Podcasts about federal income tax

Form of taxation in the United States

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Best podcasts about federal income tax

Latest podcast episodes about federal income tax

Cloud Accounting Podcast
The IRS Agents Who Will Watch OnlyFans At Work

Cloud Accounting Podcast

Play Episode Listen Later Dec 15, 2025 59:36


Will IRS agents have to watch OnlyFans to police the new “no tax on tips” deduction? Blake and David unpack the wild twist: a study showing that women-led audit teams deliver higher-quality work at lower fees, and why AI could finally kill the billable hour. They hit PCAOB's AI/PE crackdown, KPMG's AI exam cheating, AI‑written financial reports, Meta's off‑balance‑sheet data center, the IRS Math Act, and new child investment accounts. Walk away with policy context and practical tech takeaways.SponsorsOnPay - http://accountingpodcast.promo/onpayACFE - http://accountingpodcast.promo/acfe Cloud Accountant Staffing - http://accountingpodcast.promo/casChapters(01:15) - New Tax Deduction for Digital Content Creators (02:27) - IRS Agents and OnlyFans Content (04:39) - IRS Telework Policy Changes (06:15) - Earmark CPE and Listener Interaction (09:25) - President's Statement on Federal Income Tax (13:15) - IRS Math Act and Senator Justice's Tax Issues (16:03) - Trump Accounts and PCAOB Scrutiny on AI (24:20) - Audit Quality and Gender Diversity (28:30) - KPMG AI Cheating Scandal (30:51) - AI's Impact on Time Savings in Various Industries (32:56) - The Role of AI in Accounting and Its Limitations (34:26) - AI in Financial Reporting and Business Processes (36:44) - The Decline of the Billable Hour Due to AI (47:01) - Meta's Controversial Accounting Practices (50:56) - Pilot's New Partner Program for Accountants (58:58) - Conclusion and Final Thoughts  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Big Picture Retirement
The Federal Income Tax: Coming to an End?

Big Picture Retirement

Play Episode Listen Later Dec 8, 2025 31:19


In this episode, we break down the headlines about eliminating the federal income tax, $2,000 tariff-funded checks, and "no taxes below $150,000." We look at the math, the Supreme Court challenges, and what these proposals would actually mean for retirees. Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

Traveling To Consciousness
Pete Hegseth Commits War Crimes, Somalia Deportation Clash, No Federal Income Tax | Ep 392

Traveling To Consciousness

Play Episode Listen Later Dec 5, 2025 23:03


Summary In this episode, Clayton Cuteri explores various pressing topics, including the collapse of peace talks between Russia and Ukraine, military controversies surrounding U.S. Defense Secretary Pete Hegseth, and economic policies proposed by Trump. He also discusses immigration issues, the introduction of digital IDs, and the importance of financial literacy through Indigo education. The conversation emphasizes the need for understanding spirituality and the socio-political landscape. Clayton's Social Media LinkTree | TikTok | Instagram | Twitter (X) | YouTube | RumbleTimecodes 00:00 - Intro00:34 - Current Events and Global Tensions03:29 - Military Controversies and Accountability09:25 - Economic Policies and Taxation11:10 - Immigration and National Identity16:52 - Philanthropy and Economic Empowerment18:44 - Indigo Education and Spiritual GrowthIntro/Outro Music Producer: Don Kin IG: https://www.instagram.com/donkinmusic/Spotify: https://open.spotify.com/artist/44QKqKsd81oJEBKffwdFfPSuper grateful for this guy ^NEWSLETTER - SIGN UP HEREBecome a supporter of this podcast: https://www.spreaker.com/podcast/traveling-to-consciousness-with-clayton-cuteri--6765271/support.Official Traveling to Consciousness Website HEREALL Indigo Education Podcasts HEREMy Book: The Secret Teachings of Jesus HERE

The Voice of Reason with Andy Hooser
Dr. Nelva Lee: Trump Admin Cabinet Meeting, Ending Federal Income Tax, and Healthcare/Education Reforms

The Voice of Reason with Andy Hooser

Play Episode Listen Later Dec 2, 2025 36:50


Guest Dr. Nelva Lee, candidate for Superintendent of Schools in GA, joins to discuss state run vs federal healthcare programs, reforming public education, ending the federal department of education, and more.  Trump admin holds last cabinet meeting of 2025. Discussion of progress in nation on multiple levels, economic growth in the country, and cutting federal debt. Could the Trump team end federal income tax due to tariffs and business investments?  Minnesota under investigation for near 50% of visas being fraudulent? 

Finishing Well
How Federal Income Tax is Applied to Social Security

Finishing Well

Play Episode Listen Later Nov 29, 2025 28:03


Hans and Robby are back again this week with a brand new episode! This week, they discuss how federal income tax is applied to social security.  Don't forget to get your copy of "The Complete Cardinal Guide to Planning for and Living in Retirement" on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com. Find us on YouTube: Cardinal Advisors.

Finishing Well
2026 Federal Income Tax - Brackets and Rates

Finishing Well

Play Episode Listen Later Nov 22, 2025 28:17


Hans and Robby are back again this week with a brand new episode! This week, they discuss federal income tax brackets and rates for 2026.  Don't forget to get your copy of "The Complete Cardinal Guide to Planning for and Living in Retirement" on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com. Find us on YouTube: Cardinal Advisors.

Chairman's Report
The Cost of the Federal Income Tax System

Chairman's Report

Play Episode Listen Later Sep 26, 2025 7:47


In this week's Chairman's Report, AFFT president Steve Hayes looks at some staggering figures uncovered by the Tax Foundation regarding how much the federal income tax system really costs the American people in both time and money.

M&A Talk (Mergers & Acquisitions), by Morgan & Westfield
Can you sell your business and pay $0 in federal income tax?

M&A Talk (Mergers & Acquisitions), by Morgan & Westfield

Play Episode Listen Later Sep 17, 2025 37:41


Did you know that a tax benefit, the Qualified Small Business Stock (QSBS) tax exclusion, can save you millions? Discover how properly structuring your company from the start can lead to a tax-free sale of your C Corporation, potentially saving you millions. You'll learn the crucial steps to take now to prepare for a successful and highly profitable exit later. View the complete show notes for this episode. Want To Learn More? Allocation of Purchase Price & Taxes When Selling a Business Business Exit Plan & Strategy Checklist | A Complete Guide Why You Need to Consider Taxes Before Selling Your Business Additional Resources: Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

Arizona's Morning News
Back on this day in 1861 Abraham Lincoln imposed the first Federal Income Tax

Arizona's Morning News

Play Episode Listen Later Aug 5, 2025 2:07


Back on this day in 1861 Abraham Lincoln imposed the first Federal Income Tax. It was an effort to fund the Civil War effort, and lawmakers agreed to impose a 3% tax on incomes over $800.  KTAR Timeline is brought to you by Beatitudes Campus. 

Passive Cash Flow Podcast
PAY ZERO Federal Income Tax Legally?

Passive Cash Flow Podcast

Play Episode Listen Later Jul 14, 2025 35:18


If you're looking to pay ZERO federal Income tax then this episode is for you. Isaac Weinberger joins the Passive Cash Flow Podcast and breaks it down. He is a visionary tax advisor and Cost Segregation Expert Advisor, whose mission is to help property owners reduce tax liabilities and build meaningful connections in the real estate industry. Specializing in cost segregation, he strategically allocates property costs to accelerate tax deductions, having helped clients offset over $200,000,000 in tax liabilities.Beyond his professional accomplishments, Isaac is passionate about networking and fostering relationships within the real estate community. He's a recognized figure invited to share insights on podcasts and live shows. Isaac is also the founder of "Tuesday Connections," a virtual real estate networking event. He is dedicated to assisting clients by helping them find equity, secure off-market deals, and foster beneficial partnerships. In essence, Isaac is more than an expert; he's a friend, advocate, and connector committed to maximizing tax benefits and building lasting relationships in real estate.#federalincometax  #realestatetax  #costsegregation 0:00:00 - Introduction & The Trump Tax Strategy 0:05:05 - The Unique Value of Cost Segregation 0:10:08 - Why Real Estate Tax Incentives Exist 0:15:00 - Understanding Real Estate Professional (REP) Status 0:20:28 - The "Lazy 1031" & Bonus Depreciation Changes 0:25:05 - The History & Future of Bonus Depreciation 0:30:10 - Economic Benefits & Final Thoughts 0:33:01 - How to Connect with Isaac WeinbergerContact Info: website: isaacweinberger.madisonspecs.comEmail:   iweinberger@madisonspecs.comEnhance your real estate investing knowledge !Learn more at https://www.peoplescapitalgroup.com/Website - https://www.peoplescapitalgroup.com/Facebook- https://www.facebook.com/profile.php?id=100093318587146Instagram - https://www.instagram.com/real_estate_investments_nj/?hl=enX- https://x.com/PCGrealestateLinkedin- https://www.linkedin.com/company/peoples-capital-groupYoutube - https://www.youtube.com/channel/UCCeJh5UgrdBDOabr2YLbAHgThis is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.Support the show

Patriots With Grit
399. Stop Funding Waste and Fraud-Who Exactly Is Required To Pay Federal Income Tax? | Peymon Mottahedeh

Patriots With Grit

Play Episode Listen Later Jun 25, 2025 43:54


Find out who actually is required to pay federal income tax. You might want to see what's in store. Could it possibly improve your financial situations?https://FreedomLawSchool.org/GRIT--------------------------Check out all of our vendors at: https://patriotswithgrit.com/patriot-partners/ SPONSORS FOR THIS VIDEO❤️ Cardio Miracle - Boost your energy, help support your immune system, and improve your mental clarity-plus use promo code GRIT and save 10% on your order https://cardiomiracle.myshopify.com/discount/GRIT➡️ RNC Store- Immunity is your first line of defense and laetrile/B17 from Richardson Nutritional Center can provide you with natural health supplements to improve your wellness. - Use promo code GRIT and save 10% on your order https://rncstore.com/GRIT

The Truth Quest Podcast
Ep. 329 - The Truth About 1913

The Truth Quest Podcast

Play Episode Listen Later Apr 20, 2025 25:32


Six years ago, Congressman Thomas Massie posted a Tweet nominating 1913 as the worst year ever for American government due to the ratification of the Sixteenth and Seventeenth Amendments and the establishment of the Federal Reserve. In this episode, we evaluate Massie's claim by examining all three of these creations. Show Notes Instagram | Truth Social | GETTR | Twitter | GAB | Apple | Rumble | BitChute -------------------------------- Thomas Massie Tweet - #WorstYearEver Truth Quest Podcast Episodes Episode #64 - The Truth About the Federal Income Tax and the Sixteenth Amendment Episode #306 - The Truth About the Seventeenth Amendment Federal Reserve / Inflation / Sound Money: Episode #27 - The Truth About the Federal Reserve - An Intro  Episode #28 - The Truth About the Federal Reserve - The Results Episode #62 - The Truth About Gold and Sound Money Episode #162 - The Truth About Nixon's Closure of the Gold Window Episode #224 - The Truth About the Federal Reserve: A Primer Episode #211 - The Truth About Inflation in Under 15 Minutes - Soup, Bread and Rockets Episode #327 - The Truth About How to End the Fed -------------------------------- Support the podcast by shopping at the Truth Quest Shirt Factory. Check out our "End the Fed" shirt, inspired by this episode.  With each shirt design there will be an explanation of what to expect from those inquisitive or brave enough to ask you about it. In most cases there are links to podcast episodes that will deepen your understanding of the importance of each phrase. We hope you take the challenge of wearing these shirts in public. Rest assured that you will be well-equipped with the rhetorical tools to engage in conversation and/or debate.  Good luck! And thanks for supporting the Truth Quest Podcast!

The Situation with Michael Brown
4-17-25 - 7am - Death of Federal Income Tax and Abrego Garcia

The Situation with Michael Brown

Play Episode Listen Later Apr 17, 2025 34:22 Transcription Available


The Health Ranger Report
Brighteon Broadcast News, Apr 9, 2025 – BARIUM FALLOUT confirmed in U.S. skies, and China RETALIATES against Trump's tariffs

The Health Ranger Report

Play Episode Listen Later Apr 9, 2025 116:29


- Brighton.com AI Engine and N95 Mask Analysis (0:00) - Special Reports and Interviews (1:50) - Trump's Military Budget and Economic Crisis (4:21) - Barium in Chemtrails and Nuclear Waste (5:56) - Facebook Marketplace and Trump's Tariffs (41:05) - Trump's Tariffs and Economic Impact (43:31) - Interview with Paymon from Freedom Law School (1:15:12) - Conclusion and Call to Action (1:15:30) - Non-Filers and Myths About Income Tax (1:20:44) - The Power of the 1040 Form (1:27:09) - The Deep State and Corrupt Institutions (1:30:46) - Federal Income Tax as a Tariff (1:32:44) - The Impact of Money Printing and Inflation (1:36:28) - Trump's Intention to Eliminate the IRS (1:43:12) - The Role of Accountants and Doctors (1:50:10) - The Importance of Free Speech and Legal Knowledge (1:50:28) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

ABL Live!
ABL Live! (3.15.25) Raheem Still Can't Read!

ABL Live!

Play Episode Listen Later Mar 16, 2025 194:56


On this episode of ABL Live, we covered a variety of topics, including the proposal from Commerce Secretary Howard Lutnick calling for zero Federal Income Tax on Americans making under $150,000 per year, the massive Department of Education cuts, the "trade war" between the US and Canada based on tariffs, rapper Lil Yachty taking a proverbial flamethrower to Black Lives Matter also known as BLM, and much more!

Law School
Federal Income Tax Law: Overview, Review and Summary

Law School

Play Episode Listen Later Mar 2, 2025 19:23


This podcast summarizes lectures on federal income taxation, covering foundational principles, deductions, credits, reporting, advanced topics, and exam preparation.Key points include:Historical and constitutional basis of US taxation.Definition of gross income and exclusions.Filing statuses and their impact.Deductions (above-the-line and below-the-line) and tax credits (refundable and nonrefundable).Capital gains and losses.Filing requirements and penalties.Taxation of business entities (sole proprietorships, partnerships, LLCs, S corporations, C corporations).Tax planning versus tax evasion.Exam preparation strategies, including the IRAC method.The document emphasizes the complexity of the US tax system, the importance of accurate record-keeping, and the need for ethical tax planning.Key Takeaways:The US federal income tax system is complex and requires a strong understanding of the IRC, regulations, and case law.Deductions and credits play a crucial role in determining a taxpayer's final tax liability.Taxpayers must maintain accurate records to support their claims for deductions and credits.Tax planning strategies can be used to minimize tax liability, but it is important to distinguish between legitimate tax avoidance and illegal tax evasion.The choice of business entity has significant tax implications.A systematic approach is essential for analyzing complex tax scenarios on exams and in practice.

Law School
Federal Income Tax Lecture 3 (Part 2): Advanced Topics, Strategies, and Exam-Focused Review

Law School

Play Episode Listen Later Mar 1, 2025 29:16


This lecture script provides an overview of advanced topics in Federal Income Tax, strategies, and exam-focused advice It recaps foundational principles like gross income, deductions, and tax credits.Key areas covered include:Taxation of Business Entities: Sole proprietorships (flow-through to owner's return), partnerships and LLCs (pass-through treatment, K-1 forms), S corporations (pass-through with reasonable salary requirement), and C corporations (double taxation).Tax Planning vs. Tax Evasion: Differentiating between lawful planning (deferral of income, characterizing income, entity choice) and illegal schemes (sham transactions, fraudulent deductions, abusive tax shelters).Additional Planning Considerations: Timing of deductions and income, Net Operating Losses (NOLs), and estate and gift tax implications.The lecture emphasizes a systematic approach to exam questions:Identify the character of income.Check for gross income exclusions.Look for deductions and credits.Explore special doctrines.Compute taxable income and final tax.Spot potential penalties.It also identifies potential pitfalls like hobby vs. business, basis confusion, and classification of gains. The lecture uses an extended hypothetical to demonstrate the synthesis of these topics. The script concludes with final exam tips, including staying methodical, looking for red flags, considering policy rationales, using the IRAC method, and practicing hypotheticals.

Law School
Federal Income Tax Lecture 3: Advanced Topics, Strategies, and Exam-Focused Review

Law School

Play Episode Listen Later Feb 28, 2025 19:51


This third lecture expands on prior lessons about Federal Income Tax by delving into more complex issues, the strategic use of tax rules, and practical exam-oriented approaches. It begins by recalling the foundational principles—gross income, deductions, credits, and reporting—then shows how these concepts apply at a deeper level.A key section addresses business entities and how their choice affects federal taxation. Sole proprietorships are reported on an individual's tax return (Schedule C), whereas partnerships and multi-member LLCs pass profits and losses through to partners, who then file informational returns and get Schedule K-1 forms. S corporations, requiring a special election, also pass income through but may help certain owner-employees split compensation between salary (subject to payroll tax) and distributions (not subject to self-employment tax). C corporations are taxed at the corporate level and may trigger “double taxation” when earnings are distributed as dividends.Moving on, the lecture explores tax planning and distinguishes it from illegal tax evasion. Legitimate planning may involve deferring income, characterizing gains as capital instead of ordinary, or selecting an entity structure that reduces the combined tax burden. However, transactions without economic substance or aimed solely at generating artificial losses cross into forbidden territory, raising red flags for the IRS under doctrines like “substance over form” or “economic substance.”The lecture highlights special planning considerations such as the timing of deductions and income, the use of Net Operating Losses (NOLs) to offset future (or past) taxable income, and how estate and gift taxation interplay with income tax (e.g., basis step-ups for inherited property). This discussion emphasizes how tax law's annual accounting framework can be leveraged—through year-end strategies, for example—to manage a taxpayer's marginal rates.A substantial part of the lecture focuses on exam strategy. Students learn to methodically identify the type of income (wages, capital gains, pass-through K-1 amounts) and check for relevant exclusions, permissible deductions, and potential credits. They must verify whether specialized rules (like depreciation recapture or the Alternative Minimum Tax) arise, and see if a business expense is legitimate or a personal cost disguised as a deduction. Clear IRAC-style writing is recommended: state the Issue, the governing Rule (citing relevant Code sections or doctrines), apply the facts carefully, then conclude.An extended hypothetical ties these advanced topics together, showing how owners in a partnership or LLC might claim or lose deductions, track basis, or consider an S corp election. By analyzing such scenarios step by step—determining entity-level vs. individual taxation, differentiating legitimate business expenses from personal ones, and weighing additional complexities like basis or recapture—students refine their abilities to address multi-layered fact patterns.In closing, the lecture underscores that while earlier sessions covered fundamentals (formation, exclusions, deductions, and credits), these advanced concepts highlight the strategic dimension of tax law. By mastering how business entities differ, how lawful planning can reduce taxes, and how to identify unscrupulous maneuvers, students can confidently tackle intricate exam questions. The central theme is to remain systematic and fact-driven, ensuring that each transaction meets the relevant legal requirements.

Law School
Federal Income Tax Lecture 2 (Part 2): Deductions, Credits, and Reporting

Law School

Play Episode Listen Later Feb 27, 2025 23:55


This lecture provides an overview of deductions, tax credits, and reporting requirements relevant to federal income tax.Deductions reduce taxable income. Above-the-line deductions, such as IRA contributions and student loan interest, impact Adjusted Gross Income (AGI). Below-the-line deductions include itemized deductions like medical expenses, state and local taxes (SALT, capped at $10,000), mortgage interest, and charitable contributions, or the standard deduction. Business expenses that are ordinary and necessary are deductible. Taxpayers can deduct capital losses against capital gains and, to a limited extent ($3,000), against ordinary income.Tax credits reduce the final tax bill dollar for dollar and are more valuable than deductions. Nonrefundable credits, like the foreign tax credit and the child and dependent care credit, can reduce tax liability to zero. Refundable credits, such as the Earned Income Tax Credit (EITC) and the child tax credit, can result in a refund. Many credits have phaseouts based on income levels.Capital gains and losses can impact deductions because losses can offset gains and, to a degree, ordinary income. Short-term capital gains are taxed at ordinary income rates, while long-term gains are taxed at preferential rates.Filing and reporting is done via Form 1040, with schedules for itemized deductions (Schedule A), business income (Schedule C), and capital gains/losses (Schedule D). Taxpayers must keep records to substantiate claims. Penalties exist for underpayment, non-filing, and fraud. The Alternative Minimum Tax (AMT) ensures high-income individuals pay a minimum level of tax by disallowing certain deductions.An example illustrates how to apply these concepts, including calculating above-the-line deductions, choosing between itemized and standard deductions, and determining eligibility for credits.Key steps for answering exam scenarios: identify income sources, subtract above-the-line deductions to get AGI, decide whether to itemize, factor in credits, consider capital gains/losses, and watch for specialized situations like AMT.

Law School
Federal Income Tax Lecture 2: Deductions, Credits, and Reporting

Law School

Play Episode Listen Later Feb 26, 2025 19:09


The lecture begins by explaining deductions, emphasizing the fundamental split between above-the-line and below-the-line deductions. Above-the-line deductions, such as contributions to certain retirement accounts and student loan interest, come off a taxpayer's gross income to yield Adjusted Gross Income (AGI). Because many credits and phaseouts use AGI thresholds, these deductions can influence eligibility for various tax benefits. Below-the-line deductions include either the standard deduction or itemized deductions like mortgage interest, state and local taxes (SALT), medical expenses above a certain AGI percentage, and charitable contributions. Taxpayers must determine which approach—standard or itemized—provides the larger benefit. Business deductions for trade or business expenses are allowed if the costs are ordinary and necessary, but purely personal or capital expenses are treated differently, often requiring capitalization and depreciation.A second area of focus is the difference between tax deductions and tax credits. While deductions reduce the amount of income subject to taxation, credits reduce the final tax owed. Credits typically appear in two main forms: nonrefundable credits, which can reduce a taxpayer's liability to zero but not below it, and refundable credits, which can generate a refund even if the taxpayer's liability is already at zero. Examples include the Earned Income Tax Credit (EITC) for lower-income workers and the American Opportunity Tax Credit for education-related expenses. Each credit may feature phaseouts once a taxpayer's income passes certain thresholds.The lecture also explores capital gains and losses, covering the difference between short-term gains (taxed at ordinary rates) and long-term gains (often taxed at preferential rates). Netting processes allow short-term losses to offset short-term gains and long-term losses to offset long-term gains, with excess losses partially usable against other income. This interplay with deductions is crucial: capital losses can reduce other income to a limited degree, shaping a taxpayer's overall liability.Moving on to tax filing and reporting requirements, the lecture details the forms and schedules that structure how individuals declare income, deductions, and credits. Form 1040 is the primary return, supported by schedules such as Schedule A for itemized deductions, Schedule C for sole proprietor business income, and Schedule D for capital transactions. The text underscores the importance of maintaining documentation—receipts, logs, and official acknowledgments—to validate any claimed deductions or credits. Audits and penalties can follow if taxpayers cannot substantiate their positions. Failure-to-file and failure-to-pay penalties accrue when deadlines are missed, while accuracy-related penalties may be imposed if the IRS discovers substantial understatements or fraudulent behavior.Another element is the Alternative Minimum Tax (AMT), a parallel system designed to prevent high-income taxpayers from disproportionately lowering their tax via various exclusions or preferences. Under the AMT regime, certain itemized deductions are limited or disallowed, and a specific exemption amount phases out at higher income levels. Taxpayers pay whichever tax (regular or AMT) is higher.An extended hypothetical scenario illustrates how these principles fit together in practice: A taxpayer might reduce AGI using above-the-line deductions (like student loan interest or retirement contributions), choose whether to itemize or use the standard deduction, and claim relevant credits (for child care, education, or energy). The presence of side-business income, capital gains, or questionable business expenses can complicate the return. Exam questions often require step-by-step analysis: begin with total income, subtract relevant deductions, confirm whether itemizing surpasses the standard deduction, factor in credits, and determine final tax or refund.

Law School
Federal Income Tax Lecture 1 (Part 2): Foundations of Federal Income Taxation.

Law School

Play Episode Listen Later Feb 25, 2025 22:14


This podcast provides an overview of federal income taxation, beginning with the historical and constitutional basis, particularly the Sixteenth Amendment, which granted Congress the power to tax income without apportionment. The lecture then discusses the roles of the IRS and Treasury Department. The main sources of tax law are the Internal Revenue Code (IRC), Treasury Regulations, Revenue Rulings, Revenue Procedures, and Judicial Decisions. Beyond raising revenue, tax policy is shaped by considerations such as encouraging homeownership or environmental responsibility.Gross income, as defined in IRC Section 61, includes "all income from whatever source derived" unless specifically excluded. Common examples are wages, salaries, interest, dividends, business income, and capital gains. Illegal income, gambling winnings, and prizes are also included. The Supreme Court defines gross income as undeniable accessions to wealth, clearly realized, and over which the taxpayers have complete dominion.Exclusions from gross income include gifts, inheritances, life insurance proceeds, certain fringe benefits, and municipal bond interest. Cancellation of Debt (COD) income is usually included unless it occurs during bankruptcy or insolvency.Filing statuses include single, married filing jointly or separately, head of household, and qualifying widow(er), which affect tax brackets, standard deductions, and credit eligibility. The U.S. tax system is progressive, meaning the marginal tax rate increases as income rises.The tax system encourages or discourages behaviors through charitable deductions, mortgage interest deductions, and retirement savings incentives. Tax considerations are integral to estate planning and business transactions.A hypothetical scenario illustrates these principles with an individual who has wages, side gig income, dividends, an inheritance, and installs solar panels. The analysis involves determining filing status, calculating gross income while considering exclusions, and identifying potential tax credits.

Law School
Federal Income Tax Lecture 1: Foundations of Federal Income Taxation

Law School

Play Episode Listen Later Feb 24, 2025 17:49


This lecture begins by outlining the historical and constitutional roots of the federal income tax. Early in American history, the federal government used excise taxes and tariffs to raise revenue, and only in special circumstances, such as the Civil War, did it introduce temporary income taxes. The Sixteenth Amendment in 1913 dramatically shifted the legal landscape, giving Congress the authority to impose an income tax without the need for apportionment among the states. This development paved the way for modern federal income taxation, removing most constitutional barriers that had previously hindered direct taxation of individual incomes.Next, the lecture covers how the federal tax system is organized. The Internal Revenue Service (IRS) enforces tax laws and issues guidance, while the Treasury Department oversees both the IRS and broader financial policies. Various authorities define tax law: the Internal Revenue Code (IRC) enacted by Congress; Treasury Regulations that interpret and clarify the Code; official Revenue Rulings and procedures from the IRS; and judicial decisions at multiple levels, including the U.S. Tax Court, district courts, courts of appeal, and potentially the Supreme Court. Together, these sources form a complex legal framework that practitioners must navigate.Tax policy goals also factor into the system's structure. While the primary purpose of taxation is to fund government operations, Congress uses the tax code to shape economic and social behavior, encouraging homeownership via mortgage interest deductions or fostering charitable giving through donation write-offs. This means that the Code is more than just a revenue-raising tool; it's also a mechanism for incentivizing and discouraging certain activities.A significant portion of the lecture is devoted to gross income, a concept anchored by IRC Section 61. This broad definition—“all income from whatever source derived”—captures wages, business profits, interest, dividends, rents, and many other forms of economic gain. Even illegal proceeds and certain prizes count as gross income, reflecting the principle that if a taxpayer obtains a clear economic benefit, it is presumed taxable. Nevertheless, there are notable exclusions: gifts, inheritances, certain fringe benefits, and life insurance proceeds are among the items that Congress or the courts have decided should not be included in gross income. Sometimes, these exclusions further a policy objective, such as not penalizing individuals receiving gifts or not taxing life insurance benefits that mitigate financial burdens upon death.The lecture then introduces the importance of filing status: single, married filing jointly, married filing separately, head of household, and qualifying widow(er). Each status affects how taxpayers fall into brackets in the progressive tax system, where higher marginal rates apply to additional increments of income. The system aims to tax those with greater resources more heavily, though fairness and efficiency debates remain. Thus, individuals with the same gross income may pay different effective tax rates, influenced by both filing status and the presence of deductions or credits.Finally, the lecture underscores the policy rationales embedded in the tax code. Deductions for retirement contributions or energy-efficient home improvements reveal the government's intent to channel societal behaviors. Because these incentives directly affect how people earn, save, and invest, attorneys and other professionals must understand both the letter of the law and the broader purpose it serves.Overall, Lecture 1 underscores that modern federal income taxation rests on a constitutional foundation, shaped by the Sixteenth Amendment, enforced by a multi-tier system of statutes, regulations, and court rulings, and guided by deliberate policy goals. The core concept of “gross income”—and the many exceptions that reduce it—forms the building block for tax liability calculation

The Radcast with Ryan Alford
DeepSeek Turns into DeepSink for US Stock Market Written by Ryan

The Radcast with Ryan Alford

Play Episode Listen Later Jan 31, 2025 42:56


In today's episode of Weekly News, hosts Ryan Alford and Chris Hansen discuss current business and marketing news. They cover TikTok's rapid resurgence, the impact of China's new AI technology Deep Seek on the stock market, and its geopolitical implications. The duo also examines the state of the cryptocurrency market, focusing on Bitcoin and XRP, and the challenges of resume honesty in job applications. The episode blends humor with serious analysis, offering listeners a thought-provoking exploration of the fast-paced world of business and technology.TAKEAWAYSRapid news cycle and its impact on business and marketing.Recent performance and resurgence of TikTok.Introduction and implications of the Chinese AI technology Deep Seek on the stock market.Geopolitical tensions between the U.S. and China due to technological advancements.Economic ramifications of Deep Seek's success on U.S. tech companies.Current state of the cryptocurrency market, focusing on Bitcoin and XRP.Challenges of resume honesty and the prevalence of embellishments in job applications.Discussion on interest rates and the Federal Reserve's economic strategies.Examination of taxation, government spending, and potential reforms.Exploration of the idea of eliminating federal income tax and alternative revenue sources. If you enjoyed this episode and want to learn more, join Ryan's newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE. Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding. Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel www.youtube.com/@RightAboutNowwithRyanAlford.

The
"Can You Legally Stop Paying Federal Income Tax?" with Peymon Mottahedeh (WiM550)

The "What is Money?" Show

Play Episode Listen Later Jan 31, 2025 111:20


// GUEST //Freedom Law Website: ⁠https://www.freedomlawschool.org/⁠Peymon X: ⁠https://x.com/PeymonFreedom⁠ // SPONSORS //The Farm at Okefenokee: ⁠https://okefarm.com/⁠Heart and Soil Supplements (use discount code BREEDLOVE): ⁠https://heartandsoil.co/⁠In Wolf's Clothing: ⁠https://wolfnyc.com/⁠NetSuite: ⁠https://netsuite.com/whatismoney⁠On Ramp: ⁠https://onrampbitcoin.com/?grsf=breedlove⁠Mindlab Pro: ⁠https://www.mindlabpro.com/breedlove⁠Coinbits: ⁠https://coinbits.app/breedlove⁠Emerge Dynamics: ⁠https://emergedynamics.com/breedlove⁠ // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: ⁠https://www.efani.com/breedlove⁠Noble Protein (discount code BREEDLOVE for 15% off): ⁠https://nobleorigins.com/⁠Lineage Provisions (use discount code BREEDLOVE): ⁠https://lineageprovisions.com/?ref=breedlove_22⁠Colorado Craft Beef (use discount code BREEDLOVE): ⁠https://coloradocraftbeef.com/⁠ // SUBSCRIBE TO THE CLIPS CHANNEL //⁠https://www.youtube.com/@robertbreedloveclips2996/videos⁠ // OUTLINE //0:00 - WiM Intro1:14 - How Peymon Has Avoided Federal Income Tax for 30 Years6:03 - What the Law Really Says About Federal Income Tax11:22 - Can W-2 Employees Legally Stop Paying Income Tax?18:37 - Is This Just Snake Oil?22:07 - The Farm at Okefenokee23:17 - Heart & Soil Supplements24:17 - Is Form 1040 a Legal Trap?26:45 - If This Is True, Why Isn't Everyone Doing It?31:28 - Could Trump Actually Abolish the IRS?33:50 - The Reality of Immigrating to the USA43:20 - America: Expectation vs. Reality47:30 - How the Federal Reserve and IRS Were Founded50:18 - Helping Lightning Startups with In Wolf's Clothing51:11 - On-Ramp Bitcoin Custody52:33 - Who is Joe Bannister?57:43 - Is Spiritual Warfare Behind the Tax System?1:11:04 - NetSuite: Business Software1:12:21 - MindLab Pro Supplements1:13:31 - The Future of Federal Income Tax1:24:19 - Step 1: Follow the Law1:26:05 - Step 2: Stop Filing Income Tax Forms1:26:34 - Step 3: Is the IRS Just Bluffing?1:30:17 - Why Aren't the Super Rich Using This Strategy?1:31:41 - Buy Bitcoin with Coinbits1:33:08 - Emerge Dynamics1:34:11 - Step 4: Take Courage1:35:59 - Step 5: Question Authority1:40:07 - Step 6: Join the Restore Freedom Plan1:44:49 - Step 7: Spread the Truth1:48:31 - Where to Find Peymon Mottahedeh // PODCAST //Podcast Website: ⁠https://whatismoneypodcast.com/⁠Apple Podcast: ⁠https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400⁠Spotify: ⁠https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE⁠RSS Feed: ⁠https://feeds.simplecast.com/MLdpYXYI⁠ // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: ⁠https://strike.me/breedlove22⁠Dollars via Paypal: ⁠https://www.paypal.com/paypalme/RBreedlove⁠Dollars via Venmo: ⁠https://account.venmo.com/u/Robert-Breedlove-2⁠ // SOCIAL //Breedlove X: ⁠https://x.com/Breedlove22⁠WiM? X: ⁠https://x.com/WhatisMoneyShow⁠Linkedin: ⁠https://www.linkedin.com/in/breedlove22/⁠Instagram: ⁠https://www.instagram.com/breedlove_22/⁠TikTok: ⁠https://www.tiktok.com/@breedlove22⁠Substack: ⁠https://breedlove22.substack.com/⁠All My Current Work: ⁠https://linktr.ee/robertbreedlove

CrossroadsET
Trump Proposes End of Federal Income Tax; Freezes $3 Trillion In Federal Funding

CrossroadsET

Play Episode Listen Later Jan 30, 2025 62:44


Federal income tax could be coming to an end in the United States. President Donald Trump first floated the idea when he was on the campaign trail, and it now seems he was serious. At a recent event, Trump discussed how the United States could replace income tax by using tariffs instead.

Drew Berquist Live
Insane Libs Crying Over Deportations Miss Key Fact | Trump to Drop Federal Income Tax? | 01.29.25

Drew Berquist Live

Play Episode Listen Later Jan 29, 2025 85:39


Live show Monday-Thursday at 3pm est. SOCIALS: https://linktr.ee/drewberquist  NEWS: https://RVMNews.com  MERCH: https://RedBeachNation.com #DrewBerquist #ThisIsMyShow Show Notes/Links: Don't eat girl scout cookies. Here is why.... https://x.com/atensnut/status/1883871888218411149 Nicole Shanahan says she will fund primary opponents for anyone that votes against RFK Jr. https://x.com/clownworld_/status/1884426653075661108?s=46&t=uaL12_jzouHgBP9nzey-rg Leavitt: America will no longer tolerate illegal immigration https://x.com/townhallcom/status/1884303504107528330 Leavitt: All illegal immigrants have criminal records because they broke our laws https://x.com/EndWokeness/status/1884310990596235471 Leavitt: Trump White House will speak to all types of media, including influencers https://x.com/KennethRWebster/status/1884345771816018281 Leavitt: Trump blocked $50 million in funding for condoms in Gaza https://x.com/RealJamesWoods/status/1884333474968134097 Homan destroys Kaitlin Collins when she whines about ICE entering schools https://x.com/EndWokeness/status/1884098126631559583 Obama announces that illegal immigrants will be deported under his administration https://x.com/ClayTravis/status/1883960596879827396 Trump deported less than previous Presidents, including Obama https://x.com/BillyM2k/status/1884074879449981238 Border Agents come under fire from cartel at border https://x.com/TheInsiderPaper/status/1883978698275316116  Trump signs order to develop Iron Dome like technology over U.S. https://x.com/TheInsiderPaper/status/1883928110535696528 Trump discusses removing federal income tax and making Americans richer https://x.com/CollinRugg/status/1884031268939260085 Trump halts all foreign aid for 90 days https://www.npr.org/sections/goats-and-soda/2025/01/24/g-s1-44643/trump-foreign-aid-assistance-pause Stephen MIller to CNN's Jake Tapper on federal workers being overwhelmingly liberal https://x.com/Breaking911/status/1884355699632906548 Jim Acosta is leaving CNN, final message on air https://x.com/EndWokeness/status/1884272455491150296 Jim annouces he is going independent on Substack https://x.com/Breaking911/status/1884358953120735701

Communism Exposed:East and West
Crossroads:Trump Proposes End of Federal Income Tax - Live With Josh  - EpochTV

Communism Exposed:East and West

Play Episode Listen Later Jan 29, 2025 65:20


Voice-Over-Text: Pandemic Quotables
Crossroads:Trump Proposes End of Federal Income Tax - Live With Josh  - EpochTV

Voice-Over-Text: Pandemic Quotables

Play Episode Listen Later Jan 29, 2025 65:20


The Joe Piscopo Show
The Joe Piscopo Show 1-28-25

The Joe Piscopo Show

Play Episode Listen Later Jan 28, 2025 145:27


01:11- Federal Income Tax, Tariffs 16:46- Mike Douglas Show, Pee-wee Herman Documentary 27:56- Iron Dome 34:29- IRS 51:24 - Andrew McCarthy, Contributing Editor at National Review & Fellow at the National Review Institute, and a Fox News Contributor Topic: Justice Department fires over a dozen key officials on Jack Smith's team 1:03:17- Jonathan Hoenig, portfolio manager at Capitalist Pig Hedge Fund LLC and a Fox News Contributor Topic: U.S. tech stocks fall amid AI race with China, IRS 1:12:54- K.T. McFarland, Former Trump Deputy National Security Advisor and the author of "Revolution: Trump, Washington and 'We The People'” Topic: Iron Dome construction and the impact it will have on national security 1:25:54- MTV, Joe Franklin 1:37:22- Miranda Devine, columnist for the New York Post and the author of "The Big Guy" Topic: "Trump used his finite political capital to pardon the Jan. 6 riot defendants – and right the egregious wrongs of Biden’s DOJ" (New York Post op ed) 1:49:44- Congresswoman Nicole Malliotakis, Representative for New York's 11th Congressional District Topic: Trump speaks to House Republicans in Florida 2:02:32- Gianno Caldwell, Fox News Political Analyst, founder of the Caldwell Institute for Public Safety and the host of the "Outloud with Gianno Caldwell" podcast Topic: Trump's first week in office 2:11:46- Councilman Joe Borelli, Minority Leader of the New York City Council & the author of "Staten Island in the Nineteenth Century: From Boomtown to Forgotten Borough" Topic: His resignation from the City CouncilSee omnystudio.com/listener for privacy information.

Rethinking the Dollar
Trump's Bold Plan: Abolishing Federal Income Tax?

Rethinking the Dollar

Play Episode Listen Later Jan 28, 2025 34:58


Can tariffs truly replace income tax revenue? Redeem dying dollars for affordable, spendable 24K GoldNotes today! ⁠http://buygoldnotes.com⁠ What if the federal income tax disappeared? In this thought-provoking discussion, we explore the latest updates on Donald Trump's push to abolish federal income tax and replace it with tariffs or consumption taxes. What could this mean for America's economy, debt, and the average citizen? We'll also dive into the historical context, the 'Fair Tax Act,' and its potential impact on the Federal Reserve's power.

United States Citizenship - Civics Test Podcast
When is the last day you can send in federal income tax forms?

United States Citizenship - Civics Test Podcast

Play Episode Listen Later Jan 20, 2025 3:49


In this episode, we discuss the fifty-six possible question on your U.S. Citizenship Civics Test, When is the last day you can send in federal income tax forms?  In addition to the question and answer, Andrea will provide a brief history lesson as well to help you understand the question and answer.As you prepare for your U.S. Citizenship Test, you can download my "Audio Pack", which includes all 100 civics lessons, a Citizenship Guide, and Audio Flash Cards for easy memorization of all 100 questions & answers at StudyWithAndrea.com/USA.#USCitizenship, #CitizenshipTest, #NaturalizationTest, #USHistory, #CivicsTest, #USGovernment, #CitizenshipPreparation, #ImmigrationServices, #NewAmericans, #USCitizenshipTestQuestions, #USCitizenshipStudyMaterials, #CitizenshipTraining, #USALearning, #CitizenshipResources, #AmericanHistory, #USConstitution, #BranchesOfGovernment, #RightsAndResponsibilities, #USSymbols,Support the show

Right Now with Ann Vandersteel
Ending the Slave Nation: J6 Dismissal & Abolish the IRS | Alfredo Luna, Peymon Mottahedeh & Joe Banister

Right Now with Ann Vandersteel

Play Episode Listen Later Jan 16, 2025 112:41


Peymon Mottahedeh - Founder of Freedom Law SchoolPeymon Mottahedeh, an Iranian-born Jewish immigrant, moved to the United States in 1977 and soon after became disillusioned with what he saw as discrepancies between America's ideals and its realities, especially within its financial and governance systems. This prompted him to delve deeper into American law and governance, ultimately leading him to establish the Freedom Law School in 1996, which aims to educate U.S. citizens about tax law and their related obligations. Holding a degree in Business/Marketing from the University of Long Beach, Peymon's earlier professional experiences in the mortgage industry and financial planning gave him unique insights into the financial mechanisms that underpin federal systems. Today, he is a prominent speaker and educator, especially known for his discovery and understanding of the history of the Federal Reserve and the IRS, and he actively promotes a better understanding of tax law through his numerous educational campaigns and seminars, empowering thousands to better understand tax law.Joe Banister:Joe Banister - Former IRS Agent and Tax Reform AdvocateJoe Banister, who began his IRS career in 1993 after earning an accounting degree from San Jose State University and working as a Certified Public Accountant, is now a leading critic of the Federal Income Tax. His transformation from an IRS enforcement officer to whistleblower was sparked by his discovery of systemic issues he perceived within the agency, leading to his resignation in 1999. Since leaving the IRS, Banister has made significant contributions to the public's understanding of the U.S. tax system through his book, "Investigating The Federal Income Tax: A Report To The American People." He remains actively engaged in the debate over tax reform, frequently appearing on radio shows and documentaries to share his insights and advocate for change.DESCRIPTION:Alfredo Luna Jr., a decorated Marine Combat Veteran and awarded the Law Enforcement Medal of Valor and survived 4 shootings as a cop. After a $250,000 bail, tossed in a solitary confinement and endless attacks by the government Alpha was left to fight this alone like so many Americans. Alpha was arrested on Inauguration Day, Jan. 20, stemming from a prior search of his home that turned up an unregistered assault rifle.As a Palm Springs Unified School District patrol officer an investigation into domestic extremism by an FBI Joint Terrorism Task Force lead to his arrest where he plead not guilty to a felony weapons charge.Arrested on Inauguration Day, Jan. 20, 2021, based on a prior search of his home that turned up an unregistered assault rifle, according to court papers.Luna was arraigned at the Larson Justice Center he remained out of custody on a $250,000 bond.Court papers allege that Luna, a former Cathedral City police officer, was an adherent to the QAnon conspiracy theory and a right-wing militia group involved in storming the U.S. Capitol on Jan. 6.2nd SegmentDo you legally have to pay income tax? What is all this about with President Trump's truth social posting about creating an External Revenue Service…Shortly after resigning from the IRS, Joe Banister's transition from IRS insider to whistleblower and tax education advocate was greatly influenced by a pivotal call with Bill Conklin. Conklin recommended that Banister reach out to Peymon Mottahedeh for guidance and support. Mottahedeh then became a crucial ally, providing Banister with essential information and a network of trusted contacts, including experts, activists, and former officials like G Edward Griffin, Ron Paul, Attorney Larry Becraft, and Ted Gunderson. With expertise in constitutional and tax law, Becraft and Gunderson, a former FBI agent, were particularly instrumental in helping Banister gain credibility and navigate his new role within a community skeptical of his former IRS position. This network not only protected Banister from potential backlash but also established his credibility in the tax reform movement.Peymon and the Freedom Law Group have been getting people out of jams with the IRS for years…Follow Ann Vandersteel on Pickax: https://pickax.com/annvandersteelElevate your meals with Freedom First Beef… even if you find yourself in the middle of the apocalypse! Use code FFN for 25% off and enjoy high-quality beef whenever you crave it – today or tomorrow! https://freedomfirstbeef.comBe ready for anything life throws your way with The Wellness Company's Medical Emergency Kit. Order today using code FFN for a 10% discount at https://twc.health/ffn.Unleash the spirit of liberty in every cup with Freedom First Coffee's Founders Blend. Order now using code RIGHTNOW and savor the unparalleled taste of freedom in every patriotic sip. https://freedomfirstcoffee.com

Know Your Numbers with Chris McCormack
How Trump's Proposed Zero Federal Income Tax Could Impact American Taxpayers and CPAs: A Deep Dive

Know Your Numbers with Chris McCormack

Play Episode Listen Later Dec 5, 2024 21:39


In this episode, host Chris McCormack dives into a thought-provoking discussion about the potential implications of a zero federal income tax policy, a topic recently brought to light by former President Trump. As we navigate the holiday season and reflect on our nation's history, Chris explores the origins of income tax in the United States, its evolution over the years, and the historical context surrounding taxation. He addresses common questions about what a zero income tax could mean for taxpayers and the accounting industry, including whether CPAs would be out of a job. Join us as we unpack the complexities of taxation, the role of tariffs, and the potential for a new approach to funding government services. Whether you're a taxpayer, a business owner, or simply curious about the future of taxation in America, this episode offers valuable insights and historical perspectives. Don't forget to follow our channel for more content, and if you find value in this episode, please leave us a five-star rating and review! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

The Alan Sanders Show
WUWA - Fake news, wealth envy and who really pays, Fani Willis Case, Shane Barker, BK and Christmas music

The Alan Sanders Show

Play Episode Listen Later Dec 1, 2024 114:01


Today's bonus episode is from my Saturday talk show, Waking Up with Alan, heard every Saturday from 7AM to 10AM on WBHF. As always, we hit a range of subjects in the news. We look at how much the Legacy/mainstream media has been lying, we look at the distribution of incomes in this country and how much each bracket pays toward the Federal Income Tax. It looks like the big Fani Willis RICO case is about to be dismissed thanks to a Georgia court of appeals. Shane Barker from Tree Amigos of America calls to give us an update on their ongoing work to help the people in Augusta, GA from the damage caused by Hurricane Helene. We then wrap up, as we always do, with the Vulcan Mindmeld, where BK from BK on the Air joins me, bringing our two shows into one. We discuss Christmas music and memories. Please take a moment to rate and review the show and then share the episode on social media. You can find me on Facebook, X, Instagram, GETTR and TRUTH Social by searching for The Alan Sanders Show. You can also support the show by visiting my Patreon page!!

Your Money Hour Podcast
Donald Trump Won the Election. How Will He Impact Black Wealth in America?

Your Money Hour Podcast

Play Episode Listen Later Nov 22, 2024 30:36


Trump's Back in Office in 2025! Here's the TRUTH about his impact on Black Wealth in America. Donald Trump won the 2024 Presidential Election! Trump's in. Biden's Out. How will Trump's return affect Black wealth in America? There will be changes in the U.S. Tax Law that will impact Federal Income Tax returns for individuals and businesses. Only time will tell how Blacks will respond to Trump's new administration and policies regarding their finances. Will Black America need to tighten their spending and start saving more money? Or, will Trump's policies encourage spending as the U.S. economy rebounds from inflation that has had a chokehold on America? Whether America will be great again financially or not with Trump as the next U.S. President, one thing is certain: Black America still needs to take responsibility for its finances and wealth and not rely on the Federal government to change the lives of the people. Check out this episode of The Rule Your Money Show with Dakota Grady as he breaks down: 1. Four things you need to do NOW as Donald Trump takes office in 2025 2. The TRUTH about Trump's impact on Black wealth and what YOU can do to be proactive If you're: -Struggling financially -Living paycheck to paycheck -Stressed out & credit cards are maxed out -Losing sleep because you're worried about whether or not you're going to be able to pay your bills... Tap into The Rule Your Money Show with Dakota Grady. *The Rule Your Money Show is sponsored and brought to you by Upstate Essential Solutions, LLC!*

United States Citizenship - Civics Test Podcast
When is the last day you can send in federal income tax forms?

United States Citizenship - Civics Test Podcast

Play Episode Listen Later Oct 7, 2024 3:49


In this episode, we discuss the fifty-six possible question on your U.S. Citizenship Civics Test, When is the last day you can send in federal income tax forms?  In addition to the question and answer, Andrea will provide a brief history lesson as well to help you understand the question and answer.As you prepare for your U.S. Citizenship Test, you can download my "Audio Pack", which includes all 100 civics lessons, a Citizenship Guide, and Audio Flash Cards for easy memorization of all 100 questions & answers at StudyWithAndrea.com/USA.Support the show

The Truth Quest Podcast
Ep. 306 - The Truth About the Seventeenth Amendment

The Truth Quest Podcast

Play Episode Listen Later Sep 12, 2024 8:36


What has been the impact of the Seventeenth Amendment on the country and how would things be different if it were repealed? Show Notes Instagram  |  Truth Social  |  GETTR  |  Twitter  |  GAB  |  Apple |  Rumble  |  BitChute -------------------------------- Brion McClanahan Podcast #175 Truth Quest Podcast Episode #64 - The Truth About the Federal Income Tax and the Sixteenth Amendment Episode #80 – The Truth About Democracies Support the podcast by shopping at the Truth Quest Shirt Factory. "The United States is NOT a democracy" With each shirt design there is an explanation of what to expect from those inquisitive or brave enough to ask you about it. In most cases there are links to podcast episodes that will deepen your understanding of the importance of each phrase.  We hope you take the challenge of wearing these shirts in public and to family gatherings. You will be well-equipped with the rhetorical tools to engage in conversation and/or debate.  Good luck! And thanks for supporting the Truth Quest Podcast! -------------------------------- Join the conversation at The Truth Quest Facebook Fan Page Order a copy of one of my books, Pritical Thinking, The Proverbs Project, The Termite Effect. The Truth Quest Podcast Patron Page

Traveling To Consciousness
The Federal Income Tax is ILLEGAL! Here is why. | Ep 272

Traveling To Consciousness

Play Episode Listen Later Jul 25, 2024 30:30 Transcription Available


SummaryIn this podcast episode, Clayton Cuteri explores the topic of the federal income tax and argues why it is illegal. He discusses the historical background of the tax, its connection to wars, and the procedural irregularities in ratifying the 16th Amendment. He also examines Supreme Court decisions that challenge the authenticity of the income tax and its impact on different income groups. Cuteri emphasizes the need to eliminate the federal income tax, stop funding wars, and focus on issues like education, healthcare, and social inequalities.Clayton's Social MediaTikTok | Instagram | Twitter (X) | YouTubeTimecodes00:00 - Introduction: Exploring the Illegality of the Federal Income Tax02:01 - Historical Background and Connection to Wars05:10 - Procedural Irregularities in Ratifying the 16th Amendment07:46 - Supreme Court Decisions Challenging the Income Tax12:09 - Impact on Different Income Groups15:35 - Eliminating the Federal Income Tax for a Better Society23:29 - Getting Involved with the American Congress PartySend Clayton a text message!Support the Show.Clayton's Campaign: Clayton24.comFREE 999 Meditation Challenge: Sign Up Here

United States Citizenship - Civics Test Podcast
When is the last day you can send in federal income tax forms?

United States Citizenship - Civics Test Podcast

Play Episode Listen Later Jun 24, 2024 3:49


In this episode, we discuss the fifty-six possible question on your U.S. Citizenship Civics Test, When is the last day you can send in federal income tax forms?  In addition to the question and answer, Andrea will provide a brief history lesson as well to help you understand the question and answer.As you prepare for your U.S. Citizenship Test, you can download my "Audio Pack", which includes all 100 civics lessons, a Citizenship Guide, and Audio Flash Cards for easy memorization of all 100 questions & answers at StudyWithAndrea.com/USA.Support the Show.

Mark Simone
Hour 2: Former President Trump wants to eliminate the Federal Income Tax.

Mark Simone

Play Episode Listen Later Jun 20, 2024 35:04


Kim Jung Un and Putin are becoming close friends. Mark Interviews legendary DJ Scott Shannon: Mark and Scott talked about Justin Timberlake getting caught drunk driving in Sag Harbor. They also hit on, warning labels on Social Media platforms and The Z100 documentary.

On Point With Victor
05/14/24 What if we scrapped the Federal income tax system and replaced with a Consumption tax system?

On Point With Victor

Play Episode Listen Later May 14, 2024 57:56


Sarah Westall - Business Game Changers
Federal Income Tax Scam, It’s not what you think w/ Freedom Law School, Peymon Mottahedeh

Sarah Westall - Business Game Changers

Play Episode Listen Later May 11, 2024 25:44


Peymon Mottahedeh founder of the Freedom Law School joins the program to discuss how he helps people safely stop paying federal taxes. He explains why its a scam and how the constitution and the law does not support it. Many people talk about this, but he stands by his words so completely that his organization guarantees you will be safe by covering legal fees and costs if there are repercussions. You can watch him at the upcoming Red Pill Expo on June 15-17 at https://redpilluniversity.org/expo-homepage/ref/211/ (Use code "sarah" or "sarahw" to save 10%)   Links Mentioned in show: Learn more about Leela's Quantum Tech at https://bit.ly/3iVOMsZ or at https://SarahWestall.com/shop Red Pill Expo: Purchase a ticket or view the line up to the Red Pill Expo at https://redpilluniversity.org/expo-homepage/ref/211/ (Use code "sarah" or "sarahw" to save 10%) Consider subscribing: Follow on Twitter @Sarah_Westall Follow on my Substack at SarahWestall.Substack.com See Important Proven Solutions to Keep Your from getting sick even if you had the mRNA Shot - Dr. Nieusma MUSIC CREDITS: “In Epic World” by Valentina Gribanova, licensed for broad internet media use, including video and audio       See on Bastyon | Bitchute | Brighteon | CloutHub | Odysee | Rumble | Youtube | Tube.Freedom.Buzz   Peymon Mottahedeh Biography Peymon Mottahedeh, Founder and President of Freedom Law School, was born into a Jewish family in Iran. From the ages of 6 to 14, Peymon learned about the politics of the East vs. West (America vs. Soviet Union), the Arab-Israeli Conflict, and Iranian politics from his father. During this time, he learned about the Shah's secret service, which had the power to arrest and detain anyone indefinitely, subject them to torture, and sentence them without a fair trial. Peymon then immigrated to the USA in 1977 at the age of 14, hoping to come to the land of the free and the home of the brave. Unfortunately, he found that the United States was anything but a beacon of freedom. While attending the University of Long Beach in California, Peymon took classes in economics and finance, and ultimately graduated with a degree in Business/Marketing because he wanted to understand the workings of the business and financial world. In his first economics class, he came to the realization that the Federal Reserve system is a fraudulent scheme that generates money out of thin air. From 1983 to 1990, during and after his university years, Peymon worked in the mortgage industry for six months and then became a financial planner for seven years. Peymon realized that he was a libertarian, and in 1989, when he became a US citizen, he registered and became an active member of the Libertarian party. In 1992, he discovered that the Income Tax system was a massive scam and learned from patriots about the New World Order Conspiracy and the fraudulent, privately-owned Federal Reserve Banking System. Since 1992, he has not filed any 1040 income tax returns or paid any federal income or payroll taxes. Peymon is devoted to educating and assisting Americans in their fight for rights and freedom. He is particularly passionate about providing people with knowledge on how to reclaim their independence from the IRS's robbery and deceit.  

FLF, LLC
Investigating the Federal Income Tax w/ Former IRS Agent Joe Banister [CrossPolitic Show]

FLF, LLC

Play Episode Listen Later Apr 25, 2024 42:32


Today the guys are joined by Mr. Joe Banister to discuss the Federal Income Taxes, and why Joe left the IRS. Sign up for The FLF Conference 2024 (Prodigal America)https://flfnetwork.com/prodigal-america/

CrossPolitic Show
Investigating the Federal Income Tax w/ Former IRS Agent Joe Banister

CrossPolitic Show

Play Episode Listen Later Apr 25, 2024 42:32


Today the guys are joined by Mr. Joe Banister to discuss the Federal Income Taxes, and why Joe left the IRS. Sign up for The FLF Conference 2024 (Prodigal America)https://flfnetwork.com/prodigal-america/

Patriots With Grit
264. Federal Income Tax SCAM-Are You Actually Required To Pay It? | Peymon Mottahedeh

Patriots With Grit

Play Episode Listen Later Apr 21, 2024 13:53


Have you ever been required to actually pay federal income tax and is it one of the many scams pulled on the American people by corrupt 3-letter agencies?Website: www.Freedomlawschool.orgSee Full Episode at: https://rumble.com/v46t01r-how-to-stop-paying-federal-income-tax-peymon-mottahedeh.html------------------------------------SPONSORS FOR THIS VIDEO

Tax Chats
Cordell Hull, Father of the Income Tax: A Chat with Tracey Roberts

Tax Chats

Play Episode Listen Later Mar 22, 2024 33:42


Jeff and Scott chat with Samford University law professor Tracey Roberts about Cordell Hull. Hull was a senator, secretary of state, and, won the Nobel Prize for his role in creating the United Nations. However, he also had a substantial role in creating the income tax, which Tracey, Jeff and Scott discuss.  This episode is based on Professor Roberts article, "A Man for His Era and for Ours: Cordell Hull, Father of the Federal Income Tax", published in the Cumberland Law Review.Get CPE for listening to Tax Chats! Free CPE courses are available approximately one week after episodes are published. Visit https://earmarkcpe.com/ to download the free app. Go to the Tax Chats channel, register for the course, take a short quiz, and earn your CPE certificate.

United States Citizenship - Civics Test Podcast
When is the last day you can send in federal income tax forms?

United States Citizenship - Civics Test Podcast

Play Episode Play 60 sec Highlight Listen Later Mar 11, 2024 3:49


In this episode, we discuss the fifty-six possible question on your U.S. Citizenship Civics Test, When is the last day you can send in federal income tax forms?  In addition to the question and answer, Andrea will provide a brief history lesson as well to help you understand the question and answer.As you prepare for your U.S. Citizenship Test, you can download my "Audio Pack", which includes all 100 civics lessons, a Citizenship Guide, and Audio Flash Cards for easy memorization of all 100 questions & answers at StudyWithAndrea.com/USA.Support the show

Conservative Daily Podcast
Joe Oltmann Live 12PM EST - Guest Joe Banister: INCOME TAX - SOTU Tonight - Trump Calls For Debates

Conservative Daily Podcast

Play Episode Listen Later Mar 7, 2024 51:36


This morning, Joe discusses whether Joe Biden will participate in the presidential debates and shares Trump's encouragement for Biden to debate. He also highlights a video from MSNBC praising Biden's competence. Later, Joe welcomes Joe Banister, author of "Investigating The Federal Income Tax: A Report To The American People," who sheds light on understanding income tax and IRS practices. Banister shares his experience of being indicted on four felony charges, challenges the notion of mandatory federal income tax payment, and exposes government tactics to deceive citizens. Joe concludes the show by emphasizing the importance of education in combating tyranny and mentions a controversial figure before ending with a closing prayer.

The James Altucher Show
Ask Altucher! EP03: Altucher's Hybrid Tax Plan for All Americans

The James Altucher Show

Play Episode Listen Later Apr 25, 2023 57:26


On today's 'Ask Altucher', which continues the chain of thought from our previous episode, James details his innovative economic and taxation plan to help all Americans. Proposing a flat 10% federal income tax while instituting a 10% national sales tax (with rebates for the first $20k of purchases annually), his hybrid solution provides an innovative and effective economic plan that increases tax revenue, capitalizes on foreign national tourist spending, and offers progressive tax relief for low-income families.James also delves into topics such as foreign & domestic policy, the national defense budget, the strength of the US dollar's role in the global economy, and how America's dominance in technology and innovation cements the United States' role as a global superpower.Each week, James will be answering user-submitted questions from the web form, Twitter queries, and submissions via NotePd.com------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook