IAM1772 – Attorney and CPA Helps Businesses with State Tax Problems

Why it was selected for “CBNation Architects”:

In this episode of the I AM CEO podcast, host Gresham Harkless interviews Karen Tenenbaum, a tax attorney and CPA who founded Tenenbaum Law, P.C. 25 years ago to help individuals and businesses facing IRS and New York State tax problems. Karen shares her insights on the challenges of navigating state tax problems and the benefits of seeking professional help.

Throughout the interview, Karen emphasizes the importance of understanding the human aspect of the business and being sympathetic and empathetic to clients. She also discusses the current state of IRS collections during the pandemic and the need for individuals and business owners to be aware of updates and potential tax collection efforts.

Karen shares her CEO hacks and nuggets, which include knowing your numbers and building an amazing team in the company. She defines being a CEO as working on your business and making an impact in the community.

Overall, the episode provides valuable insights into the importance of tax management for businesses and the benefits of seeking professional help from firms like Tenenbaum Law. Karen's experience and expertise in the field make this episode a must-listen for anyone interested in resolving state tax problems.

Check out one of our favorite CEO Hack’s CEO Web Shop. Get your free audiobook and check out more of our favorite CEO Hacks HERE.

Transcription:

The full transcription is only available to CBNation Library Members. Sign up today!

Karen Tenenbaum Teaser 00:00

We have another guy who has an international business, and how do you tell your clients now that the world is opening up and you can get back on a plane and fly internationally, that I can't get on that plane because I owe more than $55,000 to the IRS and they took away my passport?

So people don't even realize the consequences of not opening those envelopes or some of their actions of not paying. They think it'll go away but it doesn't go away.

Intro 00:24

Do you want to learn effective ways to build relationships, generate sales, and grow your business from successful entrepreneurs, startups, and CEOs, without listening to a long, long, long interview?

If so, you've come to the right place. Gresham Harkless values your time and is ready to share with you precisely the information you're in search of.

This is the I AM CEO podcast.

Gresham Harkless 00:50

Hello, hello, hello, this is Gresh, from the I AM CEO podcast and I appreciate you listening to this episode. If you've been listening this year, you know that we hit 1600 episodes at the beginning of this year. We're doing something a little bit different where we're repurposing our favorite episodes around certain categories, topics, or as I like to call them, business pillars that we think are going to be extremely impactful for CEOs, entrepreneurs, and business owners. Or what I like to call the CB Nation architects, those that are looking to level up their organizations.

This month we are focusing on knowing thy numbers. I could hear the phrases from Mr. Wonderful on Shark Tank, and if you understand or don't understand exactly what numbers is, think finance, economics, accounting, capital, investment, funding, bootstrapping, anything that's around numbers. We have to understand how important it is to know your numbers and how important that is for you to forecast, make decisions, and to be able to truly strategize around your business and do that successfully.

Things are gonna be a little bit different obviously, this month. So look for CEO hacks and CEO nuggets and interviews that focus around this. But more than everything else, make sure that you know your numbers because they're extremely important to the life of your business.

Hello, hello, hello. This is Gresh from the I AM CEO podcast. I have a very special guest back on the show today. I have Karen Tenenbaum of Tenenbaum Law PC. Karen, super excited to have you back on the show.

Karen Tenenbaum 02:17

Thanks so much for having me. We had such a great conversation. I'm really looking forward to this one as well.

Gresham Harkless 02:21

Yes, absolutely. We had a great episode. Karen was actually on episode number 110 of our podcast and we had a great little intro call where we talked about all the things that are updating and changing in our lives. So super excited to have you back on Karen. Obviously before we jump into the interview, I want to read a little bit more about Karen so you can hear about some of those awesome things.

Karen is a tax attorney for 39 years with an LLM in tax and is also a CPA. She founded Tenenbaum Law PC in Melville, New York 25 years ago, and the firm helps individuals and businesses facing IRS and New York State tax problems. Karen is a frequent speaker on IRS and New York State Tax issues for numerous professional organizations including the NYS Society of CPAs, the NCPAP, accounting and Tax Symposium, the AAA-CPA, New York State Society of Enrolled Agents, and many, many more.

Presently, she serves as the chair of the Suffolk County Bar Association Tax Law Committee and the Vice Chair of the NYS Society of CPA's relation with IRS committee. Her firm has successfully helped many individuals and businesses resolve their tax problems.

Karen, excited to have you on the show again, it's alphabet soup over here. Are you ready to speak to the I AM CEO community?

Karen Tenenbaum 03:34

Thank you so much for that amazing introduction. Wow.