Podcasts about new tax law

Get my Monthly Newsletter here Today Erica talks about the brand new Beneficial Ownership Information (BOI) reporting law, which went into effect on January 1, 2024. Geared toward small business owners, consultants, and agency owners, this law mandates reporting to the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Department of Treasury. Inside, you'll find the answers to such questions as: What is the Corporate Transparency Act? Who is exempt from these requirements? Can I file my BOI report myself, or do I need a professional? What information do I need to file my business's report? What are the deadlines for filing? If you haven't filed this yet, listen to the Bonus episode: Live BOI Application Walkthrough, where Erica walks you through the process as she completes it for her own business.   Important links mentioned in this episode: Link to BOI Reporting | https://www.fincen.gov/boi BOI Brochure | https://www.fincen.gov/sites/default/files/shared/BOI%20Informational%20Brochure%20508C.pdf Exemption from Reporting | https://www.fincen.gov/boi-faqs#C_2   Connect with Erica: Instagram  LinkedIn

Get my Monthly Newsletter here This episode of a LIVE walkthrough of Erica filing her own BOI (Beneficial Ownership Information) reporting via the FinCEN website. If you haven't already, listen to Episode 65 first.   Important links mentioned in this episode: Link to BOI Reporting | https://www.fincen.gov/boi BOI Brochure | https://www.fincen.gov/sites/default/files/shared/BOI%20Informational%20Brochure%20508C.pdf Exemption from Reporting | https://www.fincen.gov/boi-faqs#C_2   Connect with Erica: Instagram  LinkedIn

