Jun 13, 2025
In this episode:
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The benefits of long-term capital gains tax rates and how to qualify
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The impact of the 3.8% Net Investment Income Tax (often called the “Obamacare tax”)
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The key differences between long-term and short-term capital gains
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New increases to the standard deduction for 2025
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A proposed...
May 30, 2025
In this podcast, listeners will hear about:
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The proposed return of the auto loan interest deduction, including income phaseouts and U.S. vehicle assembly requirements.
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Reinstatement of 100% bonus depreciation for qualifying property between 2025–2030.
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Increased limits for Section 179 expensing on business asset...
May 16, 2025
In this episode:
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Explanation of how Health Savings Accounts (HSAs) work, including tax benefits, contribution limits, and how they differ from FSAs
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Reminder for nonprofits about the May 15 Form 990 filing deadline and the risk of losing tax-exempt status if not filed properly
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Tax treatment of different types of...
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 18, 2025
In this episode:
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Roth IRA Conversions Explained – What they are, how they work, who should consider them, and the tax strategy behind converting gradually.
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Qualified Charitable Distributions (QCDs) – Using IRA withdrawals to make tax-free donations if you're over 70½.
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Depreciation & “Placed in Service”...