby Tax Solutions shares practical advice on how to handle IRS notices effectively. Whether it’s routine or urgent, understanding your next steps can save you stress and financial trouble.Key Topics:How to identify the type of IRS notice using the notice code (e.g., CP2000, CP14)The importance of reading every word carefully and noting response deadlinesGathering and organizing supporting documents before respondingDifferent response options depending on whether you agree or disagree with the IRSWhen to seek professional help for complex tax issuesThe importance of acting quickly to resolve IRS problems and protect your rights 

Understanding IRS Wage Garnishments: How They Work and How to Stop ThemIf you’re facing IRS wage garnishments, understanding the process can help you regain control of your finances. In this episode, Tim Oglesby explains the step-by-step IRS collection process, your rights, and actionable strategies to stop garnishments quickly.Main Topics Covered:How IRS wage garnishments are initiated without a court orderThe timeline of IRS collection notices from CP14 to LT11The role of form 668 W in wage levies and employer complianceDifferent paths to release a levy, including installment agreements, hardship claims, offers, and currently not collectible statusCommon mistakes to avoid when dealing with IRS notices and garnishmentsStep-by-step action plan to address and resolve IRS wage garnishments

 Overcoming the Fear of Non-Filing: How to Navigate IRS Challenges and Rebuild Your Financial Life In this episode, Tim Oglesby, an enrolled agent and tax resolution expert, breaks down the reality of non-filers and the myths that keep many people in silence and fear. He shares practical advice, real-world examples, and a step-by-step path to compliance, emphasizing that relief is possible—no matter how long you've been in this situation.Key Topics Covered: The common misconceptions about IRS actions on non-filers and the reality behind paper-based enforcement How the IRS’s substitute for return (SFR) process works and why it’s never in your favorThe impact of penalties and interest—how they snowball over time and how to minimize themThe importance of filing recent six years of returns and the maximum benefits of voluntary complianceThe story of Marcus: a real example of how reconstruction, penalty abatement, and manageable payment plans can transform a dire tax situationCollection mechanisms including liens, levies, wage garnishments, and federal/state cooperationThe importance of professional support: how licensed tax professionals advocate and navigate the complex processOvercoming shame and fear—taking action to regain control and peace of mind Timestamps: 00:00 - Introduction: Understanding non-filer myths and real risks 00:23 - Personal story of tax struggles and the purpose of this episode 1:18 - Common horror stories and the truth behind IRS actions 2:03 - How the IRS's paper-driven process works and their actual priorities 2:59 - What happens when you don't file: notice, system flags, and notices of deficiency 4:23 - The dangerous substitute return (SFR) process and its implications 5:22 - Why the IRS’s assessments are typically higher without deductions 6:18 - Real case example: a freelancer’s substitute return leading to a $140k debt 7:01 - How many years of returns to file and what the IRS actually requires 8:00 - How automated enforcement letters generate fear, not immediate action 8:47 - What happens when the IRS moves to garnishments and levies, and how to stop them 9:37 - Gathering data, filing back taxes, and options to resolve penalties and debt 10:36 - Penalties for non-filing, and how interest accrues daily, increasing debt 11:58 - The snowball effect of multiple years of non-filing and the importance of filing late 13:03 - IRS penalty abatement programs and their potential to reduce penalties 14:01 - Marcus’s story: rebuilding from six years of non-filing through reconstruction and abatement 17:25 - How structured payment plans and compliance transform a stress-filled life 19:38 - The mechanics of liens, levies, and additional collection enforcement tools 23:00 - The possibility of coming back from non-filing and the importance of professional guidance 24:29 - Addressing shame and fear: support, non-judgment, and the path to freedom 25:28 - Summary: key lessons from Marcus’s story and the importance of taking action 26:28 - Encouragement to reach out to a qualified professional and reclaim your financial peaceResources & Links: National Personal Tax InstituteIRS Penalties and Interest OverviewTax Resolution Solutions (example for professional help) Connect with Tim Oglesby: WebsitePhoneLinkedIn If you feel overwhelmed or anxious about your tax situation, remember that relief is attainable. Taking the first step with professional support can dramatically reduce stress and lead you back to compliance—and peace of mind.