Podcasts about itemizing

* Spain's grid blackout causing even Tony Blair to admit the green agenda's failure and pivot to Trump's carbon capture con * If tariffs aren't inflationary then why was the White House in a frenzy to silence Amazon's plan to itemize skyrocketing surcharge costs? * On the positive side, the REINS Act is back and could check the regulatory abuses of the bureaucracy * Big Pharma's statin lies, FDA-approved “meat glue” in your nuggets, lab-grown milk horrors, and the biggest economic fraud — “health insurance” plus hospitals jacking up bills * Dive into J. Warner Wallace's gritty graphic novel for entertainment and a dose of truth amid the madness!2:30 The Grid Reset? Green Grifters Pivot After Spanish Grid BlackoutThey ignored the warnings and now even Tony Blair is admitting that they went to far for a problem that isn't.  However, the former leftist PM is pivoting to another big scam that's EXACTLY what Trump and his cronies want for the USA 30:15 LIVE audience comments 34:43 Why Did Trump Get So Upset About Itemizing the Surcharge on Amazon?     Itemizing surcharges has long been both a business practice and a protest by restaurants, hotels and others.  But neither Biden's FTC nor the Trump administration like protests     But Trump's administration is in a frenzy to bury the truth about skyrocketing prices from his chaotic tariffs, bullying Amazon's Jeff Bezos into silencing plans to itemize tariff surcharges.  First they said it wouldn't be noticeable, now they're furious and attacking Biden for inflation (didn't Trump's lockdown & UBI programs have something to do with inflation?). 58:27 Another Flip on Auto TariffsTrump's automotive tariffs are rooted in a questionable 1960s law, forcing automakers to slam on the brakes, paralyzing supply chains and strangling the economy with uncertainty.  Now there's been another change.  It's the chaos, stupid, that is destroying the economy.  Did they think ANY of this through? 1:04:02 Will Congress Unleash the REINS Act to Rein in Bureaucratic Tyranny?Politico's in a panic over the proposed REINS Act, set to take back regulatory power they abdicated to the bureaucracy and hand President Trump unprecedented veto power, obliterating the unchecked rule-making of unelected bureaucrats!  Will it pass? 1:11:15 UPS and DHL Making Adjustments for Recession, Downsizing, and Erratic RegulationsUPS to axe 20,000 jobs and shutter 200 sorting centers! The ripple effects of his erratic taxes will decimate small businesses, as even large ones struggle 1:19:18 LIVE audience comments 1:27:29 Trump's Shocking Embrace of Lockdown Queen Gretchen Whitmer     Partisans on both sides are shocked but one of the “bad Democrat governors” of lockdown, wretched Gretchen arguably the worst, once vilified by MAGA for banning seeds and jailing barbers is palling around with Trump — again.     Uniparty power where politics is a sham, and control is king 1:30:42 Statins, Cholesterol, Lying with Statistics, and Lab-MilkExposing the fraud of BigPharma statistics and the FDA's “Free to Do Anything” attitude toward food and pharmaceuticals 1:43:01 Happy Birthday: A Sordid Tale of Corporate Copyright BullyingIf only we all had as many birthdays as intellectual property — kept on life support for a century.  But Warner got caught in the fraud and extortion.  1:46:44 Meat Glue MadnessThe food industry's dirty secret, “meat glue” (microbial transglutaminase), is lurking in your chicken nuggets, veggie burgers, and processed foods while the FDA turns a blind eye. 1:50:42 The Fraud of “Health Insurance”     A shocking case reveals hospitals colluding with insurers to skyrocket bills making bills for those with insurance FAR HIGHER than for the uninsured     Discover how to break free with cash-based care and dismantle this predatory system before it bankrupts your family 1:56:53 Abortion Pill: 22x Higher RisksA bombshell revelation rocks the medical world: the abortion pill's dangers are 22 times worse than reported, with 1 in 10 women facing severe hemorrhaging, infections, and hospitalizations! 2:02:28 “Case Files: Murder & Meaning” — A Gritty Graphic NovelJ. Warner Wallace, ColdCaseChristianity.com, author of the #1 Mystery Graphic Novel in America Dive into the heart-pounding world of Cold Case Christianity's visually stunning new graphic novel that blends raw, realistic crime drama with a subtle yet powerful Christian worldview. Forget preachy tales—this gritty narrative of a team of hardened detectives hunting a cunning serial killer in Los Angeles challenges secular assumptions, sparks deep conversations, and offers free resources to equip you for life-changing discussions. 2:47:05 Police State Power Grab and Elite ExcessesIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show  Or you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764 Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT For 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

* Spain's grid blackout causing even Tony Blair to admit the green agenda's failure and pivot to Trump's carbon capture con * If tariffs aren't inflationary then why was the White House in a frenzy to silence Amazon's plan to itemize skyrocketing surcharge costs? * On the positive side, the REINS Act is back and could check the regulatory abuses of the bureaucracy * Big Pharma's statin lies, FDA-approved “meat glue” in your nuggets, lab-grown milk horrors, and the biggest economic fraud — “health insurance” plus hospitals jacking up bills * Dive into J. Warner Wallace's gritty graphic novel for entertainment and a dose of truth amid the madness!2:30 The Grid Reset? Green Grifters Pivot After Spanish Grid BlackoutThey ignored the warnings and now even Tony Blair is admitting that they went to far for a problem that isn't.  However, the former leftist PM is pivoting to another big scam that's EXACTLY what Trump and his cronies want for the USA 30:15 LIVE audience comments 34:43 Why Did Trump Get So Upset About Itemizing the Surcharge on Amazon?     Itemizing surcharges has long been both a business practice and a protest by restaurants, hotels and others.  But neither Biden's FTC nor the Trump administration like protests     But Trump's administration is in a frenzy to bury the truth about skyrocketing prices from his chaotic tariffs, bullying Amazon's Jeff Bezos into silencing plans to itemize tariff surcharges.  First they said it wouldn't be noticeable, now they're furious and attacking Biden for inflation (didn't Trump's lockdown & UBI programs have something to do with inflation?). 58:27 Another Flip on Auto TariffsTrump's automotive tariffs are rooted in a questionable 1960s law, forcing automakers to slam on the brakes, paralyzing supply chains and strangling the economy with uncertainty.  Now there's been another change.  It's the chaos, stupid, that is destroying the economy.  Did they think ANY of this through? 1:04:02 Will Congress Unleash the REINS Act to Rein in Bureaucratic Tyranny?Politico's in a panic over the proposed REINS Act, set to take back regulatory power they abdicated to the bureaucracy and hand President Trump unprecedented veto power, obliterating the unchecked rule-making of unelected bureaucrats!  Will it pass? 1:11:15 UPS and DHL Making Adjustments for Recession, Downsizing, and Erratic RegulationsUPS to axe 20,000 jobs and shutter 200 sorting centers! The ripple effects of his erratic taxes will decimate small businesses, as even large ones struggle 1:19:18 LIVE audience comments 1:27:29 Trump's Shocking Embrace of Lockdown Queen Gretchen Whitmer     Partisans on both sides are shocked but one of the “bad Democrat governors” of lockdown, wretched Gretchen arguably the worst, once vilified by MAGA for banning seeds and jailing barbers is palling around with Trump — again.     Uniparty power where politics is a sham, and control is king 1:30:42 Statins, Cholesterol, Lying with Statistics, and Lab-MilkExposing the fraud of BigPharma statistics and the FDA's “Free to Do Anything” attitude toward food and pharmaceuticals 1:43:01 Happy Birthday: A Sordid Tale of Corporate Copyright BullyingIf only we all had as many birthdays as intellectual property — kept on life support for a century.  But Warner got caught in the fraud and extortion.  1:46:44 Meat Glue MadnessThe food industry's dirty secret, “meat glue” (microbial transglutaminase), is lurking in your chicken nuggets, veggie burgers, and processed foods while the FDA turns a blind eye. 1:50:42 The Fraud of “Health Insurance”     A shocking case reveals hospitals colluding with insurers to skyrocket bills making bills for those with insurance FAR HIGHER than for the uninsured     Discover how to break free with cash-based care and dismantle this predatory system before it bankrupts your family 1:56:53 Abortion Pill: 22x Higher RisksA bombshell revelation rocks the medical world: the abortion pill's dangers are 22 times worse than reported, with 1 in 10 women facing severe hemorrhaging, infections, and hospitalizations! 2:02:28 “Case Files: Murder & Meaning” — A Gritty Graphic NovelJ. Warner Wallace, ColdCaseChristianity.com, author of the #1 Mystery Graphic Novel in America Dive into the heart-pounding world of Cold Case Christianity's visually stunning new graphic novel that blends raw, realistic crime drama with a subtle yet powerful Christian worldview. Forget preachy tales—this gritty narrative of a team of hardened detectives hunting a cunning serial killer in Los Angeles challenges secular assumptions, sparks deep conversations, and offers free resources to equip you for life-changing discussions. 2:47:05 Police State Power Grab and Elite ExcessesIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show  Or you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764 Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT For 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

