Jun 13, 2025
In this episode:
The benefits of long-term capital gains tax rates and how to qualify
The impact of the 3.8% Net Investment Income Tax (often called the “Obamacare tax”)
The key differences between long-term and short-term capital gains
New increases to the standard deduction for 2025
A proposed...
May 30, 2025
In this podcast, listeners will hear about:
The proposed return of the auto loan interest deduction, including income phaseouts and U.S. vehicle assembly requirements.
Reinstatement of 100% bonus depreciation for qualifying property between 2025–2030.
Increased limits for Section 179 expensing on business asset...
May 16, 2025
In this episode:
Explanation of how Health Savings Accounts (HSAs) work, including tax benefits, contribution limits, and how they differ from FSAs
Reminder for nonprofits about the May 15 Form 990 filing deadline and the risk of losing tax-exempt status if not filed properly
Tax treatment of different types of...
May 2, 2025
Discussion on the so-called "IRS exodus" and its actual impact on audits, including the shift in enforcement strategy.
Cautionary advice about taking overly aggressive tax positions due to perceived reduced IRS oversight.
Importance of avoiding audit risks, especially when dealing with inexperienced agents.
IRA...
Apr 4, 2025
In this episode:
Reminder: tax extensions don’t extend the time to pay.
Upcoming potential changes due to 2025 tax law expirations.
Carried interest and capital gains vs. ordinary income.
Proposed taxation of municipal bond interest.
New early retirement withdrawal exception for emergencies (up to...