Stephen J. Venuti, CPA, MST, LLC

10/23/2026

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗼𝗻𝗲 𝗺𝗼𝗻𝗲𝘆 𝗺𝗼𝘃𝗲 𝘆𝗼𝘂 𝘄𝗶𝘀𝗵 𝘆𝗼𝘂 𝗰𝗼𝘂𝗹𝗱 𝘁𝗮𝗸𝗲 𝗯𝗮𝗰𝗸?

It's probably on this list of spending decisions that haunt Americans long after Halloween.

https://www.nerdwallet.com/finance/studies/2026-financial-regrets-study

10/22/2026

𝗖𝗮𝗻 𝗖𝗵𝗮𝘁𝗚𝗣𝗧 𝗰𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗲 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗜 𝘀𝗵𝗼𝘂𝗹𝗱 𝗼𝗳𝗳𝗲𝗿 𝘁𝗵𝗲 𝗜𝗥𝗦 𝘁𝗼 𝘀𝗲𝘁𝘁𝗹𝗲 𝗺𝘆 𝘁𝗮𝘅 𝗱𝗲𝗯𝘁?

It can give you an estimate, but that number could be quite different from what the IRS would actually consider.

Why? Let's say you have a $1,200 monthly car payment.

You tell ChatGPT your income and expenses, and it subtracts that entire $1,200 when calculating how much you can afford to pay the IRS.

But the IRS has its own allowable living expense standards. It may only recognize a portion of that car payment unless you can document why an exception applies.

That difference affects your disposable income, which is part of how the IRS determines whether to accept an Offer in Compromise.

And a settlement offer based on the wrong numbers could mean paying an application fee and initial payment without resolving your tax debt.

Thinking about an IRS settlement? 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗢𝗙𝗙𝗘𝗥 𝗯𝗲𝗹𝗼𝘄. We'll review your actual allowable expenses and calculate a realistic settlement number the IRS is likely to approve.

10/21/2026

𝗖𝗮𝗻 𝗖𝗵𝗮𝘁𝗚𝗣𝗧 𝗮𝗰𝗰𝘂𝗿𝗮𝘁𝗲𝗹𝘆 𝗰𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗲 𝗺𝘆 𝗜𝗥𝗦 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗶𝗳 𝗜 𝗼𝘄𝗻 𝗮 𝗵𝗼𝗺𝗲 𝘄𝗶𝘁𝗵 𝗮 𝘀𝗽𝗼𝘂𝘀𝗲 𝘄𝗵𝗼 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗼𝘄𝗲 𝘁𝗵𝗲 𝘁𝗮𝘅 𝗱𝗲𝗯𝘁?

ChatGPT usually defaults to basic math (dividing your equity in half), but figuring out how much home equity the IRS can actually count toward your settlement is far more complex.

An AI tool can't accurately calculate this because it can't evaluate:
1. Your actual mortgage balance and payoff terms
2. Priority liens filed against the property
3. How your deed is titled and your spouse's legal ownership interest
4. IRS-specific valuation rules (like the Quick Sale Value discount)
5. State property laws governing marital assets (such as Tenancy by the Entirety or Community Property)

Those details matter because the IRS uses strict formulas to determine available equity.

If ChatGPT gets your available equity wrong, you could submit an offer the IRS rejects outright. Or worse, offer thousands of dollars more than the IRS is legally entitled to collect.

An AI chatbot can't read your deed or verify county records. When I review a potential settlement, I analyze the actual property and lien records before determining what equity should legally count.

If you're considering an IRS settlement and own property with a spouse who doesn't owe the tax debt, comment 𝗘𝗤𝗨𝗜𝗧𝗬 below. We can review how your ownership and property equity will actually affect the amount you offer the IRS.

10/21/2026

Types of Prepaid Expenses to Optimize Your Newtown Square Business's Cash Flow Before Dec 31

Cut your 2026 business taxes before Dec 31. Claim the prepaid expense deduction for tax savings on software, rent, and insurance.

10/20/2026

𝗖𝗮𝗻 𝗖𝗵𝗮𝘁𝗚𝗣𝗧 𝘁𝗲𝗹𝗹 𝗺𝗲 𝗵𝗼𝘄 𝘁𝗼 𝘀𝗲𝘁𝘁𝗹𝗲 𝗺𝘆 𝗜𝗥𝗦 𝘁𝗮𝘅 𝗱𝗲𝗯𝘁?

ChatGPT can explain your IRS relief options, but it can't reliably tell you which one makes the most sense for your situation without reviewing your actual tax records.

It's useful for things like:
• Explaining IRS notices and terminology
• Understanding payment plans
• Learning about Offers in Compromise
• Getting familiar with Currently Not Collectible status

But to get an accurate answer from AI, you'd have to upload your tax returns, wage transcripts, bank details, and notices. Feeding documents loaded with your Social Security number and financial records into a public AI tool puts your most sensitive data at risk.

Even then, an AI doesn't know local revenue officer discretion or how to negotiate on your behalf.

As licensed tax resolution professionals, we can access your transcripts securely through official channels and can calculate which relief program actually saves you money.

So, let us help: 𝗪𝗵𝗮𝘁 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗵𝗮𝘃𝗲 𝘆𝗼𝘂 𝗯𝗲𝗲𝗻 𝗮𝘀𝗸𝗶𝗻𝗴 𝗔𝗜 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝗜𝗥𝗦 𝗽𝗿𝗼𝗯𝗹𝗲𝗺𝘀?

10/19/2026

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝗿𝗲𝘃𝗶𝗲𝘄 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻, 𝗲𝘃𝗲𝗻 𝗶𝗳 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗲𝗹𝘀𝗲 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗶𝘁?

Mistakes happen, whether a return was prepared by tax software or another preparer. We can take a second look, identify errors or missed opportunities, and amend the return when a correction is needed.

Comment 𝗥𝗘𝗩𝗜𝗘𝗪 so we can set up a time to talk.

10/16/2026

𝗪𝗶𝗹𝗹 𝘁𝗵𝗲 𝗜𝗥𝗦 𝗮𝗰𝗰𝗲𝗽𝘁 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗺𝗼𝘂𝗻𝘁 𝗜 𝗼𝘄𝗲?

Yes, if you qualify for the IRS's Offer in Compromise (OIC) program, you might be able to settle your tax debt for less than the full amount. But getting approved isn't easy.

In 2025, fewer than 1 in 6 Offers in Compromise were accepted.

To determine if you qualify, we would need to review your...
• income
• expenses
• assets
• tax debt
• ability to pay

If these match up, we can help you prepare the required financial documentation and present your case based on the criteria the IRS uses to evaluate offers.

𝗗𝗠 𝘂𝘀 if you have tax debt and want to determine your eligibility for an OIC.

10/15/2026

𝗖𝗮𝗻 𝘁𝗵𝗲 𝗜𝗥𝗦 𝘁𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝗳𝗿𝗼𝗺 𝗺𝘆 𝗽𝗮𝘆𝗰𝗵𝗲𝗰𝗸 𝗶𝗳 𝗜 𝗼𝘄𝗲 𝗯𝗮𝗰𝗸 𝘁𝗮𝘅𝗲𝘀?

Yes. If you reach the levy stage, the IRS can order your employer to send a chunk of your paycheck straight to them every pay period.

However, the law requires them to warn you first with a 𝘍𝘪𝘯𝘢𝘭 𝘕𝘰𝘵𝘪𝘤𝘦 𝘰𝘧 𝘐𝘯𝘵𝘦𝘯𝘵 𝘵𝘰 𝘓𝘦𝘷𝘺. That gives you a 30-day window to take action. This will either be setting up a payment plan or coming to some kind of settlement (if you're eligible).

Don't miss that deadline, or you lose your primary leverage to stop the levy.

If you want help with a path forward, comment 𝗛𝗘𝗟𝗣 below. We'll look at your notice, check your timeline, and help you file an appeal before the deadline hits.

10/14/2026

Can ChatGPT Help With Taxes? A Guide for Newtown Square Taxpayers

Can ChatGPT help with taxes? Learn where AI can help and where you’ll need an experienced Pennsylvania tax professional to step in.

10/14/2026

Top financial moves in the last few months of the year...GO