2024 may be long gone, but it's NOT too late to lower your taxes for the previous year. If you have real estate or retirement accounts, you already hold the key to minimizing your taxable income and owing less to Uncle Sam. But how do you do it? We're sharing 2024 and 2025 top tax reduction strategies in today's show with expert CPA and real estate investor Amanda Han! Do you know about the real estate tax “loophole” that helps everyday investors cut their taxable income by tens of thousands? Got an employer-contributed retirement plan? You could STILL use it to lower your 2024 taxes! And why should you NOT take the standard deduction if you've bought a home in the past few years? We're answering all of these questions so you can keep more of your hard-earned money. Finally, what audit red flags is Amanda seeing with her clients? There's one easily avoidable audit trap that MANY Americans are falling into that could take just minutes to circumvent. Should we even be talking about income taxes if President Trump plans to eliminate them? Amanda, Mindy, and Scott are sharing their opinions on whether this will reach fruition. In This Episode We Cover How to save on your 2024 tax bill and moves to make before Tax Day 2025  The easily avoidable audit red flag that Amanda has seen spike lately  The real estate tax deduction that could save those earning $150K or less tens of thousands Most commonly missed tax write-offs that many Americans can take but forget about  Will President Trump abolish income taxes during his second term? Whether to pay your estimated taxes OR invest instead and take the interest hit  And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Find Investor-friendly Tax and Financial Experts Buy Amanda's Book, “The Book on Tax Strategies for the Savvy Real Estate Investor” Find Investor-Friendly Lenders Tax Audit Tips Connect with Amanda (00:00) Intro (00:56) You Can STILL Save on 2024 Taxes (05:54) Lowering Your Taxable Income (10:27) You Can STILL Contribute for 2024! (14:22) Estimating Your Taxes (16:22) Itemizing vs. Standard Deduction (18:21) Commonly Overlooked Write-offs (21:41) Audit Red Flags! (23:06) Will Tax Rates Rise or Fall? (28:03) Opportunity Zones Have Changed (31:08) How to Prepare for 2024/2025 (35:15) Connect with Amanda! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-608 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Friday discusses the challenges of itemizing medical expenses on your tax return. To deduct medical costs, they must exceed 7.5% of your adjusted gross income. For example, with $100,000 in earnings, only expenses above $7,500 are deductible. Proper planning is essential to maximize savings in years with substantial medical costs. Take advantage of itemizing only when it benefits your financial situation. Transcript: G’day. I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Many times people will ask me about medical deductions, because when I talk about itemizing, I very rarely bring that up because of the fact that first you have to say, let’s say you earn $100,000. And if that’s the case, then you have $7,500 worth of exemption, right? So if you have a $10,000 bill that you’ve paid for medical and you’re thinking you can deduct that, you’re really only going to get $2,500 of it under that scenario. Itemizing medical is very hard, and making sure you maximize the year that you do have a lot of medical will be the only way you’re going to put more money in your pocket. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dive into a topic that might not sound overly exciting but is essential for protecting your business – client invoicing. Jennifer and Robin discuss topics such as charging planning fees, setting limits on proposal revisions, and making sure your services are super clear so clients know exactly what they're paying for. They also share tips on managing supplier invoices (because nobody likes those surprise mistakes) and why getting digital signatures for changes is a total lifesaver. And of course, they get into the nitty-gritty: clear terms and conditions, disclaimers for extra costs, and all the documentation you need to cover your bases. Bottom line? Client invoices aren't just about getting paid – they're about saving yourself stress and keeping your business running smoothly. Hit play to learn more! Get the Sample Client Welcome Guide & Service Suite! The Legal Paige - Travel Advisor Contract Use code TIQUE10 for 10% off! Shop the Client Communication Templates! Today we will cover: (01:20) Clearly defining your service levels (05:55) Itemizing fees; tracking your time (13:10) Supplier invoices and safeguards (16:15) Building detailed invoice templates (18:20) Including terms and conditions in invoices (21:55) Humanizing your business practices (24:20) Managing client expectations (26:05) Supplier terms and conditions (29:10) Handling changes and cancellations (33:10) Legal considerations and client agreements (39:30) Common invoicing mistakes to avoid _____ JOIN OUR NICHE COMMUNITY: tiquehq.com/niche FOLLOW ALONG ON INSTAGRAM: instagram.com/tiquehq CHECK OUT OUR SERVICES & PROGRAMS: tiquehq.com

Tune in as Kyle Hunt, host of Remodelers On The Rise, interviews Steve Tankersley, the owner of Tankersley Construction on his journey into the remodeling industry. After working in commercial construction, he decided to start his own remodeling business in 2018. Steve emphasizes the importance of the fundamentals in running a successful business, such as responsiveness and reliability. He also values the freedom and flexibility that owning a business provides, allowing him to spend more time with his family. Steve discusses his transition from fixed-price contracts to cost-plus contracts, which offer more transparency and build trust with clients. He provides insights into his cost-plus approach, including setting goals for net profit, accurately estimating project costs, and itemizing direct costs.  ----- Visit RemodelerRetreat.com and sign-up to join Kyle and his wife Sarah for the Remodel Your Marriage, Life, and Business Retreat, October 2nd-4th, 2024  ----- Takeaways The fundamentals of responsiveness and reliability are crucial in running a successful remodeling business. Owning a business provides the freedom and flexibility to spend more time with family. Transitioning from fixed-price contracts to cost-plus contracts can build trust and provide transparency with clients. Setting goals for net profit and accurately estimating project costs are essential in a cost-plus approach. Itemizing direct costs, such as insurance and software, can help reduce the markup in cost-plus contracts. The cost-plus pricing model allows for open and frequent communication with clients without the fear of racking up hourly bills. Delivering value to clients is crucial when using the cost-plus pricing model. Knowing your numbers and having a robust accounting and project management system is essential for success. Self-performed labor rates can contribute to higher margins in cost-plus projects. Using contingencies can help manage unexpected costs and build trust with clients. Cloud-based software and coaching can be valuable tools for remodeling contractors. Chapters 00:00 - Introduction and Background 01:45 - Approaching Pricing in the Remodeling Business 04:10 - Transitioning to Residential Construction 08:50 - Achieving Dreams and Balancing Family Life 10:46 - Recognizing Success and Reflecting on the Journey 12:58 - Unpacking the Cost-Plus Approach 16:28 - Setting Goals and Estimating Project Costs 19:42 - Reducing Markup in Cost-Plus Contracts 22:09 - The Benefits of Cost-Plus Pricing 23:35 - Delivering Value and Accountability 26:06 - Knowing Your Numbers and Having a Robust System 27:06 - Maximizing Margins with Self-Performed Labor 31:41 - Managing Unexpected Costs with Contingencies 39:28 - The Value of Cloud-Based Software and Coaching