February 2, 2024 - Proposed New Tax Law

I Want to Hold Aono-kun so Badly I Could Die on Umi Shiinan kauhua, romantiikkaa, mysteerinratkaisua ja huumoria yhdistelevä kummitustarina, jossa päähenkilön poikaystävä kuoltuaan palaatakaisin haamuna. Ajankohtaisina aiheina puhumme siitä, miten Crunchyroll sulkee mangapalvelunsa kymmenen vuoden jälkeen, Petterin vierailusta Ylen Kulttuuriykkösen Ghibli-jaksossa sekä siitä, miten Japanin uusi verolaki vaikuttaa manga- ja animealan työntekijöihin. Lukujonossa aloitamme lopultakin Natsumi Andon wagashi-teemaisen murhamysteerin Something's Wrong With Us ja luemme Ogeretsu Tanakan Happy of the Endin kakkospokkarin. --- Kommentoi | Bluesky | Mastodon | X | Instagram --- (01:17) – KUULUMISET: PETTERI KÄVI JAPANISSA - Tokyo Banana - Jakso 9, jossa puhuimme British Museumin manganäyttelystä - Petterin ruoka- ja hintaketju Mastodonissa, X:ssä ja Blueskyssä (07:45) – AONO-KUN: ESITTELY - I Want to Hold Aono-kun so Badly I Could Die - Afternoon-lehti (14:16) – AONO-KUN: SARJA YLEISESTI - Paha Aono näyttäytyy Horielle ovikamerassa Kariyana (kuva) - Seksuaalisuus on isossa osassa (kuva) - "Päästä minut sisään" (kuva) - Säännöt ovat tärkeitä kummitustarinoissa (kuva) - Unet ovat epämääräisen ahdistavia (kuva) - Näitä sanoja et saa koskaan sanoa (kuva) - Koomista ilmeilyä (kuva) (26:28) – AONO-KUN: YUURI KARIYA JA RYUUHEI AONO - Romanssi normaalin Aonon kanssa on suloinen… - Salainen suudelma (kuva) - Aono ei pysty riisumaan vaatteitaan (kuva) - Sähkötolppahali (kuva) - …mutta pahan Aonon obsessiivisuus ja pyrkimys alistaa ja hyväksikäyttää on sen kanssa ikävässä kontrastissa (kuva) - Kariya kasvattaa selkärankaa (kuva) - Kariya oppii neuvottelemaan pahan Aonon kanssa, joka loppujen lopuksi on pakkomielteinen Kariyasta (kuva) - Kariya vaatii kaikki suudelmat takaisin (kuva) - Kariya ja Aono varsinaisesti vasta tutustuvat sen jälkeen, kun Aono on jo kuollut (kuva) - Aono (jota Fujimoto ei tässä näe, vaan he keskustelevat kännykän avulla) kokee ristiriitaisia tunteita, kun toisaalta haluaisi Kariyan siirtyvän eteenpäin elämässä, mutta toisaalta kaipaa Kariyaa (kuva) - Aono (Kariyan kehossa) kertoo Fujimotolle, miten koki syyllisyyttä siitä miten Kariya tykkäsi hänestä (kuva) (42:12) – AONO-KUN: FUJIMOTO JA HORIE - Fujimoto on söpö äksy poika (kuva) - Et voi pussailla tyttöjä kehossani, etkä varsinkaan asettaa kättäsi tissin alle! (Aono on Kariyan kehossa) (kuva) - Horie on kauhuleffaharrastaja (kuva) (53:11) – AONO-KUN: TAIDE JA KERRONTA - Häät hautausmaalla (kuva) - Suudelma akvaariossa (kuva) - Eteisen kukkakimppu lisääntyy ja valtaa koko asunnon (kuva) - Riivauksesta vapautumisen hämmennys (kuva) - Land of the Lustrous - Beastars, josta puhuimme jaksossa 13 (01:03:03) – AONO-KUN: KANNET - Sarjan kannet (01:07:41) – AONO-KUN: JULKAISU - Ihan hauska käännös (Aono on Fujimoton kehossa) (kuva) (01:09:30) – AONO-KUN: SPOILERIOSIO - Toisen suojeleminen tälle valehtelemalla on oikeastaan vain itsensä suojelua (kuva) - Jakso 91, jossa puhuimme sarjasta The Girl from the Other Side - Neitsyitä uhrilahjoiksi (kuva) - X-viilto (Aono on Fujimoton kehossa) (kuva) - Skitso isosisko ja välinpitämättömät vanhemmat (kuva) - Aono kommentoi asiaa (kuva) - Takauma menneisyydestä: miksi on nöyryyttävää olla se jota lyödään? (kuva) - Aonon äidillä oli rankkaa (kuva) - Käskikö äiti? (kuva) - Dinosaurus (kuva) - The Song of Saya - Yotsukubi-saman rituaali (kuva) (01:39:24) – AONO-KUN: YHTEENVETO - Higurashi: When They Cry - Pan's Labyrinth - Jakso 31, jossa puhuimme Kasanesta - Afternoon-lehti (01:44:16) – CRUNCHYROLL SULKEE DIGIMANGAPALVELUNSA - Crunchyrollin tiedote mangapalvelun sulkemisesta - Lista sarjoista, jotka palvelussa vielä on - Jakso 41, jossa puhuimme Crunchyroll Mangan HTML5-version päällekääntämisestä - Jakso 52, jossa puhuimme mangapalvelu Azukin perustamisesta - Crunchyrollin uutinen mangapalvelun avaamisesta vuodelta 2013: alun perin mangapalvelu sisältyi hintaan vain kalliimman tilauksen ostaneille - Lucifer and the Biscuit Hammer - Sun-Ken Rock - Spirit Circle - Scum's Wish - Investor Z - Girl May Kill - Joshi Kausei - Inside Mari - Insufficient Direction - Memoirs of Amorous Gentlemen - Kodansha veti sarjansa muista palveluista ja perusti oman palvelunsa - Crunchyrollin uusi mobiilipelitarjooma - Animenstriimauspalvelun striimiboksipalveluitakin on päivitetty tänä kesänä (01:52:18) – YLEN KULTTUURIYKKÖNEN JA GHIBLI - Ylen Kulttuuriykkönen 8.11.2023: Maailman tunnetuin animaattori Hayao Miyazaki sekä Studio Ghiblin uutuusleffa Poika ja haikara - Pekka Lehtosaari - Myy Lohi - Maaretin vierailu Kulttuuriykkösessä 13.7.2023, josta puhuimme Mangakartan jaksossa 87 - Afureko-blogin Äänijälki-podcast - Mamoru Hosoda - Hiromasa Yonebayashi - Petterin uutinen Ghiblin tuotannon sulkemisesta Anime-lehdessä 6/2013 (kuva) - Petterin uutinen Ghiblin tuotannon jatkumisesta Anime-lehdessä 4/2017 (kuva) - Petterin jatkoartikkeli Ghiblin tuotannon jatkumisesta Anime-lehdessä 7/2017 (kuva) - Tuottaja Toshio Suzukilla on alkanut mennä firman rahat ja omat rahat sekaisin - NTV osti Studio Ghiblin ja teki siitä tytäryhtiönsä syyskuussa 2023 - Poika ja haikara (01:59:46) – JAPANIN VEROUUDISTUS - Fullfrontal.moen informatiivinen Twitter-ketju verouudistuksesta - Unseen Japan: Will Voice Actors Quit Over Japan's New Tax Law? - The Japan Times: Freelancers aren't happy with Japan's new invoice system - The Mainichi: 27% of voice actors in Japan may quit due to 'hellish choice' with new invoice system - Ääninäyttelijöiden etujärjestö Voictionin englanniksi tekstitetty animaatiovideo verouudistuksesta (YouTube) (02:08:38) – HAMPAANKOLOSSA: EISNER JA HARVEY 2023 - Jakso 75, jossa puhuimme vuoden 2022 Eisner- ja Harvey- palkinnoista - ANN: Chainsaw Man Manga Wins Best Manga Harvey Award for 3rd Straight Year - ANN: Hayao Miyazaki's Shuna's Journey Wins Eisner Award - ANN: The Will Eisner Comic Industry Awards: A Spotlight on Quality or A Sticker for Sales? (02:14:02) – HAMPAANKOLOSSA: MANGA PLUS MAX - Jakso 91, jossa puhuimme Manga Plus -palvelun uudesta kuukausimaksullisesta tilausmallista - Henri Björnin kommentti X:ssä (ent. Twitter) (02:14:37) – KUULIJAKOMMENTTI: VANITAKSEN KIRJA JA VAMPIIRIT - Jakso 90, jossa puhuimme siitä, miten Vanitaksen kirja -mangan suomennoksessa käytetään sanaa “vampiiri” - Antti Valkaman kommentti X:ssä (ent. Twitter) - Jakso 47, jossa puhuimme sarjasta Black Rose Alice, jossa vampyyrit ovat “verta imeviä puita” (吸血樹, kyuuketsuki) eivätkä “verta imeviä hirviöitä” (吸血鬼, kyuuketsuki) kuten tavallista (02:18:13) – KUULIJAKOMMENTTI: DEVILMAN JA EPÄSOVINNAISUUS - Jakso 89, jossa puhuimme Devilmanista - Jarmon kommentti Mastodonissa - Geekkicastin sarjissilmäys Devilmanista (YouTube) - Jakso 77, jossa puhuimme Chainsaw Manista (02:20:43) – KUULIJAKOMMENTTI: COMICS CODE - Äänijälki-pocastin Cillan kommentti X:ssä (ent. Twitter) - Comics Code Authority - Seduction of the Innocent (02:24:07) – KUULIJAKOMMENTTI: THE GUY SHE WAS INTERESTED IN WASN'T A GUY AT ALL - Jakso 91, jossa puhuimme sarjasta The Guy She Was Interested in Wasn't a Guy at All - Vampirenaomin kommentti X:ssä (ent. Twitter) (02:24:44) – LUKUJONOSSA: SOMETHING'S WRONG WITH US - Something's Wrong With Us - Natsumi Ando - Kitchen Princess - Valssin aika, josta puhuimme jaksossa 58 - Be-Love-lehden lukijakunta on varsin vanhaa - Wagashit, perinteiset japanilaiset makeiset - Seirou Opera, josta puhuimme jaksossa 7 (02:39:21) – LUKUJONOSSA: HAPPY OF THE END 2 - Happy of the End - Jakso 88, jossa puhuimme Ogeretsu Tanakan tuotannosta ja sarjan ykköspokkarista - Sarjan kolmannen ja viimeisen pokkarin kansi (02:50:51) – LOPETUS - Podcast Addict - Pocket Casts  

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 And even though you don't hear a lot of tax law changes, they're constantly adding requirements enhancing credit and deduction. Back on the 29th of 2022, they came out with a new information about wages and apprenticeships. For a while, people would be able to work at a very minimal wage to basically try to learn a trade; therefore, their training was kind of less expensive because you were teaching them something. Well, they've come down the line that is enhanced the benefits for the person working, and kind of made it harder to use apprenticeship as a way of paying lower wages. If you need help, go to irs.gov. 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.

Beginning with the Tax Cuts and Jobs Act otherwise known as “Trump Tax Reform” that was passed at the end of 2017, Americans have seen significant new tax legislation passed almost annually. As we enter 2023, it appears the rate of change in tax and retirement rules is not about to slow down anytime soon with President Biden signing the SECURE Act 2.0 into law on December 29th, 2022. In this episode, we discuss how the Secure Act 2.0 makes significant changes that will impact retirement and tax planning for many families and will provide new opportunities for those who proactively adjust to the changes. If you are approaching retirement or reviewing your own tax planning strategy, we think you'll enjoy this episode. Thanks for listening! For those who are interested in even more detail about the SECURE Act 2.0, check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/secure-act-2-0-new-tax-law-new-opportunities/.

In this episode, we talk about Secure Act 2.0, the newest piece of tax legislation passed into law. We discuss the major changes, how it impacts O&G professionals, and who are the winners/losers as a result of the new rules.For more information and show notes visit: https://bwmplanning.com/episode42Connect With Us:Facebook - https://www.facebook.com/BrownleeWealthManagement/?ref=py_cLinkedin - https://www.linkedin.com/company/brownlee-wealth-management/Disclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment advice. If you have questions pertaining to your specific situation, please consult the appropriate qualified professional.

The Inflation Reduction Act contains several provisions that some analysts expect to affect stock valuations in the clean energy and the pharmaceutical industries. Today's Stocks & Topics: Interest Rates, HSY - Hershey Co., Low Risk Investments, DIS - Walt Disney Co., BTG - B2Gold Corp., GOLD - Barrick Gold Corp., BALL - Ball Corp., TELL - Tellurian Inc., Water Companies, KLIC - Kulicke & Soffa Industries Inc., ONTO - Onto Innovation Inc., CWST - Casella Waste Systems Inc. Cl A.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Adam Talks, IRA Financial's Adam Bergman Esq. discusses some possible new tax laws that could be introduced in the near future.

Adam Beesley from Adam up accounting and the Deathpiles and Taxes Podcast gives an update on 2021 Taxes www.adamupaccounting.com

The Internal Revenue Service wants tax-exempt organizations to know about recent tax law changes that might affect them. The Taxpayer Certainty and Disaster Tax Relief Act, passed on December 20, 2019, includes several provisions that may apply to tax-exempt organizations' current and previous tax years. 1. Repeal of "parking lot tax" on exempt employers 2. Tax simplification for private foundations 3. Exclusion of certain government grants by exempt utility co-ops www.fender-tax.com

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act, or the SECURE Act, became law. While many of us have heard about this in the news, what may not have been immediately apparent is the significant impact this new law could have on your retirement plan and financial goals. Scott Sturgeon, of the Mariner Wealth Advisors practice management team joins us to help simplify the details and explain who is impacted in what way.

The Tax Cuts and Jobs Act, which went into effect at the beginning of this year, created a lot of changes that will heavily affect the taxes that CRNAs pay over the next several years. Jeremy will walk you step-by-step through some new options that you should consider taking advantage of, as well as some hazards that could trip you up if you're not in the know.

Ever feel like you are paying a bit too much to Uncle Sam? A recent poll conducted by the IRS showed that some people feel you should cheat as much as possible to reduce taxes. Instead of cheating, there are legal tax strategies that you can implement to make a long-term difference. Honest Takes: 0:17 Is it OK to cheat on your taxes? A recent poll asked people how they felt about cheating on taxes. Brian wants to help you reduce taxes, but to do it legally. Some people polled said, “You can cheat as much as possible!” 2:31 How do we reduce those taxes legally? Brian shares a story about a client who wanted to reduce taxes as much as possible. Small business owners are notoriously bad at not saving money. If you’re a small business owner, there are simple ways to reduce your taxes. Brian gives examples of deductions that may help. Health savings accounts are additional examples of beneficial strategies. There are different kinds of tax attorneys; the kinds that will help you get out of tax debt and those who will help you with tax strategies. A good book to read for small business owners considering tax strategies is The New Tax Law by Edward Lyon (but you can call the show at 540-266-3100 for the book). Brian partners with Impact Tax Group to help deliver solid tax planning strategies to clients. 9:43 What if you don’t own a business and want to lower taxes? You need to look at your employer’s benefits. Understand the difference between HSA and FSA. Transition some of your taxable money over to a Roth. It’s little things that add up to a lot in the long run. Today's Truth: [spp-tweet tweet="It’s about looking at the long-term: Where are you saving? - Brian Bowen"] Subscribe: Apple Podcasts  -  Stitcher  -  TuneIn  -  Spotify  -  iHeartRadio The Host: Brian Bowen - Contact

The newly enacted Tax Cuts and Jobs Act (TCJA) impacts tax filings. When you add divorce and alimony to the... The post How the New Tax Law Affects Alimony – Gloria Petroni Law Podcast appeared first on Petroni Law Group.

Filing an income tax return can be scary and overwhelming. What if you make a mistake? What if you use the wrong form? What are the new tax reform laws? It’s no surprise that 4 in 5 Americans say they want help when they file their taxes. Fortunately, there are resources available to take the stress out of filing and give you the assurance you’ve done it right. Financial expert, Nicole Lapin joins me with information about the new tax reform laws and how they might affect returns this year. 

Filing an income tax return can be scary and overwhelming. What if you make a mistake? What if you use the wrong form? What are the new tax reform laws? It’s no surprise that 4 in 5 Americans say they want help when they file their taxes. Fortunately, there are resources available to take the stress out of filing and give you the assurance you’ve done it right. Financial expert, Nicole Lapin joins me with information about the new tax reform laws and how they might affect returns this year. 

Taxes are due on April 15 and Americans are finding out how the 2017 law affected them. Howard Gleckman, a senior fellow at the Tax Policy Center, a nonpartisan think tank, and Peter Cohn, CQ's tax editor, discuss how the law has played out for both individuals and corporations and find that it's given some a windfall, and rationalized the code for others, but hasn't done as much as Republicans expected to juice economic growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's tax time! Learn about all the new tax law changes for 2018/2019 that may be impacting you. Although you probably can't change anything about your 2018 taxes, these tips will help you better understand WHAT has changed. Knowing what has changed with your taxes can help you plan and strategize now for 2019 taxes. Get episode show notes at https://midlifemoneygal.com/004 Note: the information in this podcast is informational only and should not constitute personal financial, legal, or tax advice.

Patti strategizes with one of the Philadelphia area top CPAs, Bruce Boylston of Rothman, Boylston LLC. Together they break down nuances in the New Tax Law to share with their listeners how to save money when filing their corporate tax returns. Business owners will appreciate how easily these actionable steps can benefit them both this year and in years to come.

This tax season, returns might look very different for a lot of Americans. This week, Hans and Robby talk about what differences people 62 and older might see.   Social Security is the biggest difference for people in this age bracket. If your only income is Social Security, you will pay no income taxes on this money. If your other taxable income is small, you will pay some tax on that income, but still none on your Social Security benefit. Only when you reach higher levels of other income does your Social Security benefit become taxable. It is important to note that you will never be taxed on more than 85% of your Social Security benefit. You can lower the taxes on your Social Security if you plan ahead, especially by using money from a Roth IRA versus a traditional IRA.   If you do have money in a traditional IRA, which counts as taxable income when withdrawn, there is a way to take this money and avoid taxes. Using distributions from this account as a QCD, or Qualified Charitable Distribution, allows you to make donations directly from this account and qualify this money as nontaxable income. As Robby says, if you are already donating $100 or more a month to your church, you are over 70 ½, and you have a traditional IRA, you could be leaving a lot of money on the table.   Taxes are important, and it is important that you stay educated on all the aspects of your money in order to make sure you are paying only what is necessary, not any more. 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.

Patti sits down with one of the top CPAs in the county, Bruce Boylston, to discuss key tax planning strategies designed to save their clients' money when filing their individual returns. Patti and Bruce break down the complexities of the New Tax Law into easily comprehensible tips and strategies – just in time for the filing deadline! You do NOT want to miss this episode!

The new tax law that we're all living under now (2018) presents wonderful ways for YOU to reduce your taxes now...and in the future. But like all things, only those with the knowledge of the bill will benefit. Is it any wonder why corporations and other entities spend so much money lobbying Congress for just a line item? No, because they are knowledgeable of what they need to pay less. And they'll spend tooth and nail to try to enact that provision. But just because you don't have a multi-million dollar lobbying firm representing your interest doesn't mean you can't take advantage of what the law allows. So, in the next few videos we're going to dive into this. First, we're going to talk about capital gains. If your TAXABLE INCOME puts you in the 10 or 12% tax bracket, you will pay 0 on any capital gains you have so long as you remain in the 10-12% bracket!. This holds HUGE potential benefits, my friends. But only if you know what to look for In this video, I'll show you exactly what you need to know Look at line 13 of your tax return, your 1040. That will show how much in capital gains you had. If you have gains here and those gains put you into the 22% bracket, you've effectively lost your ability to pay no tax. Are there other things you can do to reduce your income to allow to remain in the 10-12% bracket? Look at line 14 of Schedule D on your tax return. Is there a number there? That is capital loss carryforwards, which are previous losses you had that can offset future capital gains. Do you have an appreciated stock in a non-IRA account that you can sell in order to use those capital loss carryforwards. Being proactive can reduce, potentially significantly, your tax today and in the future. For more information like this go to my blog at www.heritagewealthplanning.com And my podcast on Itunes at The Josh Scandlen Podcast. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Interest and dividend income are other areas of the tax code that punishes the ignorant. You have income on lines 8a, 8b, 9a and 9b? Why? Is there a strategic reason for earning this income in order to pay tax? If so, that's fine. Maybe you need the cash to help pay the bills, pay tuition, take a vacation, etc. However if you're receiving this income because of how your investments are designed without any strategic intent, I suggest you consider a different plan of action Let's start by looking at what types of income you have. If you have interest income, from bonds and/or CDs, this income is taxed at ordinary income rates. Worse yet, there is NOTHING you can do about it other than paying the tax on it...as ordinary income. Consider moving ANY holding you have that yields ordinary income(OI), into your Traditional IRA in order to defer those OI taxes as long as you possibly can. Remember your IRA is taxed as Ordinary Income anyway. So, having an IRA taxed at those rates PLUS having investment income taxed at the same means your paying too much in tax. If you have municipal bond income, i.e., 'tax exempt interest' consider scrapping those and instead moving into corporate and/or government bonds inside your IRA. Because municipals are tax free they offer a much lower interest rate than corporate and government bonds. So, for simplicity, say a municipal bonds yields 2.5% a corporate bond will pay more because it's income is taxed. A corporate bond with similar maturity date may pay 4%. This means it takes $320,000 in assets to yield $8,000 in income for the municipal bond but only $227,272 for the corporate bond AFTER taxes for someone in the 12% bracket! That is a significant difference in the allocation amount to corporate bonds over tax free bonds to receive the same after tax income. We don't municipal bonds, unless we're in the higher tax brackets, those above 22%. We don't want ANY bonds in our taxable account either. We want bonds in our Traditional IRA. Secondly, we want dividend paying stocks, the investments that give us income on lines 9a and 9b, in our ROTH IRA. DIvidends we don't need only cause higher taxes. Avoid that. Move your income-oriented stocks to your Roth. Lastly, we want your most aggressive holdings, ideally the ones with little to no dividends or capital gains in your taxable accounts. The unrealized appreciation on these investments cause you NO tax. Because these holdings are aggressive they should pay no dividends whatsoever. Lastly when it does come time to sell a position in order to generate cash, you can work the tax code to do it in the most tax-favored way possible. You can't do with other income you receive from your investments. Finally, at death, the growth of these aggressive accounts transfer TAX FREE to your heirs because of the step up basis rules. IRA accounts don't have that benefit. Roth IRA accounts don't have a step up in basis but they are tax free anyway, which is just as good. At the end of the day, it's up to YOU to understand the tax code to take advantage of it to your benefit. If your advisor isn't helping you with this, well, hate to sound brutal but seek a new advisor! --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

