Podcasts about tax filing

Are you still obligated to file taxes when you have experienced a natural disaster? Here is the answer you may or may not be looking for... Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec

Are you worried about going to jail for a small amount of not reported income? Are these worries valid or not? Find out in today's episode! Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec

When is it "too late" to file your tax returns? Here is that answer! Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec

In this episode, Kimberly brings on her right-hand woman and senior tax accountant, Becca Aviles, for an honest, behind-the-scenes look at the messy tax returns, illegal strategies, and lack of client education they keep seeing from other firms. They unpack what should really come with your tax return (spoiler: depreciation schedules matter), why asking “why” is essential, and how The Tara CPA Firm is rewriting the rules. If you've ever felt confused, dismissed, or flat-out ignored by your CPA, this episode will help you feel seen—and empowered to expect better.Prices will increase April 1, 2025. Join us before those prices go up!Want to know what kind of tax support is right for you? We can help! Connect with Kimberly on Instagram: https://www.instagram.com/taracpafirm/ Website: https://www.taracpafirm.com/

'Big Loss for the Public': Trump to End Free IRS Tax Filing Program. Bruce Pollard steps in for Neil Aquino on Thursday. Trump to End Free IRS Tax Filing Program.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Thank you Gayla Kunis, Cheryl M, Sabrina, Lorraine Gagne, and many others for tuning into my live video! Join me for my next live video in the app.* Small Business for America's Future co-chair slams Trump's tariffs – It will devastate the economy: Walt Rowen is Small Business for America's Future Co-chair and President of Susquehanna Glass Company in Columbia, PA. Like many small businesses, h… To hear more, visit egberto.substack.com

Tax season can feel overwhelming, especially when you're scrambling to pull everything together at the last minute. Whether you file your own taxes or work with a tax professional, an organized approach can help reduce stress and improve your outcome.

AP's Lisa Dwyer reports that a free IRS filing program is being cut.

Amy King hosts your Tuesday Wake Up Call.  ABC News investigative reporter Peter Charalambous talks about Harvard pushing back against Trump administration risking billions in funding. ABC News White House correspondent Karen Travers speaks on the latest regarding tariffs. Amy talks with ABC News national reporter Jim Ryan about tax-filing deadline has arrived. Bloomberg's Scott Carr updates us on the latest in business and the stock market. The show closes with the host of ‘How to Money' Joel Larsgaard talking about recession rumblings getting louder, panic pre-buying, and Chinese companies selling directly.  

In this podcast episode, We converse with Catherine Tindall, a CPA and partner at Dominion Enterprise Services, about the critical importance of proactive tax planning. They discuss common mistakes business owners make during tax season, such as waiting until the last minute and not engaging in ongoing tax planning. Catherine highlights audit triggers and the significance of profit management. They also explore how financial advisors can build better relationships with CPAs to enhance client outcomes. The episode aims to educate and empower listeners to optimize their tax strategies effectively. Common Tax Mistakes (00:02:11) .Profit Management Discussion (00:05:32) .Audit Triggers for Business Owners (00:08:11) Challenges in Tax Filing (00:10:08) Understanding Tax Professionals (00:12:48) Avoiding Overly Complex Interactions (00:16:40) Practical Strategy for Client Situations (00:16:54)Biggest Tax Pet Peeve (00:18:26)Client Expectations from Tax Professionals (00:21:35)Conclusion and Final Thoughts (00:22:50)NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: https://www.facebook.com/MLB2CFP Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure

Andy Phillips, vice president of the Tax Institute at H&R Block in Kansas City, MO, offers advice and answers questions on this day before the deadline to file income tax returns.

On the April 14 edition: Georgians have a little extra time to file taxes this year; a Macon hospital has special care program for pregnant or postpartum; a 100-year-old WWII vet receives France's highest honor. 

AP correspondent Haya Panjwani reports on calls to the IRS this tax season.

Exploring Statistical Measures to Predict URLs as Legitimate or Intrusive Using frequency analysis, and training the model with honeypot data as well as log data from legitimate websites allows for a fairly simple and reliable triage of web server logs to identify possible malicious activity. https://isc.sans.edu/diary/Exploring%20Statistical%20Measures%20to%20Predict%20URLs%20as%20Legitimate%20or%20Intrusive%20%5BGuest%20Diary%5D/31822 Critical Unexploitable Ivanti Vulnerability Exploited CVE-2025-22457 In February, Ivanti patched CVE-2025-22457. At the time, the vulnerability was not considered to be exploitable. Mandiant now published a blog disclosing that the vulnerability was exploited as soon as mid-march https://cloud.google.com/blog/topics/threat-intelligence/china-nexus-exploiting-critical-ivanti-vulnerability/ WinRAR MotW Vulnerability CVE-2025-31334 WinRAR patched a vulnerability that would not apply the Mark of the Web correctly if a compressed file included symlinks. This may make it easier to trick a victim into executing code downloaded from a website. https://nvd.nist.gov/vuln/detail/CVE-2025-31334 Microsoft Warns of Tax-Related Scam With the US personal income tax filing deadline only about a week out, Microsoft warns of commonly deployed scams that they are observing related to income tax filings https://www.microsoft.com/en-us/security/blog/2025/04/03/threat-actors-leverage-tax-season-to-deploy-tax-themed-phishing-campaigns/ Oracle Breach Update https://www.bloomberg.com/news/articles/2025-04-02/oracle-tells-clients-of-second-recent-hack-log-in-data-stolen

On The Speed of Culture Podcast, Jill Cress, Chief Marketing & Experience Officer at H&R Block, breaks down how AI, digital transformation, and consumer insights are reshaping the tax industry. From helping Gen Z navigate their first tax filings to leveraging AI-powered tools for real-time tax support, Jill shares how H&R Block is making tax season easier, smarter, and more accessible for all.Follow Suzy on Twitter: @AskSuzyBizFollow Jill Cress on LinkedInSubscribe to The Speed of Culture on your favorite podcast platform.And if you have a question or suggestions for the show, send us an email at suzy@suzy.com Hosted on Acast. See acast.com/privacy for more information.

Send us a textWe decode the confusing rules around when children and dependents need to file tax returns, covering both W-2 employment income and 1099 contractor payments.• Children with W-2 income under $14,600 (2024 standard deduction) don't need to file unless they want to claim a refund• Parents can still claim college students as dependents if providing over half their support• 1099-NEC income has a much lower threshold - children must file if they earned over $400• Self-employment taxes (15.3%) apply to 1099 income even when income tax doesn't• Always track and deduct business expenses to reduce taxable profit on 1099 income• Common deductions for teen workers include certification costs, mileage, and equipmentIf you found this episode helpful, we would really appreciate if you would share it with somebody that you know.Create a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

Behind on filing your taxes? Here is what you need to do to get right with the IRS!Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_AllecMentioned Video Link:-"I HAVEN'T FILED TAXES IN 20 YEARS" — Here's What You Should Do!:    • "I HAVEN'T FILED TAXES IN 20 YEARS" —... 

It's tax season crunch time, so we are resharing a timely episode debunking the 1120-S tax return. In this episode, Brian will walk you through the S-Corporation income tax return to help you better understand what you're filing and hopefully catch mistakes before it's too late. He provides a section-by-section analysis of Form 1120-S and highlights key areas that business owners and tax professionals make mistakes. Episode Highlights Part 1: Heading, Income, Deductions, Tax and Payments Most of this information is drawn from your business's Profit and Loss Statement. Here's a breakdown of what's on the first page: Calendar year: The very top of the form asks for the calendar year. If the corporation has a calendar year-end, leave this blank. If a fiscal year or short year put in the appropriate dates. Address: Underneath the calendar year, the form asks for a name and address. Use the name set forth in the charter or other legal documents, such as your Employer Identification Number (EIN) letter. Item A: Located to the left of the address, Item A asks for your S election effective date. You should have a letter from the IRS (CP 261) with your S-Corp starting date. This date should stay the same every year. Item B: Your business activity code. This code shows the IRS exactly what you do. Item C: Item C only applies if you have assets of $10 million or more. Most of the time, Item C will not be checked. Item D: Put your EIN in Item D. Make sure to verify it's correct before you file your form. Item E: Your date of incorporation should match the articles of incorporation. This date may or may not be the same date as your S-election. Like the S-election date, the date of incorporation won't change. Item F: Total assets at the end of the year. Item G: If the corporation is electing to be an S-Corp beginning with the current filing tax year, check the appropriate box. If the S-Corp did not already file the S-Election, attach Form 2553 with the return. Item H: These boxes should be self-explanatory. Check the boxes that apply. Item I: Enter the number of shareholders in the firm (e.g. yourself and your partners). Item J: Most of the time, Item J will not be checked. If you believe that one of the Item J items applies, follow up with your tax accountant. Income: Report gross revenue your business has earned for the year and any additional income or interest income that you may have incurred. Only report trade or business income. Do not list rental income, portfolio income, or tax exempt income (those go on your Schedule K). Expenses: Report all deductions on your Profit and Loss statement. Pay special attention to the following lines: Line 7: Compensation of officers should have something on it. S-Corporations must pay shareholder/employee reasonable compensation for services rendered, and failing to put reasonable compensation could lead to an IRS audit. Also included on this line are fringe benefits, including employer contributions to health plans and group term life insurance, for shareholders/employees owning more than 2% of the corporation stock. If your S-Corp has total receipts of $500,000 or more, you'll need to attach Form 1125-E to explain what was paid to each officer. Line 8: Salary and wages paid to employees (other than officers) of the corporation. Line 17: An S-Corporation can deduct contributions made for its employees under a qualified pension, profit sharing, annuity, SEP plan, Simple plan, or any other retirement deferred compensation plan. This includes shareholders/employees owning more than 2% of the corporation stock. Line 18: Employee fringe benefits provided to officers and employees owning less than 2% go on this line, such as health insurance, disability insurance, and educational assistance. Line 19: Line 19 includes any other deductions. There should be an attached statement, and it should match your profit and loss. The numbers should be close to your Profit and Loss statement. Taxes and payments: In general, an S-Corporation does not pay taxes at the corporate level, so this section will be blank. Signature: It's important to sign the return only after verifying all of the information, including the following sections. Part 2: Schedule B This section is mostly self-explanatory questions. Make sure to read and understand each question. Below are two lines to pay special attention to: Box 1: This easy-to-miss box can change your entire return if you're not careful, since it's where you select whether you're a cash or accrual basis taxpayer. Once you choose an accounting method, you generally cannot change without approval from the IRS. Box 2: Here is where you explain what you do. Part B is an either/or question, so state whether you sell products or services. Also, if you hire contractors, say yes to question 14 -- and hopefully you got out your 1099 forms by January 31. Part 3: Schedules K and K-1 Schedule K reports the pro rata share items in total for the Corporation. Schedule K-1, which you receive in your personal name, reports the percentage of pro rata share items allocable to each shareholder.  Lines 1-17 on Schedule K correspond to Boxes 1-17 on Schedule K-1. Most items on Schedules K and K-1 are self-explanatory and come from other parts of the return. Part 4: Schedule L  This is where many taxpayers make a mistake. Schedule L matches your business' balance sheet and should agree with your books and records. If it doesn't, find out why before you file. The first two columns match what your accounts were at the beginning of the year and should match what the accounts were at the end of last year. If this is your first year filing an 1120-S return, these two columns should be blank. The second two columns are for what the accounts had on December 31 of the previous year and will carry over to next year's return. Some of the most common assets on Schedule L are: Line 1: Write the amount of cash in your bank account on the last day of the year. Line 7: Loans to shareholders are loans from the corporation to the shareholder. Keep in mind, these loans need to be documented and should have a repayment schedule and interest rate. Line 10a: Buildings and other depreciable assets are fixed assets that the business owns that have been depreciated, such as real estate, furniture, or machinery  Some of the most common liabilities on Schedule L are: Line 18: Other current liabilities are expenses incurred at the end of the year but not paid until January of the next year. Current expenses often include wages, state taxes, federal taxes, and payroll taxes payable at the end of the year.  Line 19: Loans from shareholders are loans from the shareholder to the corporation. As with the other loans, these loans should be documented and include a repayment schedule and interest rate. Line 22: The par value or stated value of the capital stock issued by the corporation. This amount stays the same each year unless the S-Corporation issues additional stock after incorporation. The corporate charter or minutes should identify the stock. Line 23: Enter the beginning and ending balances of additional paid-in capital. This includes the amount contributed to the S-Corp by shareholders for which the corporation did not issue stock or amounts contributed in excess of the stated or par value. Line 24: This section is especially tricky. You should base the retained earnings on the S-Corporation's books and records. Most of the time, retained earnings should match the Accumulated Adjustments Account (AAA), other adjustments account (OAA), and previously taxed income (PTI) balances on Schedule M-2. Line 27: This line represents the total liability and shareholders equity. This line must match line 15. If you answered “yes” to question 11 on Schedule B that your total receipts were less than $250,000 and total assets were less than $250,000, then you aren't required to file a Schedule L. However, it may be beneficial to file Schedule L anyway because it will be crucial for future balance sheets. Part 5: Schedules M-1 and M-2 Schedule M-1 helps explain discrepancies between the books and your tax return. This section should explain any differences you notice.  Some common items reported on Schedule M-2 include: Meal expenses (100% on books, 50% on taxes) Entertainment (100% on books, 0% on taxes) Life insurance premium expense (100% on books, 0% on taxes) Certain fines and penalties (100% on books, 0% on taxes) Political contributions (100% on books, 0% on taxes) Book depreciation expense (100% on books, 0% on taxes) Tax depreciation expense (%0 on books, 100% on taxes) Tax-exempt income (100% on books, %0 on taxes)  Schedule M-2 tracks the income and losses and separately states items that the shareholder should report on their tax return. Resources + Links  Bank Reconciliation 101 Lessons from the 1099-NEC deadline Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

March 8, 2025 - Income tax filing 101 by VOCM

March 8, 2025 - Income tax filing 101 by VOCM

Melissa Broughton is a tax and accounting specialist and the founder of Busy Bee Advisors, helping business owners and entrepreneurs get savvy about complex, even frustrating, tax and bookkeeping situations. Her background in corporate accounting and auditing complements her desire to serve as a financial translator, of sorts, to sole proprietors and small business owners so that they feel confident in their financial decisions. With her husband Eric, a tax professional, Melissa co-hosts a popular podcast, The Real Buzz: Taking the Sting Out of Taxes. She is a member of Business Network International, Rotary, FU Nights, Women in Consulting, and previously served as finance chair on the Sacramento Children's Receiving Home Board of Directors.

Want to learn the secrets to business success from company owners who are not only surviving but thriving in this difficult economy? Then join award-winning entrepreneur Mike Bosma and his guests as they provide you with the insight and expertise you need to start a new business or to take your company to a whole new level. In between jobs? Why work for the boss when you can be the boss? With Bosma On Business you can be in conversation with the area’s top corporate executives, community leaders and movers and shakers. The show is the ultimate business networking event and entrepreneurial incubator wrapped up in one and it’s brought to you live weekly over the airwaves and through the Internet. You’ll tap into a wealth of wisdom from top experts in the fields of accounting, marketing, sales, information technology, business law, human resources, corporate real estate, banking and so much more. If you’re doing business in Northern Nevada or have the entrepreneurial itch, then plan on joining us on News Talk 780 KOH every Saturday morning at 10 a.m. With Mike Bosma, the Pied Piper of entrepreneurial excellence leading the way, we’re Getting Northern Nevada…Back to Business.See omnystudio.com/listener for privacy information.

Amid reports of mass layoffs at the IRS, what does the math look like for tax season?More than a million Texas kids have been kicked off Medicaid rolls since 2023. What’s happening? We’ll talk with a reporter at Public Health Watch.Texas school districts are racing to meet a deadline to move students getting special instruction […] The post What potential mass layoffs at the IRS could mean for your tax filing appeared first on KUT & KUTX Studios -- Podcasts.

Survey reveals too many tax myths are making it seem more daunting to file than it needs to be

Survey reveals too many tax myths are making it seem more daunting to file than it needs to be

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss tax season preparation with their in-house tax strategist, Taylor Wolverton. As tax season approaches, understanding your tax documents and making informed filing decisions can help reduce stress and ensure accuracy. Taylor shares expert insights on essential documents, filing strategies, and common tax mistakes to help make tax filing easy and efficient. Whether you're planning retirement tax strategies or determining how to file taxes effectively, this episode will help you navigate tax season with confidence. Listen in to learn about the different IRS tax forms you should expect, including W-2 and 1099 forms, and how to differentiate between standard vs. itemized deductions. Taylor also covers the significance of Qualified Charitable Distributions (QCDs) in retirement planning and how they impact your tax filing. Get valuable tips on avoiding common tax mistakes and ensuring all necessary documents are included in your tax filing checklist. This episode is packed with expert filing tips to help you retire comfortably and secure your retirement. In this episode, find out: The key tax documents you need for tax season preparation, including IRS tax forms like W-2, 1099, and 1099-R. The difference between standard vs. itemized deductions and how to determine the best option for you. The importance of Qualified Charitable Distributions (QCDs) for retirement tax planning and how to report them correctly. Common tax mistakes to avoid when filing your return. Best practices for organizing and storing tax documents to streamline future filings. Tweetable Quotes: "The IRS receives all your tax forms, so ensuring accuracy in your tax filing is crucial to avoid unnecessary headaches." – Radon Stancil "If you made a Qualified Charitable Distribution (QCD), make sure to report it correctly—your 1099-R won't automatically show it as tax-free!" – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

Survey reveals too many tax myths are making it seem more daunting to file than it needs to be

Survey reveals too many tax myths are making it seem more daunting to file than it needs to be

For some Oregonians, the complexity and cost involved in tax filing is a barrier to doing their taxes. Oregonians who would be due a tax refund, who would get money back by filing a tax return, don't receive those dollars because they're unable to navigate the complicated process of preparing and filing a tax return.In this episode of Policy for the People, we discuss two initiatives that are making tax filing easy and free. The first is Direct File. This online tool created by the IRS is now available to eligible Oregonians, explains Tyler Mac Innis of the Oregon Center for Public Policy.The second thing is Oregon's Tax Infrastructure Grant program, a network of organizations that rely on trained volunteers to help low- and moderate-income Oregonians prepare and file their taxes. Riley Eldredge of MFS CASH Oregon, one of the organizations that are part of this network, discusses how free tax assistance can make a big difference in the lives of Oregonians, and why Oregon's Tax Infrastructure Grant program has a huge return on investment. 

Dr. Friday reminds taxpayers enrolled in the health care marketplace to obtain their 1095-A form. She also discusses the importance of the IRS-issued IPN number for certain individuals. 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. If you still participate in the health care marketplace, do not forget to get the 1095-A form—that is necessary for us to prepare your taxes. We so often have individuals that forget two major things. One, the 1095-A from the marketplace because you don't really think about it since you have an insurance card or whatever, and it's there. The other is the IPN number that the government will give to individuals who are already listed at risk. If you don't have those, we can't file your taxes, and they will be wrong. You need help? Give us a call at 615-367-0819. 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.

Want to learn the secrets to business success from company owners who are not only surviving but thriving in this difficult economy? Then join award-winning entrepreneur Mike Bosma and his guests as they provide you with the insight and expertise you need to start a new business or to take your company to a whole new level. In between jobs? Why work for the boss when you can be the boss? With Bosma On Business you can be in conversation with the area’s top corporate executives, community leaders and movers and shakers. The show is the ultimate business networking event and entrepreneurial incubator wrapped up in one and it’s brought to you live weekly over the airwaves and through the Internet. You’ll tap into a wealth of wisdom from top experts in the fields of accounting, marketing, sales, information technology, business law, human resources, corporate real estate, banking and so much more. If you’re doing business in Northern Nevada or have the entrepreneurial itch, then plan on joining us on News Talk 780 KOH every Saturday morning at 10 a.m. With Mike Bosma, the Pied Piper of entrepreneurial excellence leading the way, we’re Getting Northern Nevada…Back to Business.See omnystudio.com/listener for privacy information.

Learn more at TheCityLife.org

ICYMI: Hour THREE of ‘Later, with Mo'Kelly' Presents – Ongoing Coverages of the SoCal wildfires with a new report that reveals “some Altadena residents say they didn't receive order to evacuate during Eaton Fire” … PLUS – A look at some “go bag” essentials you need to ensure you're ‘evacuation ready' AND the tax deadline extended to SoCal residents impacted by the wildfires - on KFI AM 640…Live everywhere on the iHeartRadio app

Segment 1: Jason Turner, Chief Investment Strategist for Wintrust Wealth Management, joins John healthy trend in the markets, Trump ‘demanding’ lower interest rates, the Fed removing itself from politics, what he expects from the Fed and rate policy, and what will happen if tariffs eventually get put in place. Segment 2: Bree Fowler, Senior Writer, CNET, joins John […]

In this episode, Jessica, Derek, and Steve discuss essential aspects of retirement planning, emphasizing the importance of year-round tax planning, understanding retirement returns, and the role of financial advisors. They delve into the complexities of annuities, their benefits and drawbacks, and the critical need for long-term care planning as healthcare costs continue to rise. The conversation highlights the necessity of proactive financial strategies to ensure a secure retirement. PROTECT YOUR RETIREMENT SAVINGS: CLICK HERE TO BOOK YOUR MEETING TODAYSee omnystudio.com/listener for privacy information.

Many Americans are stressed about spending decisions made over the holidays as the credit card bills roll in. Today, a Clark smart assignment for dealing with debt. Also rolling in soon are tax documents. Clark has advice on tax preparation, free filing, and more.  Credit Card Debt: Segment 1 Ask Clark: Segment 2 This Tax Season: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Clark Howard's 2024 Credit Card Debt Elimination Strategy Why You Might Be Paying Your Credit Card Bills All Wrong What Is FedNow? IRS Direct File Expands to Millions More Taxpayers 8 Free Federal and State Tax Filing Services for 2025 IRS Tax-Refund Checks Keep Getting Stolen in the Mail - WSJ Tax Software vs a Tax Professional: Which Should You Choose? Clark.com - When Should You Get an Accountant To Do Your Taxes? Why Did My Credit Score Drop? 4 Ways To Get Your Free Credit Score What Is a Good Credit Score? BBB-File a Complaint Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

https://vimeo.com/1046229873?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/12/2025-01-13-tax-filing-and-payment-relief-for-california-wildfires-and-more This week we look at: IRS Grants Tax Relief to California Wildfire Victims National Taxpayer Advocate's Report to Congress and Legislative Recommendations Released Third US District Court Issues BOI Reporting Injunction Tax Court Finds a Building Was Not a Certified Historic Structure as Defined by §170(h) Taxpayer Denied Refund as Court Found the Taxpayer Had Taken the Position That Its Reporting Was an Error Rather Than a Method of Accounting Seventh Circuit Upholds Imposition of Fraud Penalty for an Overstatement of Withholdings Court Finds Taxpayer Submitted Digitally Altered False Documents, Sustained the Fraud Penalty the IRS Proposed IRS Updates Guidance on Section 530 Employment Tax Liability Relief

IRS releases filing and payment relief for those affected by California wildfires, Update on Section 530 independent contractor provisions and more.

This week we look at: IRS Grants Tax Relief to California Wildfire Victims National Taxpayer Advocate's Report to Congress and Legislative Recommendations Released Third US District Court Issues BOI Reporting Injunction Tax Court Finds a Building Was Not a Certified Historic Structure as Defined by §170(h) Taxpayer Denied Refund as Court Found the Taxpayer Had Taken the Position That Its Reporting Was an Error Rather Than a Method of Accounting Seventh Circuit Upholds Imposition of Fraud Penalty for an Overstatement of Withholdings Court Finds Taxpayer Submitted Digitally Altered False Documents, Sustained the Fraud Penalty the IRS Proposed IRS Updates Guidance on Section 530 Employment Tax Liability Relief

On this week's show: Thinking about your tax bill 20 years from now. Going from worry to wonder with your retirement. Wall Street’s model of paying for financial services works for them but not you. Those unused gift card are dead money. Do you have the same in your 401(k)? Subscribe or follow so you never miss an episode! Learn more at GoldenReserve.com or follow on social: Facebook, LinkedIn and YouTube.See omnystudio.com/listener for privacy information.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Brenna Carles from The Mortgage Shop to break down the biggest mistakes real estate investors make when filing taxes and applying for loans. We dive into the differences between Schedule C vs. Schedule E, how to avoid overpaying in taxes, and how to qualify for more loans to expand your property portfolio. Brenna shares practical advice on loan strategies, partnerships, and even how to shift debt to maximize your borrowing power. If you're looking to optimize your financing, this episode is packed with insights you can't afford to miss. Timestamps: 00:00:00 — Intro 00:00:37 — The importance of Schedule E vs. Schedule C for real estate investors 00:03:36 — Why Schedule C can block you from qualifying for loans 00:04:17 — How Schedule E can increase borrowing capacity for investors 00:07:15 — Key deductions for Schedule E filers (T.I.M.D. method explained) 00:09:40 — Real case study: How one mistake cost a client $18,000 in extra taxes 00:11:31 — How Brenna manually verifies loan eligibility to avoid last-minute surprises 00:14:49 — The myth of "just trust your accountant" — Why you need to check their work 00:16:04 — Using Form 8825 for partnerships and how it works like Schedule E 00:19:47 — Strategy alert: Why you should shift bad debt into your spouse's name 00:22:27 — How to shift loans from your personal name to an LLC using DSCR loans 00:25:31 — Avoid analysis paralysis — How to take action without overthinking 00:27:28 — Why making calculated risks can lead to life-changing wealth decisions Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Michael Kelley and Amy Marxkors talk with Bryan Metzger, senior politics reporter for Business Insider, about why 29 House Republicans are urging Trump to scrap the IRS's free direct tax-filing tool on day one of his presidency. They argue the IRS shouldn't act as both the provider of the service and the enforcer of penalties.

On this hour of the Chris and Amy Show, Amy and Michael discuss several key topics. They dive into the new IRS direct tax filing program, explaining how it allows taxpayers to file directly with the IRS, bypassing third-party services like TurboTax. Bryan Metzger, senior politics reporter for Business Insider, joins the conversation to discuss the program's origins and its potential impact. They explore the challenges and debates surrounding the program, including concerns about the IRS's dual role in enforcement and assessment. The conversation then shifts to sports, as Bernie Miklasz joins to discuss the St. Louis Blues' recent success under new coach Jim Montgomery and the team's improvements in both offense and defense. They also analyze the Chiefs' vulnerabilities, especially concerning Patrick Mahomes' high ankle sprain and the team's ability to perform in close games. The hour wraps up with discussions on the Red Cross's holiday blood drive and the 2026 U.S. Figure Skating Championships.

Most of us are all too familiar with tax filing, but how much tax planning have you done? We spend some time in this short episode digging into some of the concepts included in tax planning and discuss how they can powerfully impact an overall financial plan.Contact: Ben@abundancewm.comWebsite: Abundance Wealth ManagementShow music: Can We Go by The Violet NinesDISCLAIMERThe discussions contained in and referred to in this podcast are provided for educational, informational, and entertainment purposes only. The information, statements, comments, views, and opinions expressed or provided are not necessarily those of Abundance Wealth Management LLC and may not be current. Abundance Wealth Management LLC does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, and any liability therefore (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Abundance Wealth Management LLC does not undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views, or opinions set forth in this podcast.You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this podcast without undertaking independent due diligence and consultation with a professional wealth management advisor. You understand that you are using all information available on or through this podcast at your own risk. Hosted on Acast. See acast.com/privacy for more information.

 Are you making the most of your year-end tax planning strategy? In this episode, the guys share the top 10 tax mistakes that could be costing you more than you realize. From the importance of filing away crucial documents to understanding the nuances between Traditional IRAs, Roth IRAs, and 401(k)s, each mistake presents a unique opportunity for improvement. Tune in as they dive into often-overlooked tax deductions, credits, and strategies to optimize your financial plan. Don't miss out on essential insights that could help you save money and navigate the complexities of the tax system! For show notes, links, and the full transcript, visit theinvesteddads.com/224Have episode ideas? Have a question? Send us a text!Sign up for our exclusive newsletter here!The Invested Dads: Website | Instagram | Facebook | Spotify | Apple Podcasts

As an entrepreneur, you work hard to generate revenue. Many businesses focus on sales to drive that revenue. But, what are you doing to keep more of that money? THE BOOK ON SELLING I love learning the nuances of selling. In fact, I just finished another book on it. We talk a lot about connecting with other experts and the power those connections hold for your growth. This book came to me from connections. One of my former coaches introduced me to her daughter as a joint venture partners. Her daughter introduced me to the leader of her mastermind. The leader of the mastermind connected me to a sales expert who was another member of the mastermind. That expert is Joe Pallo. He wrote a great book on selling called "How To Sell Nothing – The Logical Way To Make The Emotional Sale". In the book, Joe talks about learning about the prospect before the sales conversation. It's a lot about relationships and very similar to what we discuss here. WHERE DOES THE MONEY GO? As we generate revenue from our sales, we tend to allocate that revenue to a variety of expenses. But, do you know where your money is going? Why is it that people making $40k a year live paycheck-to-paycheck and people making $120k a year also live paycheck-to-paycheck? It's because our expenses creep up as our income increases. We think we could never live without something that we never dreamed of having when we were making half or a third of what we are making now. Unless you deliberately tell the money where to go, it will all disappear. Many entrepreneurs start their company on a shoestring budget. I started this company on $500 for a website, some podcasting tools, and a couple other things. As entrepreneurs make more money, they begin spending on things like marketing, virtual assistants, and memberships. How many memberships do you have? Which ones are you really using on a regular basis and getting benefit from? Back when you were making no money, you hustled and spent time instead of money. You made it work, because you didn't have the money to spend on marketing. Now, I'm not saying don't invest in marketing or powerful tools to help you grow your business even faster. I'm simply suggesting you invest that money with a purpose. Do you really need a second mastermind or third AI tool? KEEP MORE OF YOUR MONEY When it comes to spending money, I'm a big proponent of investing money where it can help you grow bigger and faster with focus. One of those ways is finding an expert who knows the space much better than you and can help you shorten the timeframe to reach success. Experts can typically show you what you don't know and help you discover solutions faster. I use coaches and experts for very specific purposes. I don't have a business coach. That is too broad. At this point, I have a sales coach and a marketing coach. They help me in very specific ways. Another expert I use is my accountant. I don't do my taxes, because I have no interest in learning all of the tax code, I don't know what I can write off properly, and I don't want to spend the time trying to figure it out. A good accountant can help you keep more of your money by finding the leaks in your bucket. You work hard to generate the revenue. It's time you start working a little harder to keep it. YOUR MONEY EXPERT Today, I want to help you get started. I want to bring you a conversation I had with Ralph Estep Jr. He is the host of the Ask Ralph Podcast where he shares insights on finance, taxation, and entrepreneurship and helps entrepreneurs manage money God's way. He has some incredible tips for you to help you keep more of your money. Ralph V. Estep, Jr. is a multifaceted professional whose career spans accounting, entrepreneurship, farming, and media. With a background in finance and technology, he founded Saggio Management Group and has held leadership positions in various organizations. This interview was part of my Podcast Profits Summit. Grab something to take notes with and get ready to keep more of your money. Enjoy my conversation with Ralph Estep. Jr. Be sure to grab Ralph's gift. It is "Keep more of your money with 5 accounting tips most entrepreneurs miss". You can download it at https://www.askralphpodcast.com/5tips.   If you don't have a mentor who can take your hand and walk you every step of the way, go to www.PodcastTalentCoach.com/apply, click the button and apply to have a chat with me. We will develop your plan and see how I can help and support you to achieve your podcast goals.

In this episode of "Right About Now," host Ryan Alford sits down with Ryan Moriarty, president of Done For You Tax, to explore essential tax strategies for small businesses. Moriarty reflects on his journey from computer science to accounting, sharing how his technical background shapes his approach to tax management. He dives into the importance of accurate bookkeeping and addresses common fears surrounding taxes. Throughout the conversation, Moriarty highlights how advancements in technology and AI have revolutionized accounting, making it more accessible and cost-effective for small business owners. He also offers practical tax advice, including tips on home office deductions, vehicle expenses, and the importance of meticulous documentation to prevent audit risks. This episode is packed with valuable insights aimed at empowering small business owners with the tools and knowledge they need for smarter financial management.TAKEAWAYSImportance of tax management for small businessesRole of bookkeeping in successful tax filingCommon fears and misconceptions about taxesTarget audience for affordable accounting servicesImpact of technology on accounting efficiencyIntegration of artificial intelligence in bookkeepingClient involvement in the accounting processUnderstanding tax audits and preparationPractical tax tips for small business ownersOverlooked deductions and common pitfalls in tax filingTIMESTAMPSIntroduction to Taxes (00:00:00)Discussion on the importance of understanding taxes and maximizing savings within legal boundaries.Podcast Introduction (00:00:09)Ryan Alford introduces the podcast, highlighting its popularity and engaging tone.Welcome to the Episode (00:00:32)Ryan Alford sets the stage for the episode's focus on taxes, emphasizing its relevance.Guest Introduction (00:00:56)Ryan Alford introduces Ryan Moriarty, president of Done For You Taxcom.Personal Life Update (00:01:54)Ryan Moriarty shares his personal happiness living in Puerto Rico with family.Moriarty's Background (00:02:25)Ryan Moriarty discusses his journey from computer science to founding an accounting firm.The Nature of Taxes (00:03:27)Ryan Alford and Moriarty explore the complexities and societal implications of taxes.Maximizing Tax Savings (00:04:13)Moriarty emphasizes the importance of following tax laws to maximize savings.Fear and Trepidation Around Taxes (00:04:42)Discussion on the common fears and lack of knowledge people have regarding taxes.Target Audience for Services (00:05:20)Moriarty identifies small business owners as the primary audience for his services.Bookkeeping Advice (00:06:53)Moriarty advises new business owners to prioritize bookkeeping to simplify tax filing.Challenges of Bookkeeping (00:07:58)Ryan Alford shares insights on the difficulties of maintaining proper bookkeeping.Importance of Bookkeeping (00:08:35)Moriarty stresses that proper bookkeeping is essential for tax compliance.Technological Advancements in Accounting (00:09:13)Moriarty discusses how technology has improved efficiency in accounting practices.Role of AI in Bookkeeping (00:10:57)Moriarty explains how AI assists in bookkeeping, reducing manual labor.Business Owner Involvement (00:12:17)Moriarty clarifies the level of involvement required from business owners in bookkeeping.Tax Preparation Process (00:13:15)Moriarty outlines the steps involved in preparing taxes for clients.Client Expectations from Tax Services (00:14:13)Discussion on what small business owners seek in tax services: speed and accuracy.Audit Concerns (00:15:00)Moriarty addresses client fears regarding audits and how his service can help.Audit Likelihood (00:16:06)Moriarty shares statistics on audit chances for small businesses.Importance of Accurate Record-Keeping (00:16:58)Moriarty emphasizes the need for accurate bookkeeping to support tax filings during audits.Ongoing Client Guidance (00:18:00)Moriarty explains the continuous support provided to clients to avoid audits.Understanding Audits (00:18:09)Discussion on desk audits, specific categories audited, and the importance of being prepared.Audit Support Services (00:19:06)Explanation of how Done For You Taxcom assists clients during audits and inquiries.Avoiding Full Audits (00:19:44)Insight on how to prevent full audits by maintaining organized records and avoiding red flags.Tax Tips for Small Businesses (00:20:04)Advice on practical tax management strategies for small business owners to stay organized.Home Office Deductions (00:20:36)Importance of having a home office and how to calculate deductions based on square footage.Vehicle Expense Deductions (00:21:22)Explanation of vehicle expense deductions, including mileage tracking versus actual expenses.Real Estate Investment Strategies (00:22:11)Tax strategies for high-income clients involving real estate and the benefits of accelerated depreciation.Misconceptions About Vehicle Deductions (00:25:22)Discussion on the pitfalls of writing off luxury vehicles and their depreciation.Debunking Tax Myths (00:26:39)Clarification on common tax myths surrounding vehicle deductions and financial planning.Maximizing Home Office Deductions (00:28:12)Encouragement to accurately calculate home office expenses and potential deductions for small businesses.Writing Off Business Meals (00:29:11)Guidance on writing off meals when there is a business purpose, even during personal dinners. If you enjoyed this episode and want to learn more, join Ryan's newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE. Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding. Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel www.youtube.com/@RightAboutNowwithRyanAlford.