Tax Boss Podcast

Follow Tax Boss Podcast
Share on
Copy link to clipboard

Welcome to Tax Boss. I’m Merrell Bailey in Orlando, FL. And I’m Krystal Woodbury in Denver, CO. We’re each licensed as attorneys and also CPAs, and between us, we hold nine college degrees. We help our clients get the best results because we work well with their trusted advisors — CPAs, financial pl…

Tax Boss


    • Jul 19, 2023 LATEST EPISODE
    • monthly NEW EPISODES
    • 13m AVG DURATION
    • 27 EPISODES


    Search for episodes from Tax Boss Podcast with a specific topic:

    Latest episodes from Tax Boss Podcast

    Episode 28: Family Trespassing in Florida

    Play Episode Listen Later Jul 19, 2023 3:49


    What do you do when you have a family member who is breaking major boundaries and trespassing? Merrell discusses Florida 810.02 which defines the offense of "trespass in structure or conveyance" and some practical considerations if you have relatable family drama.

    Episode 27: How to Make an Offer in Compromise to the IRS

    Play Episode Listen Later Jul 7, 2023 4:16


    Attorney Merrell Bailey details the steps for cleaning up a hot mess with the IRS and making your Offer in Compromise (OIC).

    offer irs offer in compromise
    Episode 26: Changing Cause of Death on a Death Certificate

    Play Episode Listen Later Jun 23, 2023 3:00


    Attorney Merrell Bailey details the steps necessary to change cause of death on a death certificate.

    Setting Up a Corporation

    Play Episode Listen Later Jun 9, 2023 3:16


    Setting up a corporation for your asset protection and the importance of keeping records.

    Episode 24: Gift Tax Rules for 2023

    Play Episode Listen Later May 11, 2023 3:51


    If you have a taxable estate, there are ways to maximize your gifting without subtracting from your lifetime exemption!

    Episode 23: Common Law Marriage

    Play Episode Listen Later Oct 11, 2021 18:52


    Merrell Bailey and Krystal Woodbury discuss how common law marriages pass from one state to another, the burden of proof, and why sometimes you just may want to get married.

    common law marriage
    Employee or Independent Contractor?

    Play Episode Listen Later Apr 8, 2021 30:16


    Are you sure that your independent contractor is not at employee? Krystal and Merrell discuss Uber, and the very fine and grey lines between employees, independent contractors and statutory employees.

    Episode 21: FDIC Insurance

    Play Episode Listen Later Dec 3, 2020 17:29


    If you or your clients have recently liquidated assets, and you're wondering about FDIC insurance, you're not alone. Krystal and Merrell break down everything you need to know about deposits, what is and isn't covered, and how the $250,000 limit is applied to multiple account owners and beneficiaries.

    Episode 20: The Biden Administration Proposed Tax Code Changes

    Play Episode Listen Later Nov 23, 2020 19:14


    Merrell and Krystal discuss the proposed tax plan under the Biden administration. Most proposed changes affect those individuals with taxable income rates over $400,000. There are also substantial changes for investors and corporations, and changes to the gift and estate tax codes. Among other tax credit changes, Biden's first time homebuyers' credit would provide up to $15,000.

    Episode 19: Paying an employee a consulting fee for performing the same work

    Play Episode Listen Later Nov 12, 2020 10:41


    The New York Times matched a consultant payment of $747,622 deducted by President Trump to an income item on Ivanka Trump's disclosure forum. The payments allegedly were for consulting work on projects that Ivanka already was being paid for as an employee. Krystal and Merrell discuss what is legal and tax efficient.

    Episode 18: 18 and On Your Own

    Play Episode Listen Later Sep 9, 2020 26:09


    Young adults. They're still your children, but legally they're not (under the law). What are your options?

    Episode 17: Real Estate Fails

    Play Episode Listen Later Apr 21, 2020 15:12


    Merrell and Krystal give examples of real estate fails and how they show up during probate.

    Episode 16: Estate plans, legal docs and health care proxies during Covid-19

    Play Episode Listen Later Apr 4, 2020 22:22


    If you haven't done your estate planning (which includes legal documents that allow someone to handle your affairs in the event of an emergency)don't panic; however, now is a really good time to get them done. We talk about remote options and some of your most common concerns during the coronavirus pandemic.

    Episode 15: Coronavirus Resources for Small Business

    Play Episode Listen Later Apr 3, 2020 8:10


    Merrell and Krystal share what they know about Coronavirus relief for small businesses.

    Episode 14: Grief

    Play Episode Listen Later Mar 24, 2020 10:00


    Merrell and Krystal discuss grief, the role of sleep, and things advisors can do for their clients.

    Episode 13: The SECURE Act and Your Client's Estate Plan

    Play Episode Listen Later Mar 9, 2020 19:16


    The SECURE Act of 2020 (Setting Every Community Up for Retirement): is changing retirement, and may change how your wealth is distributed; it may require a check-in with your estate planner to adjust your estate plan's language and/or structure to do what you originally wanted it to; or require a check-in with the estate planner and other financial professionals in your client's sphere if you're an advisor.

    retirement secure act estate plan setting every community up
    Episode 12: Estate Planning through Beneficiary Designations

    Play Episode Listen Later Jan 24, 2020 8:26


    When is estate planning through beneficiary designations a good idea? Merrell and Krystal discuss the very particular situations and criteria that makes this a safe estate planning tool.

    Episode 11: Planned Giving, Gift Tax Limits and Other Options

    Play Episode Listen Later Dec 24, 2019 13:46


    Merrell and Krystal discuss gift tax limits (currently $15k in 2019), how spouses can combine their limits, and other gifts that won't count toward that limit and may be better options.

    Episode 10: Gifting DNA Testing

    Play Episode Listen Later Dec 9, 2019 11:13


    Thinking about doing some DNA testing for fun this holiday season? What if you find new relatives - or if they find you? How does that impact your estate plan? How can you take ownership of, and control, your test results?

    Episode 9: When Your Client Doesn't Want What's in Their Best Interests

    Play Episode Listen Later Nov 14, 2019 9:12


    Episode 9: When Your Client Doesn't Want What's in Their Best Interests by Tax Boss

    Episode 8: Death & Dignity

    Play Episode Listen Later Oct 17, 2019 15:05


    Merrell and Krystal discuss Death with Dignity statutes and how they approach these situations as estate planners. What pressures exist for the elderly? What about considerations for young adults trying to make this decision?

    Episode 1: Who Is My Client

    Play Episode Listen Later Jul 8, 2019 19:35


    In this episode of Tax Boss, we discuss the age-old question, "Who Is My Client," and when a bunch of people show up, how do you know who to throw out of the room?

    Episode 2: Death

    Play Episode Listen Later Jul 8, 2019 11:54


    In this episode of Tax Boss, we discuss the death of a client and information necessary to complete funeral home paperwork.

    Episode 3: Do-Not-Resucitate

    Play Episode Listen Later Jul 8, 2019 24:37


    In this episode of Tax Boss we discuss DNR orders, physicians orders for life-saving treatment, healthcare surrogates, living wills, and the difference between all of them.

    Episode 4: Portability in Estate Planning

    Play Episode Listen Later Jul 8, 2019 10:09


    In this episode of Tax Boss we discuss portability and estate planning.

    Episode 6: Solvency Certificates

    Play Episode Listen Later Jul 8, 2019 8:32


    In this episode of Tax Boss, we discuss solvency certificates and why attorneys request them.

    Episode 7: Gift Tax

    Play Episode Listen Later Jul 8, 2019 10:13


    In this episode of Tax Boss, we discuss gift tax and how to help your clients make friends by giving their wealth away.

    Claim Tax Boss Podcast

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel