May 2, 2025
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Discussion on the so-called "IRS exodus" and its actual impact on audits, including the shift in enforcement strategy.
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Cautionary advice about taking overly aggressive tax positions due to perceived reduced IRS oversight.
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Importance of avoiding audit risks, especially when dealing with inexperienced agents.
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IRA...
Apr 4, 2025
In this episode:
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Reminder: tax extensions don’t extend the time to pay.
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Upcoming potential changes due to 2025 tax law expirations.
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Carried interest and capital gains vs. ordinary income.
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Proposed taxation of municipal bond interest.
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New early retirement withdrawal exception for emergencies (up to...
Feb 21, 2025
In this episode:
- An update on the tax cap for State and Local Taxes.
- Tax rules for gain or loss on a qualifying residence.
- The IRS is cracking down on fuel tax credit fraud.
If you're a self-employed business owner looking to buy a home, you’ve probably heard that getting a mortgage is more challenging than for...
Nov 2, 2024
In this episode:
- Tax Cuts and Jobs Act expires after 2025.
- New inflation adjusted numbers reported.
- Section 179 update.
- Gift limit is $19,000 for 2025.
- IRS begins enforcement of gambling earnings reported on Form W2G.
- Limitations and income tax issues when working overseas.
Tabitha Myers of Tabitha Myers Nutrition...