The new tax law presents challenges and opportunities for you and your CPA. In this episode, Tom reveals how CPAs are adjusting to the new tax law, and how it can benefit you to meet with your CPA before you file your tax return. This is am important episode for anyone trying to navigate the new tax law in the U.S. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast24 Learn more about your ad choices. Visit megaphone.fm/adchoices

Issue: Rick, a salesman, invited Bob, a business contact, to a baseball game. Rick purchased tickets for them to attend the game. While at the game, Rick bought hot dogs and drinks for both himself and Bob. Under the Tax Cuts and Jobs Act of 2017 (TCJA), which amended the rules regarding deductions for entertainment expenses, can Rick deduct the game tickets, hot dogs, or drinks? Answer: Based on examples provided in IRS Notice 2018-76, the baseball game is entertainment as defined in IRS Reg. Sec. 1.274-2(b)(1)(i) and, thus, the cost of the game tickets is an entertainment expense and is not deductible by Rick. The cost of the hot dogs and drinks, which are purchased separately from the game tickets, is not an entertainment expense and is not subject to the Internal Revenue Code Sec. 274(a)(1) disallowance. Therefore, Rick may deduct 50 percent of the expenses associated with the hot dogs and drinks purchased at the game. Guidance after new law. The TCJA amended Internal Revenue Code Sec. 274 to generally disallow a deduction for expenses with respect to entertainment, amusement, and recreation. However, the TCJA does not specifically address the deductibility of expenses for business meals. In Notice 2018-76, the IRS announced its intention to publish proposed regulations that will include guidance on the deductibility of expenses for certain business meals. Until the proposed regulations become effective, taxpayers may rely on the guidance in Notice 2018-76 for the treatment of certain business meals. Meal expenses. Under Sec. 274(k), a deduction is not allowed for food or beverages unless: (1) the expense is not lavish or extravagant under the circumstances; and (2) the taxpayer (or an employee of the taxpayer) is present at the furnishing of such food or beverages. Under Sec. 274(n)(1), the amount that can be deducted for any such expense for food or beverages cannot exceed 50 percent of the expense that otherwise would be allowable. Entertainment expenses. Under law prior to the enactment of the TCJA, taxpayers could deduct 50 percent of meal expenses and could also deduct 50 percent of entertainment expenses that were directly related to the active conduct of the taxpayer’s trade or business, or preceded or followed a substantial and bona fide business discussion associated with the active conduct of the taxpayer’s trade or business. The TCJA repealed the 50-percent deduction for entertainment expenses, so entertainment expenses are no longer deductible at all. Clarification of 50-percent limitation. The IRS has clarified that otherwise allowable meal expenses remain deductible, subject to the 50-percent limitation in Sec. 274(n)(1) and guidance under Notice 2018-76. According to the IRS, taxpayers may deduct 50 percent of an otherwise allowable business meal expense if: 1. The expense is an ordinary and necessary expense under Internal Revenue Code Sec. 162(a) paid or incurred during the taxable year in carrying on any trade or business; 2. The expense is not lavish or extravagant under the circumstances; 3. The taxpayer, or an employee of the taxpayer, is present at the furnishing of the food or beverages; 4. The food and beverages are provided to a current or potential business customer, client, consultant, or similar business contact; and 5. In the case of food and beverages provided during dining or at an entertainment activity, the food and beverages are purchased separately from the entertainment, or the cost of the food and beverages is stated separately from the cost of the entertainment on one or more bills, invoices, or receipts. The entertainment disallowance rule may not be circumvented through inflating the amount charged for food and beverages. Source: IRS Notice 2018-76, Expenses for Business Meals Under § 274 of the Internal Revenue Code, I.R.B 2018-42, October 15, 2018;  https://www.irs.gov/pub/irs-drop/n-18-76.pdf...

IRA Financial Group’s Adam Bergman discusses a tax law change that can have a huge impact on the bottom line of major league sports franchises.

This episode addresses the provisions of the new tax law that most commonly affect individual taxpayers. I cover the unintended consequence of relying on tax tables for withholding as well as personal exemptions, the child tax credit, the state and local income tax deduction and miscellaneous itemized deductions.

2018 is over and now the effects of the new tax law are starting to be take hold. Clearly the upper middle class and working rich have taken a major hit, especially those in high-tax states. While there were some benefits spread around, the loss of the State and Local Tax Deduction has cost select groups billions. This is leading to an exodus from these states to lower tax ones. You need only reside in a low tax state slightly more than half the year to take advantage of lower rates. Many people are starting to figure this out. Expect the trend to accelerate in the coming years. 

2018 is over and now the effects of the new tax law are starting to be take hold. Clearly the upper middle class and working rich have taken a major hit, especially those in high-tax states. While there were some benefits spread around, the loss of the State and Local Tax Deduction has cost select groups billions. This is leading to an exodus from these states to lower tax ones. You need only reside in a low tax state slightly more than half the year to take advantage of lower rates. Many people are starting to figure this out. Expect the trend to accelerate in the coming years. 

To catch the latest Spadea Lignana news, be sure to tune in and subscribe to our panel discussions through our podcast on iTunes. Our panel of experts discuss the 2018... The post Franchising & The New Tax Law: What Business Owners Need to Know appeared first on Spadea Lignana.

To catch the latest Spadea Lignana news, be sure to tune in and subscribe to our panel discussions through our podcast on iTunes. Our panel of experts discuss the 2018... The post Franchising & The New Tax Law: What Business Owners Need to Know appeared first on Spadea Lignana.

What's Working Now: Presenting the New Tax Law Briefing to clients and prospects has led to new business for this advisor.

Interest and dividend income are other areas of the tax code that punishes the ignorant. You have income on lines 8a, 8b, 9a and 9b? Why? Is there a strategic reason for earning this income in order to pay tax? If so, that's fine. Maybe you need the cash to help pay the bills, pay tuition, take a vacation, etc. However if you're receiving this income because of how your investments are designed without any strategic intent, I suggest you consider a different plan of action Let's start by looking at what types of income you have. If you have interest income, from bonds and/or CDs, this income is taxed at ordinary income rates. Worse yet, there is NOTHING you can do about it other than paying the tax on it...as ordinary income. Consider moving ANY holding you have that yields ordinary income(OI), into your Traditional IRA in order to defer those OI taxes as long as you possibly can. Remember your IRA is taxed as Ordinary Income anyway. So, having an IRA taxed at those rates PLUS having investment income taxed at the same means your paying too much in tax. If you have municipal bond income, i.e., 'tax exempt interest' consider scrapping those and instead moving into corporate and/or government bonds inside your IRA. Because municipals are tax free they offer a much lower interest rate than corporate and government bonds. So, for simplicity, say a municipal bonds yields 2.5% a corporate bond will pay more because it's income is taxed. A corporate bond with similar maturity date may pay 4%. This means it takes $320,000 in assets to yield $8,000 in income for the municipal bond but only $227,272 for the corporate bond AFTER taxes for someone in the 12% bracket! That is a significant difference in the allocation amount to corporate bonds over tax free bonds to receive the same after tax income. We don't municipal bonds, unless we're in the higher tax brackets, those above 22%. We don't want ANY bonds in our taxable account either. We want bonds in our Traditional IRA. Secondly, we want dividend paying stocks, the investments that give us income on lines 9a and 9b, in our ROTH IRA. DIvidends we don't need only cause higher taxes. Avoid that. Move your income-oriented stocks to your Roth. Lastly, we want your most aggressive holdings, ideally the ones with little to no dividends or capital gains in your taxable accounts. The unrealized appreciation on these investments cause you NO tax. Because these holdings are aggressive they should pay no dividends whatsoever. Lastly when it does come time to sell a position in order to generate cash, you can work the tax code to do it in the most tax-favored way possible. You can't do with other income you receive from your investments. Finally, at death, the growth of these aggressive accounts transfer TAX FREE to your heirs because of the step up basis rules. IRA accounts don't have that benefit. Roth IRA accounts don't have a step up in basis but they are tax free anyway, which is just as good. At the end of the day, it's up to YOU to understand the tax code to take advantage of it to your benefit. If your advisor isn't helping you with this, well, hate to sound brutal but seek a new advisor! ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

The new tax law that we're all living under now (2018) presents wonderful ways for YOU to reduce your taxes now...and in the future. But like all things, only those with the knowledge of the bill will benefit. Is it any wonder why corporations and other entities spend so much money lobbying Congress for just a line item? No, because they are knowledgeable of what they need to pay less. And they'll spend tooth and nail to try to enact that provision. But just because you don't have a multi-million dollar lobbying firm representing your interest doesn't mean you can't take advantage of what the law allows. So, in the next few videos we're going to dive into this. First, we're going to talk about capital gains. If your TAXABLE INCOME puts you in the 10 or 12% tax bracket, you will pay 0 on any capital gains you have so long as you remain in the 10-12% bracket!. This holds HUGE potential benefits, my friends. But only if you know what to look for In this video, I'll show you exactly what you need to know Look at line 13 of your tax return, your 1040. That will show how much in capital gains you had. If you have gains here and those gains put you into the 22% bracket, you've effectively lost your ability to pay no tax. Are there other things you can do to reduce your income to allow to remain in the 10-12% bracket? Look at line 14 of Schedule D on your tax return. Is there a number there? That is capital loss carryforwards, which are previous losses you had that can offset future capital gains. Do you have an appreciated stock in a non-IRA account that you can sell in order to use those capital loss carryforwards. Being proactive can reduce, potentially significantly, your tax today and in the future. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

For three decades, Louise Phillips Forbes has been an industry leader in New York City’s residential real estate market. With career sales exceeding $3.5 billion, she is considered one of the elite Power Brokers in Manhattan. A multi-time winner of Halstead Real Estate’s esteemed Broker-of-the-Year award, Louise has also been acknowledged many times as the #1 listing broker companywide and currently leads the firm’s #1 sales team. She has developed a significant following among developers, buyers, and sellers throughout Manhattan. From the Upper West Side and Upper East Side to the West Village, Tribeca and Wall Street, she proudly serves prominent New Yorkers. REAL Trends named Louise as one of “America’s Best Real Estate Agents,” their greatly esteemed ranking report, and they consistently list her among their annual “Real Estate Top 250,” which recognizes top real estate brokers and teams throughout the country. Louise has also been featured in Avenue Magazine’s annual “Influential Women of New York” and had cover-story honors for House New York and Mann Report Residential magazines. Additionally, she is frequently quoted in real estate articles for The New York Times, Wall Street Journal, The Real Deal, Real Estate Weekly, and many other notable publications and blogs. She has also appeared on regional TV shows nationwide to comment on local real estate issues while representing the national real estate perspective and is a regular contributor to Ignite Now Media’s weekly TV series, “The American Dream.” When she is not racing around the congested streets of Manhattan negotiating deals, you will find Louise spinning at her local SoulCycle, where she gets her groove on to the beats of celebrity instructors (and friends) like Stacey Griffith, or surfing in Montauk with her family. In today's episode, we discuss how changes in tax law will affect real estate professionals and those looking to buy or sell a property. In this episode, you'll learn.. Changes in Tax Laws Lower Caps on deductibles Second homes as income producing properties Establishing LLC's Interest Rates Rising More Creative Lending Links and resources mentioned in this episode. Predictions 2019 (FINAL)  http://louisephillipsforbes.com/ Twitter Handle: @weze_sez Instagram: @weze_sez To subscribe and rate & review visit one of the platforms below: Follow Real Estate Success Rocks on:    

On this week’s Money Matters, Scott and Pat talk about how the new tax law may change the way you want to pay off your mortgage. Scott also talks about a bank teller who tried to move his checking account for “safety” reasons. Scott and Pat speak with a woman in Sacramento with $300,000 in an IRA who wants advice about where to put extra money. A caller in Northern California is debating if he should pay off his mortgage early. A caller in the Bay Area wants help prioritizing his savings after his employer changed plans. A man with chronic illnesses is expecting a $200,000 settlement and asks how he should use the money. Finally, a caller who got a late start saving asks how he should catch up. Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.

Formerly, the Tax Cut and Jobs Act (TCJA), the new tax law, was passed by congress in December of 2017 making sweeping changes to the tax paradigm with the intent of simplifying taxes. If this was accomplished, or not, is yet to be determined. However, let's discuss those changes in this episode: The New 1040 Postcard Individual Tax Changes Child Tax Credit Changes Corporate Tax Changes Estate (Death Tax) Changes ABOUT BAMM-IT: All Things Business BAMM-IT is produced and hosted by John Michael Kledis, EA, CFE, CVA of Peridot Consulting, Inc. and Mari Peterson of Marketing Outpost.  We discuss all things Business, Accounting, Management, Marketing and IT from the perspective of business owners and consultants who work with other business owners.  

"The Impact of the New Tax Law on Your Business" with Certified Tax Coach Diane Gardner on Women Entrepreneurs Radio   Do you understand the changes in the new tax law and how they will affect your business? Find out if your business will benefit from the new tax rates and deductions. Diane Gardner is an Certified Tax Coach, Quilly award recipient, and best-selling author whose proactive planning approach gives clients a leg up on Uncle Sam and helps them dodge the tax bullet. Diane saves small business clients between $5,000 and $50,000 in as little as 60 minutes! Her tax coaching sessions have resulted in a combined savings of over $1,767,928 to-date - hard-earned profits small business owners & real estate investors would have given to the government by overpaying taxes. Leaving no deduction or credit unexamined, Diane ensures successful entrepreneurs like you pay the least amount of taxes allowed by law. As a licensed Enrolled Agent, Diane prepares returns and helps taxpayers nationwide maximize profits and tax savings. She is a Certified Profit First Professional and has elite certification as a Certified Tax Coach. Diane is the co-author of the best-selling books, Stand Apart and Why Didn't My CPA Tell Me That? She has also authored ten other books including, Stop Overpaying Your Taxes! 11 Ways Entrepreneurs Overpay and How to Stop it Now! She created the nationwide Get Off the Wheel Practice Management Solutions for Accountants and leads the Business Breakthrough Mastermind Group in her hometown of Rathdrum, Idaho. Diane enjoys spending time with her husband, daughter and grandson in her spare time. She is active in her church, community organizations and several local Chambers of Commerce. Get the free download "Learn the 17 Ways You Can Take Advantage Of The New Tax Law And Save Money!" for your 2018 tax outlook. Download at: www.taxcoach4you.com/newtaxlaw

Your Learning Curve Never Sounded So Good This episode is not intended to give advice on the tax law or accounting principles. Please check with a professional for all your tax or accounting requirements. The Panel: Reed Melis worked in public accounting for 7 years prior to founding Paar, Melis & Associates in 1992. Reed conducts seminars, currently through the Automotive Training Institute, to instruct and train automotive repair shop owners to increase their profits and understand their “P or L.” Reed and his wife, Gina, are parents of Ashley and Drew. Reed is proud of his daughter’s accomplishments in college. You will often see him watching his son on the soccer field on the weekends. Reed also loves the Classics, cars and rock music. He will often travel to see a concert out of state. Hunt Demarest is Accredited in Business Valuation and a licensed Certified Public Accountant that has been with the firm since 2006. He specializes in business taxes, valuations and does consulting work with our clients all across the country. When he’s not in the office, Hunt enjoys spending time with his family, golfing, working on and racing his cars. Gerry Frank has been in the auto repair industry for over 39 years, Gerry has worn all the hats. From technician, manager, owner and now business coach. Gerry still owns his repair shop in Cleveland OH and is a principal member in Repair Shop Coach, helping repair shop owners to work smarter, not harder. Gerry started working in a Shell station while in high school when gas was 69cents a gallon.  Garry is known as the numbers guy – They say everybody has a special god given talent or superpower and for Gerry that’s the ability to see the holes in the bucket in any business by examining a few financial reports. Key Talking Points: New 20% Deduction for Qualified Small Business Income (Federal Taxes) You pay your taxes based on a 20% reduction in your profits. In other words, your tax base is on 80% of your profits if you are a pass-thru entity. S-Corporations, Partnerships and Sole Proprietors are considered. Please check with your own accountant to see if your companies structure qualifies. This is a new feature in 2018. You’ll see a ‘windfall’ this year and become the ‘New Normal’ for at least the next 5 years. You may want to consider doing something with the monies you will not pay Uncle Same. Fund retirement, pay debt, set some aside for a rainy day. Self-property rentals to yourself also qualify. 100% depreciation available for most asset purchases. Include improvement to buildings, parking lots, roof, etc. (new structures are not) Instead of depreciating over time you can take it all in this year. Having Uncle Sam pay for part of your improvement! Expanded Child and Dependent Tax Credits New Law: If a child is under the age of 17 from $1,000 to $2,000 and the income range was opened to qualify. Added new child tax credits, check with your accountant or tax preparer. Tax credits are better than a tax deduction. It is like getting cash. A tax deduction reduces the income. Technicians that have written off their equipment purchases off their taxes are no longer allowed. An opportunity for shop owners to consider buying technician tools. See previous podcasts on buying technician tools. An even strong reason to consider this especially if techs have been using this tax write off. Link to Episode on Buying Technician Tools: Academy Episode 084 (https://remarkableresults.biz/a084/) . Academy Episode 036 (https://remarkableresults.biz/a036/) . Even employee based business expenses like the internet because of research for case studies or certifications. New Lower Tax Rates and Tax Brackets This was not only a tax break for the rich. Hunt and Reed are seeing a tax decrease on average of 3% Our employees see that your $1 million dollar shop makes you a...

Tax expert Jeff Socha says make sure you get a head start on preparing your taxes this month. The new year is upon us. Make it a good one and spend the rest of this year preparing for tax time.  2018 was the first year under the Tax Cuts and Jobs Act, the largest revamping of tax law in decades, which was passed last December. The new rules stressed out many Americans, some of whom did not know if it would benefit or harm them come Tax Day. (The new tax law kept the seven federal tax brackets, but lowered rates for six of them, for 2018 to 2025). Without proper preparation, taxpayers might be in for a bad surprise. They could possibly owe more in taxes than they thought — unaware of that liability until the deadline — or they could miss potential ways to get a higher deduction and therefore, risk paying more than necessary.  See: How the new tax law affects every age — from babies to boomers Here are five things you can do between now and Dec. 31 to prepare: Calculate your tax liabilities The new tax law increased many Americans’ paychecks, but that came with consequences. More than 30 million taxpayers could owe the government money next year, according to a Government Accountability Office report. More than one fifth of Americans (21%) could be “underwithheld,” meaning that their employers haven’t taken enough money out of their paychecks to cover their taxes.  It’s too late for Americans to make any meaningful changes to their paycheck withholding amounts for the coming Tax Day in April 2019, said Christina Taylor, senior manager of tax operations at Credit Karma. But there are two tasks they can do now to help themselves: estimate how much they’ll owe in taxes next year using the Internal Revenue Service’s W4 calculator, and adjust their allowances for the following year.  Workers choose how much money they want withheld from their paychecks to cover taxes — the lower the number of allowances, the more money that gets withheld (whereas the higher the number of allowances, the less money withheld, which means a larger paycheck but also a bigger potential tax bill). By inputting a few factors, such as income, taxes already withheld and the number of allowances, the IRS calculator will estimate how much you owe in federal taxes. If the amount is a lot higher than you thought it would be, you could start putting aside money now to cover the taxes you’ll owe in April. Workers may want to adjust their allowances now so they can start fresh in 2019, and lessen their tax liabilities for the following year if they were underwithheld. 

Tax expert Jeff Socha says make sure you get a head start on preparing your taxes this month. The new year is upon us. Make it a good one and spend the rest of this year preparing for tax time.  2018 was the first year under the Tax Cuts and Jobs Act, the largest revamping of tax law in decades, which was passed last December. The new rules stressed out many Americans, some of whom did not know if it would benefit or harm them come Tax Day. (The new tax law kept the seven federal tax brackets, but lowered rates for six of them, for 2018 to 2025). Without proper preparation, taxpayers might be in for a bad surprise. They could possibly owe more in taxes than they thought — unaware of that liability until the deadline — or they could miss potential ways to get a higher deduction and therefore, risk paying more than necessary.  See: How the new tax law affects every age — from babies to boomers Here are five things you can do between now and Dec. 31 to prepare: Calculate your tax liabilities The new tax law increased many Americans’ paychecks, but that came with consequences. More than 30 million taxpayers could owe the government money next year, according to a Government Accountability Office report. More than one fifth of Americans (21%) could be “underwithheld,” meaning that their employers haven’t taken enough money out of their paychecks to cover their taxes.  It’s too late for Americans to make any meaningful changes to their paycheck withholding amounts for the coming Tax Day in April 2019, said Christina Taylor, senior manager of tax operations at Credit Karma. But there are two tasks they can do now to help themselves: estimate how much they’ll owe in taxes next year using the Internal Revenue Service’s W4 calculator, and adjust their allowances for the following year.  Workers choose how much money they want withheld from their paychecks to cover taxes — the lower the number of allowances, the more money that gets withheld (whereas the higher the number of allowances, the less money withheld, which means a larger paycheck but also a bigger potential tax bill). By inputting a few factors, such as income, taxes already withheld and the number of allowances, the IRS calculator will estimate how much you owe in federal taxes. If the amount is a lot higher than you thought it would be, you could start putting aside money now to cover the taxes you’ll owe in April. Workers may want to adjust their allowances now so they can start fresh in 2019, and lessen their tax liabilities for the following year if they were underwithheld. 

Eva Rosenberg AKA "Taxmama", talks "The Trump Tax Cut: Your Personal Guide to the New Tax Law" Check out her website here: https://irsexams.school/Number 1 New Release on Amazon: "The Trump Tax Cut: Your Personal Guide to the New Tax Law"https://www.amazon.com/Trump-Tax-Cut-Personal-Guide/dp/1630061050?SubscriptionId=AKIAILSHYYTFIVPWUY6Q&tag=duckduckgo-d-20&linkCode=xm2&camp=2025&creative=165953&creativeASIN=1630061050

This is a recording of the presentation we have been giving on the changes to the tax code and how its going to impact everyone. If you are interested in reviewing how the law will impact you and your personal tax situation you can reach out to us to schedule a complimentary tax action plan. Contact us at 336-310-4233 or phuminski@thoriumwealth.com to schedule your time. You can also visit www.thoriumwealth.com to contact us.

Diane Gardner is a Certified Tax Coach, Quilly award recipient, and best-selling author whose proactive planning approach gives clients a leg up on Uncle Sam and helps them dodge the tax bullet. Diane saves small business clients between $5,000 and $50,000 in as little as 60 minutes!  Her tax coaching sessions have resulted in a combined savings of over $817,000 to-date.  As a licensed Enrolled Agent, Diane prepares returns and helps taxpayers nationwide maximize profits and tax savings.  She is a Certified Profit First Professional, an Accredited Tax Preparer and has elite certification as a Certified Tax Coach. Diane is also the co-author of the best-selling books, Stand Apart and Why Didnt My CPA Tell Me That?  She has also authored six other books including her newest, Stop Overpaying Your Taxes! 11 Ways Entrepreneurs Overpay and How to Stop it Now!  During This Show We Discuss… The low-down on the new tax law that just rolled out What this new law will mean for a typical small business owner How the new law affects standard and itemized deductions How it affects personal exemptions and charitable contributions How it affects the estate tax credit What corporations can expect as it comes to tax rate changes When these changes will take effect How the new law affects business deductions? How the new law affects depreciation How shifting income to other family members can help you Things entrepreneurs are doing wrong forcing them to overpay on taxes How to choose the right business entity? Why choosing the right tax professional is like dating Why typical CPAs do not help with coaching? The difference between a tax coach and a CPA And much more…

If you haven't changed your W-4 for a few years, you'll want to do it for 2018.  The new tax code could hugely affect how your deductions are calculated.   Certified Public Accountant Jay Niederhauser has three of the top reasons why it's important to get your W-4 up to date. You can follow the show on Twitter @MoneyMakingSens and on Facebook.  And to see what Heather does when she's not talking money, go to her personal Twitter page.  See omnystudio.com/listener for privacy information.

The Internal Revenue Service (IRS) faces new challenges in the new year, adding to budget, staffing and IT issues that are endemic. The biggest challenge may be dealing with the new tax law passed by Congress, which has given IRS programmers a gigantic software do-over. Tony Reardon, president of the National Treasury Employees Union talked to Federal Drive with Tom Temin about what's next.

The rise of capitalism, starting a couple hundred years ago, has been a spectacularly positive development for humanity, creating enormous material wealth that raised billions of people out of poverty. In the last 40 years, however, it has been gamed so that the vast majority of economic growth flows to the elites who own and manage the systems of wealth creation. The Republican tax plan doubles down on that trend, reducing taxes for corporations and the rich at the expense of social programs that help the poor. Jeff and Corey discuss the ramifications.