LA County Supervisors and Sheriff won't site or jail homeless to clear encampments. Here's what happened when LA residents were guaranteed $1,000 a month. How would you feel about living forever as a chatbot? Key to Happiness or distrrust: couples who itimize their monthly bills. 

In this episode, we're exploring two different paths you can take when designating benefits. We focus on the pros and cons of itemizing individual accounts versus dividing a percentage of your entire estate. We also look at how each approach can impact your financial legacy. Tune in as we break down these strategies to help you choose the best path for your estate planning goals.   Contact:   513-463-6789   info@CincinnatiEstatePlan.com https://cincinnatiestateplan.com/contact/ 

Today we are celebrating this orthopedic surgeon completing his military commitment and becoming a millionaire. This doc served our country for 16 years and is now moving to a civilian job. They are moving from California to Minnesota and are looking forward to a dramatic salary increase and cost of living decrease. He worked hard moonlighting on the side and grew wealth by avoiding debt, and putting finances first. For finance 101 we are talking about itemizing deductions. At PKA Insurance Group Inc – Pradeep Audho, and Matthew Pedersen are independent brokers focusing on Disability and Life insurance. They excel in securing coverage for physicians, including those on visas like J1, H1B, etc. Protecting your family in the event of a disability or death is important. There is now an A+ rated carrier offering up to $10Million of Life insurance without labs. If you are very healthy with limited or no medical issues, approval is likely in 5 minutes. Reach out to PKA Insurance to discuss your Disability or Life insurance needs at https://www.whitecoatinvestor.com/pka 1-800-258-1018 - OR – emailing info@pkainsurance.com  The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

The boys reunite and discuss Patch 14.2, Layoffs at Riot, LoL Reddit AMA, Getting carried in ranked, Itemization, and more all on episode 624 of Leaguecast! Email us - mail@leaguecastpodcast.com   Support us - https://www.patreon.com/leaguecast  Tweet us - https://twitter.com/leaguecast   Facebook - https://www.facebook.com/Leaguecast/   Join Our Discord - https://discord.gg/leaguecast  Visit our Website - https://leaguecastpodcast.com/ 

In this Dr. Friday Tax Tips - One Minute Moment, Dr. Friday discusses strategies for taxpayers who itemize deductions, particularly focusing on charitable contributions. She explains that for those who itemize, consolidating several years' worth of charitable donations into one year can be beneficial. This approach helps in exceeding the standard deduction threshold, thereby allowing the taxpayer to deduct their charitable contributions effectively. Dr. Friday also touches on other potential itemizable deductions such as sales tax and property tax, emphasizing the importance of understanding these options. For personalized advice, she invites listeners to contact her directly. The episode wraps up with an invitation to her live Call-In Show every Saturday. Transcript G'day, I'm Dr. Friday, President of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. For many of you itemizing isn't something you're going to do but if you do itemize maybe there's a way of maximizing like giving a couple years worth of charity at one time therefore you're able to hit that itemization otherwise you won't be able to deduct your charitable deductions you can give up to 60% of your income and take it all in one year assuming again that that still kicks you into the itemizing but along with that you may have some other deductions sales tax property tax and we'll cover more of those but if you're not sure how this would work give me a call I can explain it 615-367-0819 or drfriday.com. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Join us on this episode of The ETC Podcast as we sit down with the multi-talented Tripp Fontane. An international performing artist, comedian, award-winning creator, and much more, Tripp brings a rich tapestry of experiences to the table. In this conversation, we dive into a myriad of topics: from Tizzle's wild sports analogies and EhKees exploring AI in parenting, to deeper discussions about imposter syndrome and the weight of using one's gifts responsibly. We tackle the pressures of notoriety, the art of 'shooting your shot', the complexities of blackness and wealth, and thoughts on the revolution and working within the system. Plus, we delve into the debt crisis, the evolving role of college education, and the challenge of feeling unappreciated in a city brimming with creative talent. This episode is a blend of humor, insight, and raw honesty – a reflection of the diverse voices shaping our culture. ⁠⁠Whether you're a fan of The ETC Pod, Surgically Speaking or any of the other shows under the ETC Content House, or you just love discovering new music and ideas, please consider supporting us on Patreon⁠⁠. Your support helps us continue to produce high-quality content and bring you more intentional conversations about nothing. Thanks for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/etc-by-us/message

Episode 34:  In this episode, Timalyn discusses the seemingly controversial topic of tax evasion vs. tax avoidance.  These terms have very different meanings, although some people mistakenly use them interchangeably.  She'll explain the terms and how to help you understand whether you're attempting to do something illegal, or extremely (legally) beneficial. Tax avoidance is a legal strategy used to minimize your tax liability.  The bulk of today's episode will explore tax evasion.  She will discuss the underground economy and why you need to stop participating in it.  You could go to prison and be required to deal with your back tax issues.  Tax Avoidance You can think of tax avoidance as legal steps you can take to reduce your tax liability and to maximize your after-tax income.  Timalyn begins with the step of investing in a tax planner to help you with a strategy to minimize your taxes.  This is classified as tax avoidance and it's perfectly legal.  Timalyn lists some common tax avoidance tactics: ●      Claiming your home office deduction as a business owner ●      Itemizing your mortgage interest as a home owner ●      Itemizing charitable contributions  Common but Illegal Tactics that Are Considered Tax Evasion ●      Paying someone in cash so they don't have to report taxable income ●      Receiving cash payment and not reporting the taxable income ●      Paying a babysitter in cash, but not issuing a 1099 if required ●      Requesting to be paid in cash so you "don't have to report it" Remember, the IRS wants you to report anytime money is exchanged for goods or services.  We have a voluntary compliance system.  The IRS relies on you to perform your civic duty. Now, this may seem controversial to some (or many), but remember, Timalyn's goal is to fill the tax literacy gap one taxpayer at a time.  She's offering this advice to help you to better understand taxes and to help you to stay out of trouble with the IRS. Timalyn provides a tremendous amount of free information on her podcast and on her  YouTube Channel.  If you'd like personal advice, based on your specific situation, you can book a paid consultation with her.  The Underground Economy Surprisingly, many of us are probably participating in the underground economy without thinking, or realizing, we're doing it.  Consider these everyday activities: ●      Selling or buying something at a garage sale ●      Paying cash or accepting cash for tutoring ●      Paying cash or accepting cash for raking leaves or shoveling snow The IRS knows these activities happen, but they can't really track it.  However, some people purposefully take advantage of the activities to avoid paying taxes.  If the IRS proves that you have engaged in tax evasion, they will assess penalties in addition to the back taxes owed. Tax Evasion This is defined as the failure to report income or the deliberate underpayment of taxes.  If you are a W2 employee, taxes are normally deducted from your paycheck, based on your W-4 .  If you deliberately complete your W-4 without having any taxes withheld, it's considered tax evasion.  If you are a traveling nurse who will make 6-figures or more in a tax year, you should definitely make sure you are not going “exempt” on your W-4.  It's deliberately underpaying your taxes. If the IRS pursues and proves you are committing tax evasion, you will be forced to pay your back taxes and penalties.  However, Timalyn explains that you can also face up to 5 years in prison.  Is it really worth the risk?  Timalyn reminds us that Al Capone was ultimately convicted of tax evasion, because they were having problems convicting him on other charges.  He was sentenced to more than 5 years because they were able to add additional charges.  Martha Stewart and Willie Nelson were both penalized for crimes related to tax evasion.  Actors Nicolas Cage and Wesley Snipes also ran into legal problems involving taxes.  Timalyn also provides the example of a North Carolina man sentenced to a 36-month prison sentence for tax evasion.  He didn't file individual tax returns for 20 years.  He fraudulently filed W-4s that falsely claimed he was exempt from federal and state income tax withholdings.  You May Not Be Required to File Federal a Tax Return There are some circumstances in which you may not be required to file a federal return.  Some of these include: ●      You only receive social security income and no other sources of income ●      Your earned income is lower than the standard deduction and you have no other sources of income By the way, if you failed to file a federal tax return you were required to submit, you may have forfeited your right to any refund that may have been payable to you, based on the length of time that has elapsed. Remember, if your tax returns are late by 5 months or longer, you could be assessed a Failure to File penalty of up to 25% of the tax liability.  Under specific circumstances, you may be eligible for Reasonable Cause Penalty Abatement, which erases the penalty.  If you have unfiled tax returns and you know you owe taxes, you'll be assessed with the Failure to Pay Penalty.  You need to seek out an experienced, qualified tax professional to help you with your situation.  In Episode 33, Timalyn explains Tax Representation and how it can help you.    The bottom line is that it's time for you to be proactive in resolving your tax debt issues.  As Timalyn mentioned early in this episode, she encourages you to review the free information she's provided on YouTube and in the previous episodes of this podcast.  If you're ready to talk about your options, book an appointment with Timalyn.  There's link in the below paragraphs.  The IRS is serious about tax debt.  Timalyn Bowens is serious about helping you to resolve it. Please consider sharing this episode with your friends and family.  There are many people dealing with tax issues, and you may not know about it.  This information might be helpful to someone who really needs it.  After all, back taxes shouldn't ruin their life either. As we conclude Episode 34, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, Google Podcasts, and many other podcast platforms.   Remember, Timalyn Bowens is America's Favorite EA and she's here to fill the tax literacy gap, one taxpayer at a time.  Thanks for listening to today's episode. For more information about tax relief options, visit https://www.Bowenstaxsolutions.com/ . If you have any feedback, or suggestions for an upcoming episode topic, please submit them here:  https://www.americasfavoriteea.com/contact. Disclaimer:  This podcast is for informational and educational purposes only.  It provides a framework and possible solutions for solving your tax problems, but it is not legally binding.  Please consult your tax professional regarding your specific tax situation.

Today, I'm sharing some tax basics and diving into tax schedules including what tax schedules are and why they exist. I'm also diving into capital gains, itemized deductions and self employment tax.    Join me in this informative episode to learn more about how tax schedules work, how they relate to you and how you can use this information during tax season to make your life easier.    Also mentioned in today's episode:    The basic structure of a tax return 3:57 What are schedules and why do they exist 7:14 Itemized deductions 10:17 Capital gains 19:30 If you enjoyed this episode, please rate, review and share it!    Links:   Free visual deductions guide Capital gains rate chart   Medical Deductions episode: https://pod.link/1640538610/episode/d579b85892ff41b9683a97ccc1dfc60b   Itemizing vs Business Deductions: Ending the Confusion: https://pod.link/1640538610/episode/22ba8efc03cd973d2684f4bc6f424e9d        

Episode 241ALTERNATE TITLES: Spilling the Beans, Poor Man's Solution, (0:23)  Welcome.(03:55) Split or Itemizing the restaurant bill.(14:00) Getting your money's worth.(20:15) Poor Man's Ceviche.(31:15) The Party Room.(40:00) LISTENER QUESTION: Married to your own cousin.(54:10) Chucky doll is actually evil!(57:25) Break-up Sex.

HAVE YOU SUBSCRIBED TO "Before the Bell?" https://www.youtube.com/channel/UCFmyKJKseEMQp1d14AjvMUw (2/24/23) It's "Go Texas Day," with boot-buying tips for the uninitiated; The Fed's target rate has risen to north of 5%: Be prepared to "call an audible." The good news about higher interest rates: Better yields on bonds. Tax Tips for 2022 you can still use now: deductible IRA contributions, self-employment Roth; prepare to "go back" to the old tax code with higher rates. The triple-benefits of HSA's. HSA's vs FSA's; Itemizing vs Standard Deduction; the hierarchy of savings: putting enough into HSA to get the match. Target Date Fun theory vs reality; options for annuities. SEG-1: Go Texan Day & Market Commentary: Fed Target Rate Rises SEG-2: Tax Tips You Can Still Use for 2022 SEG-3: HSA's vs FSA's & The Hierarchy of Savings SEG-4: Target Date Funds Theory vs Reality Hosted by RIA Advisors Senior Advisor Danny Ratliff, CFP, w Senior Advisor, Jon Penn, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=gdMHTr-Y240&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Markets Consolidate: What Should You Do?" is here: https://www.youtube.com/watch?v=zNYwjkEDPIo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "The 'No-landing' Scenario is a No-go" https://www.youtube.com/watch?v=HA5zXenJcjU&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #2022Taxes #InterestRates #HSA #FSA #Annuities #IRA #Roth #FederalReserve #Inflation #Markets #Money #Investing

HAVE YOU SUBSCRIBED TO "Before the Bell?" https://www.youtube.com/channel/UCFmyKJKseEMQp1d14AjvMUw (2/24/23) It's "Go Texas Day," with boot-buying tips for the uninitiated; The Fed's target rate has risen to north of 5%: Be prepared to "call an audible." The good news about higher interest rates: Better yields on bonds. Tax Tips for 2022 you can still use now: deductible IRA contributions, self-employment Roth; prepare to "go back" to the old tax code with higher rates. The triple-benefits of HSA's. HSA's vs FSA's; Itemizing vs Standard Deduction; the hierarchy of savings: putting enough into HSA to get the match. Target Date Fun theory vs reality; options for annuities.  SEG-1: Go Texan Day & Market Commentary: Fed Target Rate Rises SEG-2: Tax Tips You Can Still Use for 2022 SEG-3: HSA's vs FSA's & The Hierarchy of Savings SEG-4: Target Date Funds Theory vs Reality Hosted by RIA Advisors Senior Advisor Danny Ratliff, CFP, w Senior Advisor, Jon Penn, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=gdMHTr-Y240&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Markets Consolidate: What Should You Do?" is here: https://www.youtube.com/watch?v=zNYwjkEDPIo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  --------  Our previous show is here: "The 'No-landing' Scenario is a No-go" https://www.youtube.com/watch?v=HA5zXenJcjU&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #2022Taxes #InterestRates #HSA #FSA #Annuities #IRA #Roth #FederalReserve #Inflation #Markets #Money #Investing

Dr. Friday 0:00 Good day. I'm Dr. Friday, President of Dr. Friday's Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment. Dr. Friday 0:12 If you're thinking about itemizing, do remember that we do have a $10,000 cap on what we refer to as the salt tax, which is state and income or sales tax, which is what we have property tax and remember under property taxes, all properties that you own that you pay tax on even if they are not rental properties, because that would go on a different schedule, if you have land and things that would go under there. And so if that all adds up to more than $10,000, You're only going to be able to claim the $10,000. That really hurts people that live out of state like California. If you need help, call 615-367-0819. Announcer 0:51 You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

So what were the concessions Kevin McCarthy had to make to secure enough votes to be Speaker of the House? KVI's John Carlson looks at the list. Among them, 1.) all future Congressional bills will be limited to a single subject, 2.) no more 'proxy' voting by members not on the Capitol campus, 3.) 72 hour requirement before voting on a bill, 4.) any mandatory spending increases off-set by mandatory spending cuts, 5.) any tax increases will now require a 60% super-majority (which is what WA voters enacted two decades ago).

If you're a creative entrepreneur, you may be confused about itemizing vs business deductions, and whether to itemize or take the standard deduction when you're filing your taxes.  Today, I'm diving into the details of business deductions and itemizing as a creative, the differences between the two, and exactly how to know if you should be itemizing. I'm also sharing the civic side of taxes and some of the built-in biases that exist within our tax system.     Also mentioned in today's episode:  Schedule C and who gets to file it 3:09 What are business deductions 6:25 The standard deduction for 2022 12:09 What are itemized deductions 14:25 The difference between itemized deductions and business deductions 22:05 The equity issues behind itemized and standard deductions 23:36 Why the tax code favors home ownership 29:10 Exactly how to know if you itemize 32:40   If you enjoyed this episode, please rate, review and share it.   Links: https://www.sunlighttax.com/deductionsguide

Covid 19: How did we get to where we are today? Starting with EVENT 201? Itemizing the steps of the Covid Plandemic. Joe Biden is giving control of our “Public

Covid 19: How did we get to where we are today? Starting with EVENT 201? Itemizing the steps of the Covid Plandemic. Joe Biden is giving control of our “Public

The theme this week on the Retirement Quick Tips Podcast is: Analyze Your Tax Return Like A CPA. Today, I'm talking about tax deductions. The place to start better understanding your tax deductions is by looking at your tax return to see if you claimed the standard deduction in 2021 or if you itemized your deductions instead. Whether you itemize or claim the standard deduction can change from year to year, so it's helpful to understand whether or not you're likely going to keep claiming the standard deduction or if you will itemize in 2022. For this I recommend better understanding some of the biggest types of deductions you can itemize, and also looking back a few years to see the history of what you did over multiple years.  More people will choose to claim the standard deduction, which will be $25,900 this year if you're married, or $12,950 if you're single.  Itemizing vs. taking the standard deduction has several implications for your investment and retirement planning decisions. The most common itemized deductions are those for state and local taxes (aka SALT), mortgage interest, charitable contributions, and medical and dental expenses. If you're claiming the standard deduction, then these tax deductions won't benefit you, unless you itemize instead and the itemized deduction amounts to a higher amount that you would have claimed on the standard deduction.  I know this is getting a little technical, but here's why it matters: Knowing whether or not you itemize or if you claim the standard deduction will help inform your strategy on important financial planning decisions like charitable giving and paying off your house early.  Many people believe that they're still benefiting somewhere on their taxes from their mortgage interest deduction, and other itemized deductions, so they don't mind having a mortgage payment because someone at some point told them they were getting a tax break for keeping that mortgage payment. But all of that goes out the window when you claim the standard deduction and don't itemize. No more SALT deduction, no more mortgage interest deduction, and no tax benefit on certain charitable contributions.  I'll actually talk more about charitable giving later this week, but for now, check out your tax return to see if you itemized last year or claimed the standard deduction, and know that if it's better for you to claim the standard deduction, you may want to be more strategic with your charitable giving and mortgage payoff decisions.  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  --------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Tom Fox is talking about purpose in this solo episode of the ESG Report. He shares insights from an HBR article, What Is The Purpose of Your Purpose written by Jonathan Knowles, Tom Hunsaker, Hannah Grove and Allison James, that talks about aligning your ESG program to your corporate purpose.  The Three Senses of Purpose The authors identify the three senses of purpose: competence, culture and cause. There are gaps in these senses that compliance officers must overcome: The cause competence gap - the lack of alignment with your business and why it exists. The competence culture gap - where the company is valued by its customers but treats its employees poorly through low wages or an intolerant environment. The culture cause gap - where the company has a clearly defined cause but employee engagement on that cause is very low. Finding Your Corporate Purpose The authors map out a five-step approach to finding your corporate purpose, and also remedying the sense gaps. Itemizing the types of interests for your ESG program, and getting those departments to work together, will be crucial in order to get them to buy into the ESG approach. Understanding the three senses of purpose and their advantages will help compliance officers develop a clear sense of business objectives. Asking questions about your organization's credibility to do good and bring value to society, will keep you focused on the bigger picture and help to ensure ethical behavior. By embedding purpose in corporate behavior, and from a bottom-up perspective, purpose can increase authenticity and engagement from the day-to-day experiences of customers and employees.  The Importance of Purpose Purpose can increase customers' preference for your products and services. Purpose can boost employee engagement. "The employees have to believe in your compliance program and do business in your compliance program by believing in it," Tom quotes. The purpose of your organization and your ESG program can help with this. Purpose and ESG can help reinforce a company's reputation as a good corporate citizen. Finally, purpose and ESG will allow you to respond to crises and risks in a timely manner, in ways that are impactful.  Resources Tom Fox email What Is The Purpose of Your Purpose

Do you want to reduce the amount of taxes you pay? Then you might want to pick the standard deduction or itemize. Learn your options!

Do you want to reduce the amount of taxes you pay? Then you might want to pick the standard deduction or itemize. Learn your options! The post The Standard Deduction or Itemizing Your Tax Return | Which Is Best? appeared first on The College Investor.

The end of the year is a great time to start tax planning for next year.  Video example: https://youtu.be/lzghkK2iP3Q This week we are discussing the strategies you can utilize to enhance your tax situation before year-end. You'll learn which tools you can use and how the actions you take in one area of your financial life can flow into other areas.   Are you maximizing your retirement account contributions? When considering your pre-tax retirement account contributions there are a couple of aspects that you should consider. These contributions are a great way to reduce your tax burden, but you also need to examine your cash flow.  Do you maximize your employer match? If not, look at your budget to see how you could take advantage of this free money. You could also take your savings a step further to maximize the pre-tax retirement account contribution cap. In 2021, the yearly max was $19,500, but in 2022 that number rises to $20,500.  If you are maximizing your savings, it is important to review whether you are at risk of over-contributing both this year and next. After analyzing the amount that you want to save, then you can consider which account type is best for you to save in.  Harvesting capital losses or capital gains Another tax opportunity is to harvest capital gains and losses. Harvesting capital losses can offset any capital gains that you have realized over the year. This year it may be difficult to find capital losses; however, this is a concept that you can explore so that you can understand how it impacts your tax return. Harvesting capital losses creates an opportunity to reduce your tax burden.  Itemizing vs taking the standard deduction The standard deduction changed in 2017 to $12,500 for singles and $25,100 for married people filing jointly and thus causing 90% of filers to utilize the standard deduction. There are 4 deduction categories to consider when calculating whether to take the standard deduction or to itemize deductions: state and local income taxes, mortgage interest, charitable contributions, and medical deductions. Listen in to learn if you should take the standard deduction or whether it would make sense to itemize, you'll also hear how you could receive a tax benefit of $600 for charitable contributions. Should you utilize Roth conversions? Roth conversions can be an exciting opportunity to take advantage of current tax rates and have your investments grow tax-free. However, you have to be careful about how you take them. The best way to consider whether to make Roth conversions is to zoom out and look at your overall lifetime tax plan.  If you are in a higher tax bracket than you are projected to be in the future then taking a Roth conversion now doesn't make much sense. You also need to consider how taking a Roth conversion now could trigger other events, especially if you are 63 or older. Listen in to hear how doing a Roth conversion at age 63 could trigger an additional Medicare premium.  Outline of This Episode [2:42] Your retirement account contributions [6:00] Harvesting capital losses or capital gains [8:47] Review your deductions [14:23] How to utilize Roth conversions [18:05] Tax withholding for high earners [20:58] Utilize catch-up contributions to supersize your savings [27:50] RMDs are back in 2021 [29:39] Create a checklist of these opportunities Resources & People Mentioned Am I Going to Have to Pay More for Medicare? How an IRMAA Appeal Can Save You Thousands of Dollars in Medicare Premiums Connect With Chad and Grayson https://www.financialsymmetry.com/podcast-archive/  Connect on Twitter @csmithraleigh @TeamFSINC Follow Financial Symmetry on FacebookSubscribe To This Podcast

"They don't care" is the moniker that best describes Republican orthodoxy. Matthew Dowd, in his enumeration, makes it clear. Mathew Dowd first itemizes three issues that make clear the GOP means well for no one but a select few while speaking to Nicolle Wallace. --- If you like what we do please do the following! Most Independent Media outlets continue to struggle to raise the funds they need to operate much like the smaller outlets like Politics Done Right SUBSCRIBE to our YouTube Channel here. LIKE our Facebook Page here. Share our blogs, podcasts, and videos. Get our books here. Become a YouTube PDR Posse Member here. Become a Politics Done Right Subscriber via Patreon here. Become a Politics Done Right Subscriber via Facebook here. Consider providing a contribution here. Please consider supporting our GoFundMe equipment fund here. --- Support this podcast: https://anchor.fm/egbertowillies/support

Calling all future and current homeowners!! It's tax season, so it's only "Wright" that we talk about the tax benefits of homeownership. Joining us this episode is Olivia Wright of Wright Choice Bookkeeping. She gives us all the details on deductions, itemizing and tax breaks. Wanna learn more? Listen in for al the juicy details. 2:26 The Best Time to Purchase a Home to Receive Tax Deductions 4:02 Mortgage Insurance/Interest Deductions and Other Types of Deductions 6:09 Tax Filing Status and How it Works When Buying a Home 9:02 The Most Common Homeowner Tax Deductions 10:55 The Most Common Deductions Homebuyers Try to Take But Cannot 14:25 Itemizing and If It Is Necessary 18:04 First-time Homebuyers versus Repeat Buyers 19:22 Deeds and Tax Deductions 20:45 Tax Deductions for Multiple Properties 22:23 Tax Breaks for Various Types of Properties Olivia Wright of Wright Choice Bookkeeping Facebook: Wright Choice Bookkeeping Instagram: @wrightchoicebookkeeping_llc Email: wrightchoicebookkeeping@yahoo.com Website: http://www.wrightchoicebookkeeping.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/getkeyswithkim/message Support this podcast: https://anchor.fm/getkeyswithkim/support

Grab your favorite notes app or an old-school legal pad. India shares tangible actions that’ll help you audit your social media presence with ease. Getting a handle on your myriad platform handles lays the groundwork for establishing a more focused brand visibility strategy. That awareness can open up so much room to create change; this detailed social media audit is an essential element in that process.  In this discussion: The why behind conducting a social media audit Itemizing your digital past and present  Breaking down individual page personas and follower characteristics Assessing your emotional energy when engaging with each platform Taking control of your active and abandoned accounts Identifying who’s supporting Getting real about which social media channel/s allow you to truly flaunt your fire Read the article: http://www.flauntyourfire.com/theshow Your Actions For This Episode A successful social media audit is fueled by your passion, your persistence, and the support of expert facilitators. Get on over to  PauseOnThePlay.com/community now and start your journey today.  What’s in The Community for you? How about a monthly coaching and consulting session with a committed small-group cohort? Plus visibility strategies, perspective, and experience from India Jackson. Oh, and don’t forget values integration as well as experiential DEI practices and coaching from Erica Courdae. Want more? The Community also offers virtual co-working sessions and networking opportunities to help you amplify your visibility. Join us! We’d love to see you in The Community.   *** Get support with YOUR brand visibility. Book a discovery call with The Flaunt Your Fire team: www.flauntyourfire.com Tell us what you want to hear more of on the podcast. Rate and review the show: www.flauntyourfire.com/rate

If you don't know your current tax bracket and the basics of how tax brackets work, you could make major tax mistakes during retirement. Tax brackets can impact which retirement accounts to withdraw from for income. Strategies that can potentially reduce taxes during retirement like a Roth IRA conversion also utilize knowledge of your current tax bracket. TAX BRACKET BASICS The fundamentals of tax brackets Brackets use a progressive tax How your 401(k) and IRAs will be taxed during retirement TAX RETURN BASICS Gross income Adjusted gross income, above the line deductions, and below the line deductions Itemizing vs the standard deduction Taxable income APPLYING THE TAX BRACKET BASICS Maxing out a tax bracket The next dollar earned Roth Conversion - An example of a married couple maxing out a 12% bracket RMDS AND TAXES RMD basics at 72 Opportunities to do Roth conversions ACTION STEPS If you're within 10 years of retirement and looking to create strategies around replacing your paycheck, deciding when to take Social Security, and invest during retirement, I'd invite you to set up an appointment with us at Thrive Retirement Planning, either in person or virtually, where we can get to know each other. Simply call 801-810-8434 or go to thriverp.com and click on get started to learn more.  Do you have questions about when to take Social Security and how to maximize your benefit? Take our free online Social Security Masterclass by going to thriverp.com/ss.

Stepp & Rothwell Managing Partner Ken Eaton discusses the tax realities of the two economic-stimulus payments made in 2020 and how to address them on your tax returns. He also looks at the current legislation regarding a possible third round of stimulus, as well as addresses other timely topics.

This episode is also available as a blog post: https://tax-turbo.com/most-taxpayers-can-deduct-up-to-300-in-charitable-contributions-without-itemizing-deductions/ --- Send in a voice message: https://anchor.fm/bobby-c-williams-jr/message

Tax season is upon us. By now you should have received all or most of your documents for preparing your personal returns. The IRS will start accepting them on Feb. 12 this year with April 15 the deadline. Join Stepp & Rothwell Principal Advisor Dan Shay as he discusses what you need in hand, and what you should consider, as you or your accountant prepare your tax return. He also explores some of the unique tax opportunities, expectations and realities brought on by the CARES Act.

As a result of the COVID-19 pandemic, more people than ever are having to work from home. This has led to many people wondering if they are able to take a tax deduction for their home office, for things such as utilities, mortgage interest, insurance, and other expenses associated with that space of their home. In this episode, I dive into this topic and help you understand whether or not you qualify. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

There’s a lot to consider as your business grows. When I started my studio, I was my only employee. It wasn’t too long before I realized I needed to hire some people on to keep things running. I was hesitant. It costs a lot to take on employees. But what I soon realized was that a larger team led to more and better work in the long run. Key Takeaways There’s a cost in hiring employees. However, having a team allows you to focus on the work you need to. When done thoughtfully and intentionally, growing your team leads to more clients, higher quality work, and more overall satisfaction in the end. It’s important that clients understand how you build your budget. Itemizing the gear you use will help convey the value of the work they receive. It may be useful to ask them their budget from the start and let them know what you can realistically offer within that. Attitude is everything when working with clients. You’re there to help your clients achieve their goals. Staying positive and supportive while offering your expertise will lead to high levels of satisfaction and repeat business. About Ariel Martinez Ariel Martinez is a Miami-Based documentary filmmaker specializing in storytelling, cinematography, commercial video production, and conference videography. With over 10 years as a freelancer, he has specialized in operating as a one-man-band without compromise. Considerations About Growing Your Team As someone who handles all aspects of production, Ariel strives to offer his clients quality work at a lower cost. With the right vision and gear, he is able to get clients, shoot video, edit, and deliver outstanding films. But it’s a lot of work, not all of it what he’d prefer to do. We discuss what growing a team looks like as a business expands and the benefits and drawbacks of doing so. Presenting Your Gear and Attitude to Clients Ariel owns a lot of his own gear. Of course, there are quite a bit of upfront costs in acquiring it. We talk about building those costs into your pricing models. Ariel has found that by itemizing the gear used and presenting that to clients in a budget, they’ll better understand the value of what they pay for. Perhaps the most important asset to growth and longevity is a positive attitude. Ariel and I have seen this in action. Remember, you are there to serve your clients and their vision. While you should still offer your expert opinion, it’s crucial that you do so in a positive manner. People will remember your attitude as much as they remember the work itself. Have you grown a team? Let me know how it has paid off in the comments on the episode page! How do you bring a positive attitude to the set every day? Tell me in the comments on the episode page!   In This Episode: How Ariel got into freelance video production [6:00] The challenges and advantages that come with working by yourself versus building a team [13:52] How to charge for jobs while serving clients at a high level [25:30] What happens when you own your own gear [35:10] The importance of positivity to grow your business [42:38]   Quotes “It’s really a dream come true for me that I can do what I love, enjoy it so much, and have flexibility.” [13:16] “I don’t think there’s a wrong or right way to do things. There’s what you enjoy. There’s what makes more money. There’s what makes less money. There’s different tactics that you can take on every avenue that you consider.” [24:20] “You might be the professional that they’re looking for. But at the same time, you have to serve them for what they’re looking for. They might want to go in a certain direction. Whether you agree with it or not, you’re there to serve them and their vision, not your own.” [43:46] “Just keep pushing. Love the passion. Love the work. Love the process. Just never stop learning.” [49:53]   Links: Download the 30-day guide to jumpstart your video business Find Ariel Martinez online Follow Ariel on Instagram | Vimeo | Facebook | Twitter | YouTube iFilmmaker Podcast   Additional Links: Check out the full show notes page Do you have something to share on this podcast? Fill out this form here. Be sure to take the Studio Sherpas survey for a chance to win some incredible prizes (if we do say so ourselves!) Stay up to date with everything we're doing at Studio Sherpas Tune in to our weekly Facebook Lives Follow Studio Sherpas on Facebook | Twitter | Instagram If you haven't already, we'd love it if you would take 1 minute to leave us a review on iTunes!

A brief summary of this episode

Six Tax Deductions to claim without itemizing: 1. IRA Contributions 2. HSA Contributions 3. Self-employment tax 4. Health insurance premiums 5. Educator expenses 6. Student loan interest Mistakes to avoid: 1. Wrong Social Security Number 2. Choosing the wrong tax-filing status 3. Writing off itemizing before calculating the numbers 4. Failing to report all of your income 5. Filing your taxes on paper

Dr. Friday 0:00 Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment. Maybe you’re sitting there listening and saying what in the heck is this person talking about taxes when it’s already a new year. And we don’t even have to worry about some of these things. Because if you don’t know what the tax law has in store for you, trust me, you’re going to leave money on the table. Some of you, you have a W-2 and that is all you have, and maybe you have a home. But under the current tax law, you’re probably not itemizing. Therefore, yes, you can do a fast and easy online tax form and not worry about it. But if you’ve got rental properties, a small business, do a lot of stock sales, or you’ve sold your business or something you need to call me at 615-367-0819 and get a little help with your taxes. Announcer 0:53 You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.

No guest this week as Bob and I dip into the mail bag.We welcome your questions - send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter.podcastClick to listen - Alt click to downloadShow Notes[00:00]  Introduction of show featuring questions from listeners[00:38]  Should I player have given his SSN after winning a drawing?[03:12]  Book recommendations for roulette and baccarat[06:00]  What banks in Las Vegas are gambler-friendly?[10:38]  Optimal strategy for a weekly football pool[12:55]  Betting a Hi-Lo count that rises suddenly[14:40]  Strategy for video blackjack with 6-card Charlie[16:23]  Itemizing under the new tax code as a non-professional gambler[18:53]  Raising the W2-G limit[21:26]  Is 9/6 Double Double Bonus the same in different casinos?[24:36]  Will there be a third Sex, Lies, and Video Poker book?[26:25]  Is there a market for an AP course in beating slots?[30:05]  Sportsbook bonus strategy[32:09]  South Point Casino December Promotions - half price points until 12/24, free VP classes on 1/14[33:16]  Predictit.org/promo/edge - place small bets on political events, $20 deposit match for GWAE listeners[35:32]  BlackjackApprenticeship.com - card counting training website and forum[37:09]  VideoPoker.com/gwae - Gold membership offers correction on most games, 1000-hand Pro membership trial for GWAE listeners[38:15]  How is the "Dream Card" triggered?[40:45]  Do Bob and Richard play slots for fun?[44:44]  Do Bob and Richard still enjoy playing their favorite games?[47:57]  Recommended:  Sweet Tomatoes, Planet Money podcastSonsorsSouthPointCasino.comPredictit.org/promo/edgeBlackjackapprenticeship.comVideoPoker.com/gwaeBobDancer.com/seminarsRecommendedSweetTomatoes.comPlanet Money slot episode - https://www.stitcher.com/s?eid=65789924&refid=asaBeating the Wheel:  Winning Strategies at Roulette by Russel T. Barnhart https://amzn.to/34frDKLThe Eudaemonic Pie by Thomas A. Bass https://amzn.to/2RLGdXu

Dr. Friday Good day. I'm Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one minute moment. Should I take a standard deduction or itemize? You know, I always find it so fascinating that people really, really, really want to itemize. Itemizing in itself means that you have a lot of debt because the biggest thing we can itemize in most cases is mortgage interest. Now there are obviously charitable contributions, which I have many clients that do give a lot of money. Itemizing only wins when you're doing it, but the fact is, the standard deduction right now keeps going up. So we got $12,200, $24,400 in the 2019 tax year. So if you can't itemize, don't worry. Just make sure you pay your debts. Call me if you have questions. Announcer You can catch the Doctor Friday Call-in Show live every Saturday afternoon from two to 3pm right here on 99.7 WTN.

The denizens of the Swamp like to hand out favors via the tax code. However, very few people are itemizing their deductions which means very few people can get these favors. Why? Because of the 2017 Tax Cuts and Jobs Act. Listen to see how the Swamp shot themselves in their collective foot.

We Talk about the 2020 Census with Lt Gov Mike Cooney Brian Kilmeade on the Goverment Shutdown Sen Steve Daines on the Wall and Becky Spencer on Itemizing your Montana Taxes

Should you take the standard deduction or itemize?

Estate Tax is Out Today President Trump announced some of the details of his highly-anticipated tax reform, which is really not tax reform, it's more of a tax cut masquerading as a reform. I would say the best part about it is the elimination of the estate tax.  That, in and of itself is a very substantial improvement. That tax should not be there;  it raises very little revenue but does tremendous damage to businesses.  It impedes the ability of a family business to be passed down from generation. It leads to the destruction and dismantling of businesses, the loss of know-how, ingenuity and jobs. Fewer Tax Brackets As far as the rest of the plan, I like lower taxes, I like fewer brackets (I'd like to have just one bracket - I'd like to flatten it all the way down to zero). Under the President's plan, the brackets are 12, 25 and 35%.  I'd just as soon it would be one bracket of 25%.  If we are going to have an income tax let's let everybody pay the same rate. The new plan is an improvement over the number of brackets we have now. But again, remember, some future President can just expand on these brackets. In fact they're already talking about a fourth bracket because the highest bracket, 35% represents a reduction of the current top rate of 39.6%.  Of course you have to add the 39% Obamacare tax and, of course a lot of people have to add the state income taxes. State and Local Taxes No Longer Deductible By the way, if this version of the bill passes, state taxes will no longer be deductible. That was the one deduction that they were willing to give up, state and local taxes, but they preserved the home mortgage deduction. Personally, I'd rather see it the other way around: get rid of the home mortgage deduction and allow people to deduct their state and local income taxes.  I have a problem on taxing people on money they never got.  If the state taxes you, you never get that money.  Why should the Federal government tax you on the money the state took from you before you had a chance to get it?  I did a podcast on that idea. I think you can't take income that was taken from the citizens by the state.  In fact it may even be unconstitutional. Home Mortgage Deduction is All Politics Why keep the home mortgage deduction? It's all politics.  That deduction is bad economics. If we're going to have an income tax, you don't have a choice about whether or not to pay state and local taxes, but you have a choice about whether or not to buy a house. You shouldn't get a deduction on your income tax based on the way you choose to spend your money. That's the government trying to micro-manage buying decisions, trying to distort and influence the economy. But the housing industry is a strong lobby and they influence the tax code. It's because of the swamp creatures that the mortgage deduction is there. Standard Deduction is Doubled Now the standard deduction is doubled. What this means is more people utilize this standard deduction, fewer people will itemize.  Itemizing is less advantageous because you can't include your state and local taxes. Now if you own real estate, right now you deduct not only your mortgage but your property taxes. If you can no longer deduct your property taxes, obviously that will reduce the value of real estate because it increases the after tax cost of owning it.  

"Rob Black & Your Money" - Radio Show February 7 - KDOW 1220 AM (7a-9a) Rob Black talks about Facebook, itemizing, the stock market, & chats with Briefing.com's Chief Market Analyst Patrick O'Hare about market growth.See omnystudio.com/listener for privacy information.

"Rob Black & Your Money" - Radio Show February 7 - KDOW 1220 AM (7a-9a) Rob Black talks about Facebook, itemizing, the stock market, & chats with Briefing.com's Chief Market Analyst Patrick O'Hare about market growth.

TOP holiday shopping tips. "The Money Classroom" is back in session led by Royce Sutton Vice President and Community Development Manager of Fifth Third Bank with some seasonal tips for the crazy shopping season! In this episode we hear some valuable tips to keep it real this Christmas. In this episode we learn – •How to ensure January and the New Year don't bring pain and stress after overspending in November and December. •How to set a plan for Holiday spending and how to stick to it. •Itemizing expenditure on gifts, food necessities, entertainment, travel, charitable donations and even decorations on a holiday budget is a great starting point. •Why it is important to track this budget on a weekly basis to keep everything real and in perspective. •How to be realistic and honest enough to set budgets on what you intend to spend on each family member, and stick to it. •How using cash instead of flexing plastic at every opportunity is a tangible way to keep spending under control – when you're out, you're out! •Why does purchasing local when possible supports our community? •How shopping earlier and shopping when crowds are smaller will cause you to spend less when there's no pressure on. •What are the advantages of doing a research run instead of spending on impulse? •How buying stock instead of irrational presents can be a valuable present –even for children and other gifts on the same level. •The importance of ensuring the site you are shopping is a secure site, and how you can recognize this when shopping online. •How to shop safely – ensuring you're secure and your car is secure. •The importance of ensuring your safety at ATM's when withdrawing money for shopping. •How to recognize what is truly important about the holiday season…Not necessarily the value and quantity of gifts. Happy Holidays

TOP holiday shopping tips. "The Money Classroom" is back in session led by Royce Sutton Vice President and Community Development Manager of Fifth Third Bank with some seasonal tips for the crazy shopping season! In this episode we hear some valuable tips to keep it real this Christmas. In this episode we learn – •How to ensure January and the New Year don’t bring pain and stress after overspending in November and December. •How to set a plan for Holiday spending and how to stick to it. •Itemizing expenditure on gifts, food necessities, entertainment, travel, charitable donations and even decorations on a holiday budget is a great starting point. •Why it is important to track this budget on a weekly basis to keep everything real and in perspective. •How to be realistic and honest enough to set budgets on what you intend to spend on each family member, and stick to it. •How using cash instead of flexing plastic at every opportunity is a tangible way to keep spending under control – when you’re out, you’re out! •Why does purchasing local when possible supports our community? •How shopping earlier and shopping when crowds are smaller will cause you to spend less when there’s no pressure on. •What are the advantages of doing a research run instead of spending on impulse? •How buying stock instead of irrational presents can be a valuable present –even for children and other gifts on the same level. •The importance of ensuring the site you are shopping is a secure site, and how you can recognize this when shopping online. •How to shop safely – ensuring you’re secure and your car is secure. •The importance of ensuring your safety at ATM’s when withdrawing money for shopping. •How to recognize what is truly important about the holiday season…Not necessarily the value and quantity of gifts. Happy Holidays

This Week's Podcast: "Tax Deductions for Volunteers". Itemizing your volunteer expenses now can pay off in the upcoming tax season. Author Conrad Teitell, partner in the law firm, Cummings and Lockwood, LLC, is also editor of the monthly newletter, Taxwise Giving. This article can be viewed at http://www.tgci.com/magazine/Tax Deductions for Volunteers.pdf The Grantsmanship Center, the leader in grant proposal writing training: www.tgci.com