Podcasts about Tax law

Imagine breaking even at the casino and still owing taxes.Beginning in 2026, Congress approved a new rule that limits gambling loss deductions to 90%. That means if you win $10,000 and lose $10,000, you could still owe taxes on $1,000 of phantom income.Today, we're breaking down the new gambling tax rule that quietly slipped into law, why it creates phantom income for gamblers, and what casual and professional gamblers need to do right now to protect themselves.

A tax-season special episode: Co-hosts, Austyn Garcia and Zachary Bouck, interview tax professional, Blaise Surhigh, to address 2026 tax myths, questions, and updates.  0:00 – Introduction to Tax Myths & CPA Insights 5:29 – Debunking Popular Tax Myths 9:57 – S-Corps & Their Benefits 13:07 – The Rise of DIY Tax Prep 15:32 – Recent Changes in Tax Law 21:06 – The Importance of Long-Term Tax Planning 22:58 – Maximizing Wealth in Roth Accounts Visit www.denverwealthmanagement.com to schedule a free consultation. 

Plus, your 2026 Blueprint for Success. CPA April McDaniel and industry leader Bonnie Bonadeo unpack the new 2025 tip tax deduction, employer FICA tax credits, IRS reporting rules, and what beauty businesses need to know now. This session combines tax clarity with strategic leadership planning for a stronger 2026.Watch this session on YouTubePurchase your 2026 Salon Success Blueprint here

Send a textJeff and Scott chat with Mike Kaercher, Deputy Director of the Tax Law Center at NYU Law, about where tax law comes from. We often refer to “tax law,” but in this episode we unpack what that actually means—how the Internal Revenue Code, Treasury Regulations, and court cases, all the rest, all fit together, and who actually writes the words on the pages we consider to be tax law. 

Utah legislators seeking to lower the state's at-the-pump tax on gasoline and diesel have proposed a tax of up to 24 cents on every gallon of motor fuel produced at Utah's five refineries. That has raised the ire of refiners and out-of-state consumers of Utah-sourced fuels, who cite several reasons why the move would be a mistake.

In this opening episode of Ashurst’s Taxed Out series, partners Vanja Podinic and Colin Little unpack the dominant Australian tax controversy themes from 2025 and what they signal for the year ahead. They explore the ATO’s whole-of-code approach, the escalation of scrutiny on financing and marketing hubs, related-party arrangements and private capital, and the continued interplay between transfer pricing, PE risk, intangibles and anti-avoidance. Colin and Vanja break down the ATO’s FY25 settlement and certainty data, including the decline in APAs, the rise of bilateral agreements, and growing use of the Mutual Agreement Procedure. They also reflect on the landmark decisions that shaped 2025 from embedded royalties and anti-avoidance in PepsiCo and Hicks, to Division 855 disputes in YTL and Newmont, and the Bendel decision now before the High Court. Finally they close with the 2026 cases to watch, including Bendel, Tabcorp, Coca-Cola and The Star, and share practical steps for taxpayers preparing for another active year of reviews, audits and litigation. To follow the series, visit ashurst.com or search for Ashurst Legal Outlook on your preferred podcast platform. The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.See omnystudio.com/listener for privacy information.

Megan Lynch visits with Wash U tax law expert Sarah Narkiewicz. They discuss the proposal to eliminate an income tax in Missouri. Narkiewicz says the state would have to start, taxing services, to keep pace with spending, 'there are only so many ways a state can generate revenue,' she says. 'Overall it will generally benefit higher income people more than lower income,' says Narkiewicz.

everything you need to know about the nigerian tax law.

On this powerful episode of Talk Law Radio, host Todd Marquardt is joined by Joseph Warren of Financial Planning HQ and Mark Nelson, CPA of Nelson & Mata for an in-depth conversation about tax law, retirement strategy, cryptocurrency reporting, and legacy planning.

Understanding the Step Transaction Doctrine: A Deep Dive into Tax LawThis conversation delves into the complexities of tax law, focusing on statutory interpretation, the step transaction doctrine, and the philosophical battles between textualism and intentionalism. It emphasizes the importance of understanding judicial doctrines that prevent tax avoidance and the implications of public policy on tax legislation. The discussion also highlights the need for transparency in governance to distinguish between legal tax avoidance and illegal tax evasion.In the intricate world of tax law, the Step Transaction Doctrine stands as a pivotal concept, especially for those preparing for the bar exam or delving into complex transactional courses. This doctrine is not just about reading the code; it's about mastering the interpretive skills necessary to navigate the formidable judge-made doctrines designed to combat tax avoidance.The Core of Statutory Interpretation: The journey begins with understanding the literal tools and textual canons used to read the code. The battle between pure textualism and intentionalism is a classic one, and mastering these philosophical debates is crucial for exam success. The substance over form doctrine, particularly the three classical tests of the step transaction doctrine, plays a critical role in how courts apply these principles against modern tax schemes.The Step Transaction Doctrine Explained: The doctrine treats a series of formally separate steps as a single integrated transaction if the steps were clearly undertaken to reach a specific end result. This application of substance over form is particularly used when the tax result hinges on the final ownership percentage or the sequence of property transfers. Understanding the stakes and the tests involved, such as the Binding Commitment Test, the Interdependence Test, and the End Result Test, is essential for any legal learner.Conclusion: Mastery of tax law requires a dual approach: respecting the text and anticipating the IRS's defensive use of judicial anti-abuse doctrines. The code is a complex reflection of our collective values, rewarding positive behaviors and penalizing social ills. As tax law continues to evolve globally, the challenge remains to achieve enough statutory clarity and transparency to distinguish between aggressive tax avoidance and illegal evasion.Subscribe now to stay updated on the latest insights in tax law and more.TakeawaysMastering tax law requires understanding statutory interpretation and judicial doctrines.The step transaction doctrine integrates separate steps into a single transaction for tax purposes.Statutory definitions are crucial and often control over common interpretations.Judicial doctrines like economic substance and anti-avoidance are essential in tax law.The tension between textualism and intentionalism shapes judicial decisions in tax cases.Aggressive tax avoidance can be a result of legislative loopholes created by special interests.Transparency in tax governance is necessary to maintain public trust and clarity.The economic substance doctrine requires transactions to have real business purposes beyond tax benefits.The step transaction doctrine has three tests: binding commitment, interdependence, and end result.Public policy plays a significant role in shaping tax law and its interpretation.tax law, statutory interpretation, step transaction doctrine, tax avoidance, tax evasion, economic substance doctrine, judicial doctrines, public policy, legal analysis, tax planning

Navigating the Federal Tax Controversy: From Audit to CourtThis conversation delves into the complexities of federal tax controversy, emphasizing the procedural landscape that taxpayers must navigate when facing IRS challenges. It covers misconceptions about tax filing, the distinction between tax avoidance and evasion, the importance of willfulness in tax defense, civil penalties, the audit process, document control, the assessment and collection phases, IRS enforcement tools, the appeals process, litigation paths, and the balance between tax collection and due process.In the complex world of federal tax controversy, understanding the procedural landscape is crucial. This isn't about tax rates or deductions; it's about the battlefield that emerges when the IRS challenges your return. From the initial audit to the high-stakes decision of where to litigate, the journey is fraught with procedural intricacies.The Misconception of Voluntary FilingA common misconception is that filing a federal tax return is voluntary. This misunderstanding stems from the phrase "voluntary assessment and payment," often misinterpreted by tax protesters. In reality, while the assessment is voluntary, the duty to disclose and pay is mandatory, as reinforced by the Internal Revenue Code.The Role of Penalties and CompliancePenalties play a significant role in ensuring compliance. The IRS imposes severe sanctions, including civil penalties and criminal prosecution, for those who attempt to subvert mandatory filing rules. Courts consistently reject arguments based on the voluntary premise, labeling them as legally meritless.Strategic Choices in LitigationChoosing the right judicial forum is a critical strategic decision. The U. S. Tax Court allows taxpayers to litigate without prepayment, offering a venue with judges who specialize in tax law. Alternatively, refund litigation in District Court or the Court of Federal Claims requires full payment upfront but offers the possibility of a jury trial.Mastery of procedural rules is as vital as understanding the substantive tax code. From the 90-day letter to the variance doctrine, procedural planning must precede substantive preparation. As you navigate this complex landscape, remember that the system is designed to ensure compliance through robust enforcement, not just civic goodwill.Subscribe now to stay informed on the latest in tax law and controversy.TakeawaysThe IRS challenges can be likened to a battlefield.Filing taxes is mandatory, not voluntary.Taxpayers must self-assess their tax liabilities.Tax avoidance is legal, while tax evasion is criminal.Willfulness is crucial in defending against tax charges.Civil penalties can be severe for non-compliance.The audit process begins with information requests.Document control is vital during IRS examinations.Tax assessments carry a presumption of correctness.Taxpayers have rights to challenge IRS actions.IRS, tax controversy, tax filing, tax evasion, tax avoidance, tax penalties, tax audit, tax litigation, tax compliance, tax law

Mastering Income Tax Accounting: Navigating ASC 740This conversation delves into the complexities of ASC Topic 740, which governs the accounting for income taxes. It explores the intersection of tax law and financial accounting, emphasizing the importance of understanding deferred tax assets and liabilities, the role of temporary differences, and the challenges of valuation allowances. The discussion also covers exceptions to recognition, the measurement of deferred taxes, and the implications of business combinations and intra-entity transfers. Ultimately, it highlights the critical role of corporate lawyers in navigating these intricate tax accounting issues to provide strategic counsel.In the intricate world of corporate finance, mastering income tax accounting under ASC 740 is crucial. This framework governs how companies reconcile their financial and tax reporting, a task that requires both precision and strategic insight.Understanding ASC 740: ASC 740 is the bridge between a company's financial story and its tax obligations. It involves recognizing Deferred Tax Assets (DTAs) and Deferred Tax Liabilities (DTLs), which arise from temporary differences in how income and expenses are reported for financial versus tax purposes. For instance, accelerated tax depreciation creates a DTL, while a warranty reserve might generate a DTA.Key Concepts: Deferred Tax Assets and Liabilities: DTAs represent future tax benefits, while DTLs are future tax obligations. Understanding these concepts is essential for accurate financial reporting. Valuation Allowance: A critical aspect of ASC 740 is determining whether DTAs will be realized. This involves assessing the likelihood of future taxable income, a task that requires careful judgment and evidence. Temporary Differences: These are the core of ASC 740, representing timing differences in income and expense recognition. They require companies to maintain a tax basis balance sheet alongside their GAAP balance sheet.Strategic Implications: ASC 740 is not just about compliance; it's a strategic tool. It influences decisions in mergers and acquisitions, international tax planning, and executive compensation. Understanding its nuances can provide a competitive edge in corporate strategy.Mastering ASC 740 is essential for anyone involved in corporate finance or tax law. It requires a deep understanding of both accounting principles and tax regulations. By navigating this complex landscape, professionals can ensure accurate financial reporting and strategic tax planning.Subscribe Now: Stay informed on the latest in corporate finance and tax law by subscribing to our newsletter.TakeawaysASC Topic 740 is crucial for understanding tax accounting.Business structures significantly impact tax implications.Deferred tax assets and liabilities arise from temporary differences.Valuation allowances are essential for assessing the realizability of DTAs.Exceptions to recognition can complicate tax accounting.Uncertain tax positions require careful legal analysis.Measuring deferred taxes involves understanding tax rates and future expectations.Business combinations create new temporary differences that must be accounted for.Intra-entity transfers can qualify as tax planning strategies.Corporate lawyers play a vital role in navigating tax accounting complexities.ASC Topic 740, tax accounting, deferred tax assets, deferred tax liabilities, valuation allowance, business structures, temporary differences, uncertain tax positions, corporate finance, tax l

Understanding the Tax Trinity: Basis, Realization, and Non-RecognitionThis conversation delves into the fundamental concepts of property taxation, focusing on the tax trinity of basis, realization, and non-recognition. The discussion outlines how tax basis serves as the foundation for calculating gains or losses, the significance of realization events in triggering tax liabilities, and the implications of adjusted basis over time. It contrasts the treatment of gifts and inheritances, highlighting the stepped-up basis rule, and explores various non-recognition rules that allow for tax deferral. The conversation concludes with a reflection on the policy implications of these tax rules, particularly the stepped-up basis at death.In the complex world of tax law, understanding the foundational concepts of basis, realization, and non-recognition is crucial. These principles form the bedrock of property taxation and are essential for anyone studying tax law or preparing for the bar exam.The Foundation: Basis Basis is your investment baseline for tax purposes. It's the starting point for calculating gain or loss when you sell an asset. While it sounds simple—basis equals cost—the reality involves numerous exceptions and adjustments. For instance, the Uniform Capitalization Rules (Unicap) require businesses to capitalize production costs, adding complexity to the calculation.Realization: The Tax Trigger Realization is the event that triggers tax calculation. It's not just about cash transactions; exchanges of property or debt relief can also constitute realization events. The legal definition, as established in landmark cases, emphasizes the need for a transaction to lock in gains.Non-Recognition: The Escape Hatch Non-recognition statutes allow taxpayers to defer gains under certain conditions. The like-kind exchange rule under IRC Section 1031 is a prime example, allowing deferral of gains when swapping investment properties. However, the rules are strict, and missing deadlines can result in immediate tax liability.Mastering these concepts is not just about passing exams; it's about understanding how wealth moves through the tax system. The step-up in basis rule, for instance, allows billions in unrealized gains to escape taxation annually. As you delve deeper into these topics, consider the broader policy implications and the ongoing debates surrounding these rules.Subscribe now to stay updated on the latest in tax law and gain insights into the intricacies of the tax code.TakeawaysTax basis is the starting point for calculating gain or loss.Realization is the event that triggers tax liability.Adjusted basis changes over time due to improvements and depreciation.Gifts carry over the donor's basis, while inheritances receive a stepped-up basis.Non-recognition rules allow for tax deferral in certain transactions.Like-kind exchanges allow deferral of gains when swapping similar properties.The dual basis rule prevents gifting losses.The stepped-up basis rule at death excludes unrealized gains from taxation.Realization and recognition are distinct concepts in tax law.The policy debate around the stepped-up basis rule is significant.tax law, property taxation, tax basis, realization, non-recognition, gifts, inheritances, tax deferral, IRS, tax code

Mastering MACRS Depreciation: A Deep Dive into Tax EfficiencyThis conversation delves into the complexities of business taxation, focusing on property deductions and the rules governing depreciation under the Modified Accelerated Cost Recovery System (MACRS). The discussion covers foundational concepts, tax benefits, qualifying criteria for depreciation, the mechanics of MACRS, immediate expensing options like Section 179 and bonus depreciation, and the implications of listed property rules. The conversation concludes with a reflection on the balance between incentivizing business investment and ensuring compliance with tax regulations.Imagine you're a business owner, navigating the complex world of taxation. You've just invested in new equipment, and the question looms: how do you maximize your tax benefits? Welcome to the world of MACRS depreciation, a cornerstone of business tax strategy.Understanding Depreciation: Depreciation isn't just a theoretical exercise; it's a structured calculation that can significantly impact your tax liability. The Modified Accelerated Cost Recovery System (MACRS) is the IRS's method for depreciating property, allowing businesses to recover the cost of assets over time. This system is crucial for anyone involved in business taxation, as it dictates how and when you can deduct the cost of your assets.Key Concepts:Property Qualification: Not all assets qualify for depreciation. To be depreciable, property must be used in a trade or business and have a determinable useful life. Land, for instance, is never depreciable because it theoretically lasts forever.Depreciation Systems: MACRS offers two primary systems: the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). GDS is the default, offering faster recovery periods, while ADS is slower and often mandatory for certain property types.Section 179 and Bonus Depreciation: These provisions allow for immediate expensing of certain property, providing significant upfront tax benefits. However, they come with limitations, such as the business income limitation and specific caps for vehicles.Listed Property and Recapture: Assets like cars and computers, which can be used for both business and personal purposes, are subject to stricter rules. Failing to meet the business use test can lead to recapture, where previously claimed deductions are added back to income.Mastering MACRS depreciation is about understanding the interplay between qualification, calculation, and limitation. It's a critical skill for optimizing tax efficiency and ensuring compliance. As you navigate these rules, remember that the goal is to balance maximizing deductions with adhering to IRS regulations.Subscribe now to stay updated on the latest tax strategies and insights.TakeawaysDepreciation is a multi-step calculation that requires precision.Tax benefits are categorized into exclusions, deductions, and credits.Land is not depreciable, but land improvements can be under certain conditions.The IRS scrutinizes the overall pattern of asset use for tax purposes.Basis must be adjusted for allowed or allowable depreciation, impacting future gains.The Lesser Of Rule caps depreciation for converted personal property.GDS allows for faster recovery periods compared to ADS.Section 179 provides immediate expensing options but has strict limits.Failing the 50% QBU test results in severe tax consequences.Recapture rules enforce compliance by reclaiming excess depreciation.business taxation, depreciation, MACRS, tax benefits, Section 179, bonus depreciation, listed property, tax compliance, IRS rules, property deductions

Understanding Gross Income: The Foundation of Tax LawThis conversation delves into the intricate world of gross income and its foundational role in tax law. It explores the expansive definition of gross income as outlined in Section 61 of the Internal Revenue Code, the judicial interpretations that have shaped its understanding, and the critical importance of realization in determining taxable income. The discussion also covers common categories of income, statutory exclusions, and the administrative choices made by the IRS that impact taxation. Additionally, it addresses timing rules and the claim of right doctrine, emphasizing the tension between inclusion and exclusion in tax law.In the world of tax law, understanding the concept of gross income is crucial. It's the bedrock upon which the entire tax system is built. This blog post explores the intricacies of gross income, drawing insights from landmark cases and statutory provisions.The Broad Net of Section 61: Section 61 of the Internal Revenue Code casts a wide net, defining gross income as "all income from whatever source derived." This expansive definition ensures that nearly every form of economic gain is captured, from wages and business income to unexpected windfalls.Judicial Interpretation and the Glenshaw Glass Test: The Supreme Court's decision in Commissioner v. Glenshaw Glass established a three-part test for determining income: an undeniable accession to wealth, clearly realized, and under the taxpayer's complete dominion. This test has become a cornerstone of tax law, guiding the inclusion of various forms of income.Navigating Exclusions and Exceptions: While the presumption is that all accessions to wealth are income, there are statutory exclusions, such as gifts and inheritances under Section 102. The Duberstein case highlights the importance of the giver's intent in distinguishing between a gift and compensation.The Role of Realization: Realization is a critical concept in tax law, determining when income is recognized. The Eisner v. McComber case illustrates that mere appreciation in value is not enough; a specific event, like a sale, must occur to trigger taxation.Understanding gross income is essential for navigating the complexities of tax law. By mastering the principles of inclusion, realization, and statutory exclusions, one can effectively analyze and apply tax rules. As the IRS continues to adapt to new economic realities, the definition of gross income will undoubtedly evolve, shaping the future of tax law.Subscribe now to stay updated on the latest insights in tax law and beyond.TakeawaysGross income is the foundation of tax law.The definition of gross income is expansive and includes all accessions to wealth.Judicial interpretations, particularly the Glenshaw Glass case, have shaped the understanding of income.Realization is crucial; income is only taxed when it is realized through a specific event.Gifts and inheritances are excluded from gross income under Section 102.Illegal income is still considered taxable income.The claim of right doctrine allows taxpayers to deduct repayments in the year they occur.Administrative choices by the IRS can lead to non-taxation of certain accessions to wealth.Timing rules are essential for understanding when income is recognized for tax purposes.The tension between inclusion and exclusion reflects the policy goals of the tax system.gross income, tax law, judicial interpretation, Glenshaw Glass, realization, income categories, tax exclusions, administrative choices, timing rules, general welfare exception

Understanding the Intricacies of Tax Law: A Deep DiveThis conversation provides a comprehensive overview of tax law, focusing on the Internal Revenue Code and its structure. It demystifies the complexities of tax law, emphasizing the logical framework that governs it. The discussion covers the role of the IRS, the differences between tax avoidance and evasion, and the intricacies of real estate taxation. Key strategies for navigating tax disputes and understanding tax classifications are explored, along with mechanisms for measuring gain and loss, tax deferral, and depreciation recapture. The conversation concludes with practical advice for law students and practitioners on how to approach tax law effectively.Tax law often conjures images of complex codes and daunting regulations. However, beneath this seemingly impenetrable surface lies a structured and logical system. In this post, we unravel the intricacies of tax law, focusing on its statutory framework and the pivotal role it plays in shaping economic behavior.The Architecture of Tax Law: Tax law is fundamentally statutory, with the Internal Revenue Code serving as its backbone. Unlike other areas of law, where judicial opinions shape the landscape, tax law is primarily driven by Congress. This statutory nature rewards methodical analysis and precise application, making it a unique field within the legal system.The Dual Purpose of Tax Rules: Every tax rule serves two masters: revenue generation and policy implementation. Congress uses the tax code to influence economic behavior, encouraging investments and penalizing certain activities. Understanding this dual purpose is crucial for navigating the complexities of tax law.The Hierarchy of Authority: Navigating tax law requires an understanding of its hierarchy of authority. At the top are the statutes, followed by Treasury regulations, which carry significant weight. Below these are revenue rulings and procedures, which provide guidance but lack the binding authority of regulations.Real Estate and Tax Classification: In real estate, classification is key. The purpose for which a property is held determines its tax treatment, affecting deductions, depreciation, and the character of gains or losses. Mastering these classifications is essential for effective tax planning and compliance.Conclusion: Tax law, often viewed as a burden, is a powerful tool for economic incentives. By understanding its structure and purpose, legal professionals can navigate its complexities and leverage its provisions for strategic advantage. As you delve into the world of tax law, remember that the code is your guide, and methodical application is your ally.Subscribe now to stay updated on the latest insights in tax law and other legal topics.TakeawaysTax law is structured and logical, contrary to common belief.Understanding the hierarchy of tax law is crucial for analysis.The IRS plays a significant role in interpreting tax law.Tax avoidance is legal, while tax evasion is not.Real estate classification is key to tax outcomes.Section 1231 provides beneficial treatment for certain assets.Recognized gain is generally required unless exempted by law.The boot rule affects recognized gain in exchanges.Long-term holding periods can mitigate tax liabilities.Always start tax analysis with the statute itself.tax law, Internal Revenue Code, tax court, IRS, tax avoidance, real estate taxation, tax strategies, depreciation, tax deferral, tax policy

@nigeriasbest and @phoenix_agenda were joined by @Tex_the_LawThey discussed:Supreme Court ruling on State of Emergency suitAlleged changes to Tax Law after passage by National AssemblyReactions to Omole book on BuhariUS issues visa ban on Nigeria and other countries, cite visa overstay, insecurity and inability to verify applicants as reasons

Are you ready for the year-end financial countdown? This episode with JoePat Roop dives into last-minute tax strategies, the pros and cons of Roth conversions, and how Social Security timing can impact your retirement plan. Discover why personalized planning matters, how new tax laws could affect your future, and what to consider when leaving a legacy for your loved ones. For more information or to schedule a consultation call 704-946-7000 or visit BelmontUSA.com! Follow us on social media: YouTube | Instagram | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

Nigeria's tax reforms were designed to strengthen revenue collection and streamline administration, but the controversy surrounding their passage has raised serious questions about process, trust and accountability.With lawmakers rejecting the gazetted versions of the tax laws and pressure mounting on the Federal Government to halt implementation, uncertainty now hangs over businesses, investors and taxpayers.On Nigeria Daily, we examine the disputed tax laws, the political and economic implications of enforcing them despite resistance, and what this standoff could mean for governance and ordinary Nigerians.

In 2020, Ankur Nagpal sold his course platform, Teachable, for around $250 million. But he knew that the sale would come with a giant tax bill. So Ankur became obsessed with the tax code, and he wanted to make it easier for everyone to legally operate within it. That led him to discover Solo 401(k)s. So he built a new company called Carry that helps you legally keep more of what you earn and invest it the way you want. This podcast is for informational purposes, and not intended to be financial advice. Please consult a financial advisor about your specific situation. → Get Ankur's Free Tax Guide → Sign up for Carry ⁠⁠⁠⁠⁠⁠⁠⁠⁠Full transcript and show notes⁠⁠⁠⁠⁠⁠⁠⁠⁠ *** TIMESTAMPS (00:00) Introduction (01:32) Ankur's Crash Course in Tax Law (08:18) Tax Loopholes and Bias (11:02) Solo 401(k) Benefits Explained (14:32) Solo 401(k) Contribution Guidelines (17:46) S-Corp Tax Benefits Explained (20:11) Maximizing QBI Deduction Strategies (23:22) Tax Planning CPA vs Planners (26:29) Solo 401(k) Advantages Explained (31:49) Direct Indexing (32:34) Tax Loss Harvesting Strategy (36:34) Maximizing Retirement Contributions (41:07) Solo 401(k) Tax Planning Deadlines (44:06) Solo 401(k) Setup Guide (46:12) Tax-Saving Strategy Money Markets *** RECOMMENDED NEXT EPISODE → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠#280: How to LEGALLY Protect Your Channel (YouTube Lawyer Tyler Chou Explains) *** ASK CREATOR SCIENCE → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Submit your question here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ *** WHEN YOU'RE READY

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ Roger Ver, known as "Bitcoin Jesus," has officially settled his long-running tax case with the U.S government. In this video, Mr Henderson explains what really happened, why renouncing U.S citizenship doesn't automatically free you from every U.S tax obligation, and the major misconceptions exposed by this case. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ Disclaimer: Neither Nomad Capitalist LTD nor its affiliates are licensed legal, financial, or tax advisors. All content published on YouTube and other platforms is intended solely for general informational and educational purposes and should not be construed as legal, tax, or financial advice. Nomad Capitalist does not offer or sell legal, financial, or tax advisory services.

In this episode, Lane and guest tax expert Jack Hollander dive into strategies for offsetting ordinary income through oil and gas investments. They discuss the unique tax benefits, including intangible drilling costs and depletion allowances, and how these can provide significant deductions for high-income earners. The conversation addresses common mistakes with passive losses and real estate professional status, provides insights into how to properly utilize oil and gas investments, and answers questions on minimizing tax liabilities and optimizing portfolio strategies.00:00 Introduction to Tax Deductions in Oil and Gas Investments00:39 Understanding Passive and Ordinary Income01:11 Limitations of Passive Losses02:09 Real Estate Professional Status and Short-Term Rentals02:48 Introduction to Oil and Gas Investments03:02 Misconceptions About Bonus Depreciation06:08 Importance of Consulting Professional Advisors07:42 Basics of Tax Law and Income Buckets12:07 Financial Planning and Investment Considerations13:24 How Oil and Gas Investments Fit into a Portfolio15:23 Tax Benefits of Oil and Gas Investments23:53 Intangible Drilling Costs (IDCs) Explained35:16 Understanding Passive Losses and Tax Benefits35:53 Investment Strategies for Self-Employed Individuals36:33 Navigating Tax Forms and Returns37:27 Managing Investment Expectations38:37 Cash Flow and Tax Savings39:49 Evaluating Oil and Gas Investments41:15 Portfolio Diversification and Tax Planning43:15 Risk Management in Oil and Gas Investments53:09 Using IRAs and Roth Conversions01:03:01 Final Thoughts and Upcoming Events Hosted on Acast. See acast.com/privacy for more information.

In this episode, Don and Marc huddle up for a fourth-quarter financial game plan to help you finish the year strong. With 2025 winding down, Don breaks down the key tax moves every retiree and pre-retiree should know before December 31st- including the expanded SALT deduction, the new Bonus Senior Deduction, and strategies for charitable giving and Roth conversions.   Here's some of what we discuss in this episode:

As a small business, your salon company has options when it comes to paying taxes. But are you chosing the right one? Whether you're in a parternship, an S corp or a C corp, the best entity for your business might not be the same as the salon across town, or even the same as it was a few years ago when you had four chairs instead of eight. For the second in our Financials 101 series, Boyum Associates accounting wiz Chris Wittich breaks down everything you need to know to make an informed decision. You'll hear:The differences between Schedule C, partnerships, S Corps, and C CorpsWhy S Corps are often the go-to for salons—and when it's time to make the switchHow state laws and the new FICA tip credit can impact your decisionThe importance of paying yourself a “reasonable salary” as a salon owner (and what that really means)Why setting up an LLC is a smart move, even if you're just starting outCommon mistakes salon owners make with their taxesGet more tips and reach out to Chris Wittich at salon.cpaLearn more about the FICA tax tip credit and tax-free tips!  Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry.

On the Trust the Plan Podcast from Peak Wealth, Nick Hopwood, CFP® and Jim Pilat, CFP® open the episode with a conversation about Michigan football before shifting into a discussion on a recent Wall Street Journal article about changes to tax laws. They explore how certain households, such as married couples with children or retirees, can end up in a zero percent federal tax situation through careful planning. The discussion covers strategies like managing income sources, using deductions, and timing withdrawals to take full advantage of the current tax code. — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Stay Connected With Us: Podbean: findingtruewealth.podbean.com YouTube: / @peakwealthmgmt Apple: rb.gy/1jqp6 (Trust the Plan Podcast) Facebook: Facebook.com/PeakWealthManagement Twitter: Twitter.com/nhopwood1 www.peakwm.com  

Despite the ongoing US government shutdown, many at the Treasury Department remain on the job working on guidance related to the July GOP tax law. Those at Treasury handling the international provisions used to be coworkers of Beth Bell, who became a principal at PwC's National Tax Service in Washington less than a month ago. On this week's episode of Talking Tax, Bell sat down with Bloomberg Tax senior reporter Chris Cioffi to discuss US efforts to secure agreements to allow the US tax system to coexist with the Pillar Two project, and what might prompt Republicans in Congress to reintroduce what came to be known as the "revenge tax" when the law was debated. Bell has deep experience with multilateral tax negotiations and worked as a staffer in both the House and Senate, playing a role in major tax legislation that passed in both the Biden and Trump administrations. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Evan Horowitz of Tufts University's Center for State Policy Analysis joins WBUR's Morning Edition to explain why the seemingly sleepy legislation is in the spotlight.

The One Big Beautiful Bill Act delivers long-awaited tax clarity for distributors — but only for those who know how to use it. In this sponsored MDM Amplify Podcast, Grant Thornton leaders explain the OB3's biggest implications, from bonus depreciation to new production deductions, and share how distributors can turn tax certainty into a strategic advantage.

This episode comes to you from the 2025 Farm Science Review at Ask the Expert, where Bruce sits down with Barry Ward, Leader, Production Business Management & Director, Income Tax Schools at The Ohio State University, to discuss his thoughts on Crop Inputs, Farmland Values/Rents, Tax Law – 2025 & Looking Ahead.

In this episode, I sit down with Sally Reddy, a tax controversy attorney. She shares her journey of starting her own law firm and the importance of building trust through referrals. Discover the importance of referrals in Sally's practice, particularly in the sensitive field of tax law, where trust is paramount. Hear her experiences, the challenges she faced, and the valuable insights she gained about creating a referable client experience that encourages referrals. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/382

In this episode of the Sunlight Tax Podcast, I'm diving into the One Big Beautiful Act, a major tax law that passed this summer. I found a great, nonpartisan article from the Brookings Institution and the Tax Policy Center, and with the authors' permission. It's called “When Tax Laws Defy Public Opinion: What OBBBA Reveals.” The piece lays out the short-term wins of this law, but also the long-term effects on things like healthcare and our social safety net. What really struck me is the gap between what people want and what lawmakers actually do, and how much wealth drives those decisions. For me, the big lesson is that we need to frame fiscal issues in ways that connect with the public, and ultimately, push for campaign finance reform to get legislation that reflects real public priorities. Also mentioned in this episode: 01:05 Introduction to the One Big Beautiful Bill Act 02:34 The Societal Impact of the Tax Bill 04:44 Public Opinion vs. Legislative Action 07:29 Disparities in Wealth and Policy Preferences 10:31 The Importance of Campaign Finance Reform   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Article: When Tax Laws Defy Public Opinion: What OBBBA Reveals Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

On the Trust the Plan Podcast from Peak Wealth, Nick Hopwood, CFP® and Jim Pilat, CFP® open the episode with a conversation about Michigan football before shifting into a discussion on a recent Wall Street Journal article about changes to tax laws. They explore how certain households, such as married couples with children or retirees, can end up in a zero percent federal tax situation through careful planning. The discussion covers strategies like managing income sources, using deductions, and timing withdrawals to take full advantage of the current tax code. — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Stay Connected With Us: Podbean: findingtruewealth.podbean.com YouTube: / @peakwealthmgmt Apple: rb.gy/1jqp6 (Trust the Plan Podcast) Facebook: Facebook.com/PeakWealthManagement Twitter: Twitter.com/nhopwood1 www.peakwm.com  

- Interview with Paymon on Tax Law (0:11) - Breaking News and Political Updates (2:24) - Middle East News and Energy Developments (6:28) - Energy Grants and Climate Change (9:13) - Pharmaceutical Industry and Healthcare (19:38) - AI and Health Freedom (28:59) - Interview with Paymon on Tax Law (48:50) - Gold and Silver Market (58:50) - Economic and Political Predictions (1:08:33) - Final Thoughts and Call to Action (1:18:04) - Critique of Institutions and Government (1:22:43) - Generational Shift and Social Media Influence (1:24:41) - Questioning Official Narratives and Systemic Corruption (1:27:14) - The Role of Money and the IRS (1:28:33) - The Future of Currency and Economic Systems (1:39:38) - The Role of Education and Self-Empowerment (1:43:40) - The Corruption of the Pharmaceutical Industry and Tax Systems (1:45:40) - The Potential Collapse of the US Dollar (1:48:11) - The Role of Entrepreneurs and Business Owners (1:48:27) - The Importance of Unity and Legal Action (1:50:14) For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

The majority of full-time servers and bartenders should see more money in their pockets due to the recently enacted US tax law, TipHaus’ Chief Operating Officer and co-founder Kirk Grogan tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Grogan sits down with BI’s senior restaurant and foodservice analyst Michael Halen to discuss how the legislation might affect employees, employers and service models. He also comments on so-called tipflation, fraud and the elimination of the tipped wage in Washington, DC.See omnystudio.com/listener for privacy information.

On today's episode of the podcast we're analyzing our Not AVG Law trademark data, the trademark process, and what it's like to file a trademark when you work with us. Not AVG Law started filing trademarks in early Spring 2023. I have a law school degree and a Master's in Tax Law, but when I started my business I was teaching myself additional areas of law that I hadn't taken courses on in law school because I started out focused on health law. Trademarks was not a specialty when I started my business so around 2019 I started referring clients to a trademark attorney I knew, only to find out she'd started ghosting clients and later had issues with her state's bar association for signing contracts, taking money and not completing the work. I started referring clients to another attorney was wonderful, but I decided I could and should do this on my own. I was leaving revenue on the table and a lot of our clients needed this. In 2023 I took a $3,000 program on trademarks, got coaching from an experienced trademark attorney, and I started taking on clients. A few months into that I came up with the idea of Trademark Quickies, a search report we run that gives us the info to say "This mark looks worth pursuing," or "This mark looks like it'd be very tough to file." Book your Trademark Quickie at notavglaw.com/trademarks The Quickie idea stemmed from the fact that I pay for a single day license of a sophisticated attorney software to run trademark search reports for clients and I wanted to offset the cost while also helping people be able to start their trademark search before they pay us for the entire filing service and then have us search. So I'd open the search once a month and fill it from the waitlist I had up on our site that people could add their name to at any time. Today, you can book them at any time without a waitlist. Since starting in 2023, I've booked 191 Trademark Quickie searches and run 280 (the discrepancy being a BOGO search promo and the searches that are included for our 1-on-1 monthly clients. The Trademark Quickie Search service has proven to be beneficial not just for clients, but at $100 it's a comfortable price point to get started on your trademark without being something that just sounds fun, they're buying from a place of interest in possibly filing a trademark. Trademark Quickies by the Numbers:Searches Booked: 191Quickie Search Revenue: $15,100 Trademark Filing Revenue generated: $103,760 The Trademark Filing Process: 1. Book a Trademark Quickie Search. You'll receive two reports - one with all the details from the software that pulls any trademarks that could be confusingly similar along with our report summary and determination with a green, yellow, orange or red flag on the likelihood of filing success. Of our 280 searches, 171 have gotten green flags, 87 have gotten yellow, 17 have gotten orange flags and 5 have gotten red flags meaning 92% of these trademarks have been worth pursuing. 2. Apply for a trademark. If your search resulted in anything other than red, you have the option to work with us to file your trademark, and we do offer a discount to our Quickie Searchers who book their filing within a week of their Quickie results. Of the 280 Quickie searches, we've booked 97 trademarks (a 35% conversion rate) 3. Wait. Once your trademark is filed it can an examiner from the USPTO 8-12 months to review your application. If they see any issues, they'll give an office action. We're still waiting on results for many of those 97 filings, but of the ones we've filed and heard on, we've only had 5 or 6 "denied" meaning the USPTO said there is a confusingly similar trademark and you can pursue an argument if you choose to. Of these 5, only one was a green flag (I was newer to offering this service), 3 yellow flags, and one orange flag. This gives us a 98% filing success rate on green flags and 91% on yellow flags which is where I want it to be so the flag system is working appropriately. Tracking this data has helped me give better filing odds to our clients.

Investment Advisor, JB Bryan shares ..... Tax Planning: A $40,000 Tax Break hidden inside the Trump July 4th Big Beautiful Bill. Check out the tax changes that can help EVERY tax payer. A look Inside the new Tax Laws for 2025. Plan NOW. AfroEconomics LIVE! #JBBRYAN Wednesday at Noon. Let's Talk.... To request a complimentary consultation call 1-844-JBBRYAN. Powered by JB Bryan Financial Group, Inc., A Registered Investment Advisory Firm - The Home of AfroEconomics. www.AfroEconomics.com www.JBBRYAN.com Email: jb@jbbryan.com

David Strulowitz shares his perspectives on emotions as a breadcrumb trail to understanding our inner selves. By recognizing and analyzing our feelings, we can gain valuable insights for both personal growth and business innovation. Join us as we discuss how self-awareness can enhance our decision-making and the potential pitfalls of judgment in our interactions.▬▬▬▬▬ Resources ▬▬▬▬▬David Strulowitz: ⁠⁠https://www.linkedin.com/in/david-strulowitz-a43aa2b/⁠⁠The Body Keeps The Score: ⁠⁠https://www.amazon.com/Body-Keeps-Score-Healing-Trauma/dp/0143127748⁠⁠Dark Side of the Light Chasers: ⁠⁠https://www.amazon.com/Dark-Side-Light-Chasers-Reclaiming/dp/0340819057⁠⁠Instagram: ⁠⁠https://www.instagram.com/cacklemedia/⁠⁠TikTok: ⁠⁠https://www.tiktok.com/@cacklemedia⁠⁠X: ⁠⁠https://x.com/CackleMediaLLC⁠⁠YouTube: ⁠⁠https://www.youtube.com/@CackleMedia⁠⁠LinkedIn: ⁠⁠https://www.linkedin.com/company/cacklemedia/⁠⁠Support the pod when signing up for Descript / SquadCast: ⁠⁠https://get.descript.com/transferableskill⁠⁠Sign up for our newsletter: ⁠⁠https://shorturl.at/WDrfT⁠⁠Want to be a guest on the show?: ⁠⁠https://shorturl.at/umZ2l⁠⁠▬▬▬▬▬ Timestamps ▬▬▬▬▬00:00 Understanding Your Feelings00:11 The Power of Self-Awareness00:32 Applying Emotional Insights01:02 Judgment and Its Implications

If Congress doesn't act, the 2025 tax sunset could bring higher income taxes, lower deductions, and a significant reduction in estate tax exemptions. In this episode, Tim Clairmont MSFS™, LACP™, Wealth Advisor, and Tyler Andrews CFP®, Wealth Advisor, break down the ripple effects this could have on high-income earners, retirees, and families with growing estates. They also share practical tools to prepare—like using life insurance in estate planning, reviewing your gifting strategies, and considering Roth conversions while today's tax rates are still in place.

If Congress doesn't act, the 2025 tax sunset could bring higher income taxes, lower deductions, and a significant reduction in estate tax exemptions. In this episode, Tim Clairmont MSFS™, LACP™, Wealth Advisor, and Tyler Andrews CFP®, Wealth Advisor, break down the ripple effects this could have on high-income earners, retirees, and families with growing estates. They also share practical tools to prepare—like using life insurance in estate planning, reviewing your gifting strategies, and considering Roth conversions while today's tax rates are still in place.

The whole world is trying to chase down the likes of Google, Microsoft and Meta for more income tax, and New Zealand is no exception Global tech firms generate enormous amounts of money, and have brilliant ways of hiding their profits from the taxman - but a new report suggests a simple gotchaGuests: Craig Elliffe - Professor of Tax Law, Auckland Law School; Director of the Master of Taxation Programme; Director of the New Zealand Centre for Tax LawNick Miller - Author of the report Big Tech Little Tax - Tax Minimisation in the Technology Sector for Tax Justice AotearoaLearn More: Read the Big Tech Little Tax reportFind The Detail on Newsroom or RNZ Go to this episode on rnz.co.nz for more details

This episode we're amped to talk about taxes. That's because new U.S. laws benefit both salon owners and stylists. Blake brings in Chris Wittitch, a CPA and partner at Boyum Acounting, to break it all down. They chat about the exciting new FICA tax tip credit now available to the beauty industry and what salon owners need to know to take full advantage of it. They also touch on the new tax-free tips for service providers and discuss the impact of digital tipping platforms like Venmo and PayPal. Tune in to get all the insights straight from an expert and make sure you're maximizing these new tax benefits!MORE RESOURCESComplete guide to tax reporting for salonsNo Tax on Tips guide for salon employeesFind more guides and learn how your salon company can work with Chris Wittitch at salon.cpa00:00 Introduction00:33 Meet the expert: Chris Whittich, Summit's right-hand accountant01:10 Understanding the FICA tip credit04:41 Salon owners: Maximizing the FICA tip Credit13:58 Tax-Free Tips: What service-providers need to know24:22 Impact of digital tipping and 1099-K reporting28:38 Conclusion and what happiness means to Chris Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry.

The One Big Beautiful Bill Act (OBBBA) is reshaping the tax landscape for real estate and, if you're a sponsor, developer, or investor, it's changing how you may approach deals. The biggest headlines: 100% bonus depreciation is back and permanent, unlocking year-one deductions and making cost segregation essential again; interest deductibility is easier, reducing the need for elections that previously limited depreciation; and the Opportunity Zone program is now permanent, with a map refresh in 2027 and new perks for rural areas. In this episode, Matt Peurach joins James O'Brien and Eric Greenberg to discuss how OBBBA is transforming the way real estate capital stacks are built and what sponsors should do in terms of re-underwriting current and pipeline projects, revisiting shelved deals, and preparing for the upcoming OZ redesign. Read the full transcript of this episode here: https://www.seyfarth.com/dir_docs/podcast_transcripts/ThePropertyLinePodcast_TheBigBeautifulBillUnlockedTurningTaxLawintoEnhancedRealEstateDealFlow.pdf

Send us a textThe big, beautiful tax bill brings welcome news for taxpayers with lower tax brackets being preserved, an increased standard deduction, and a higher child tax credit of $2,500 per child. Seniors will especially benefit from an additional $6,000 deduction per person regardless of whether they itemize or take the standard deduction.• Lower tax brackets from the Tax Cut and Jobs Act will remain in place• Standard deduction stays at $15,750 for single filers and $31,500 for married couples• Child tax credit increased from $2,000 to $2,500 per child through 2028• Seniors get an extra $6,000 deduction per person ($12,000 for married couples)• Tips now excluded from income tax up to $25,000 annually• Overtime is taxed only at your regular hourly rate, not at the higher overtime rate• Auto loan interest deductible up to $10,000 for vehicles finished in the USA• SALT deduction cap increased from $10,000 to $40,000 through 2029• 100% bonus depreciation returns starting January 19, 2025, through 2028• 1099 reporting threshold increased from $600 to $2,000 beginning in 2026• Income limitations apply to many benefits: $150K for singles, $300K for married couplesIf you found this helpful, please share it with a friend.Support the showCreate 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

In this video, I show you the obscene legal tricks and gimmicks the government employs in the Tax Code to keep the American people from learning the truth, that the income tax doesn't apply to them. It is a nefarious scheme to deceive an entire nation. See for yourself! My books are available at https://drreality.news/store/ To get FREE SHIPPING on any order containing "Income Tax: Shattering The Myths”, use coupon code 'tariffs' at checkout.   TD 8734 - https://www.irs.gov/pub/irs-irbs/irb97-44.pdf TD 8881 - https://www.irs.gov/pub/irs-regs/td8881.pdf

When Congress passed the One Big Beautiful Bill in July 2025, the Federal legislation brought significant changes for business and individual taxpayers.On this week's Mind Your Business, we continue our examination of the bill and it's impact on tax law for business and individual filers, highlighting key changes that will resonate with High Country businesses and their employees. We are joined by Ralph Polk, CPA and Senior Manager with DMJPS, PLLC, who will break down the legislation and provide insight on topics like depreciation, research & development expenses, and 1099 reporting for businesses. He'll also explain the final legislative language related to major campaign talking points like no tax on tips, while also highlighting changes to charitable contribution allowances for certain individual taxpayers.Mind Your Business is written and produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible thanks to the sponsorship support of Appalachian Commercial Real Estate.Catch the show each Thursday afternoon at 5PM on WATA (1450AM & 96.5FM) in Boone.Support the show

In this episode, I dive into the new tax law called the One Big Beautiful Bill Act, focusing on two major updates: the car loan interest deduction and the expiring energy tax credits. I explain why understanding these new tax rules matters, especially if you're considering a clean vehicle tax credit or planning energy efficiency improvements for your home.   With key deadlines approaching, I want to give you clear, actionable insights so you can maximize your tax benefits and make the most of these opportunities before they expire.   Also mentioned in today's episode: 01:00 Overview of the One Big Beautiful Bill Act 03:37 New Car Loan Interest Deduction 13:04 Expiring Energy Credits and Deadlines   Takeaways The new tax law is called the One Big Beautiful Bill Act. There are new deductions for car loan interest starting in 2025. Tax credits for clean vehicles are expiring soon. The deadline for clean vehicle tax credits is September 30th. The car loan interest deduction is only applicable to new cars. You must have the VIN number to claim the car loan deduction. Energy efficiency improvement credits are also expiring soon. The residential clean energy credit is set to expire in 2025. Commercial vehicle tax credits are available for businesses.   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: VIN decoder Check out my program, Money Bootcamp Link to pre-order my book,  Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions  

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

This episode is a masterclass in courage, reinvention, and disruption—featuring former DOJ litigator turned thought leader, Stuart Gibson.

See omnystudio.com/listener for privacy information.