38 Burst results for "Irs"

Fresh update on "irs" discussed on 5 Things

5 Things

00:41 min | 12 hrs ago

Fresh update on "irs" discussed on 5 Things

"One dose tax season is in full swing with the stress of taxes. You might be tempted to rush through your returns but be careful not to make sloppy mistakes if you do. You could miss out on a larger refund. Oh more in taxes or even face. irs audit as markets and personal finance reporter justice. Menton explains some of the most common errors filers may range from missing tax break providing the wrong bank account information not updating the name change or having an incorrect address or even accruing penalties for failing to file on time so filers need to also be wary of scrupulous individuals who may offer to prepare their taxes but could still important personal information from them and also tax credits. Eight exemptions are available particularly for those who were financially affected by the pandemic this stimulus package into actually created a special tax break for obtaining the earned income tax credit and that's a refundable credit for low to moderate income individuals working and also couples particularly those with children's who people want to be sure that the end up not missing out on those types of credit especially if they've been financially during the pandemic. If you're expecting a refund in your personal information doesn't match it could take a minimum of four to six weeks for the irs notifying via mail that you need to respond incorrect your mistake and it could take weeks or even months to correct the errors so those are really important things that people need to keep in mind when they're filing returns this taxi. Then you can read jessica's full story by searching nine costly tax mistakes on usa today dot com. Don't.

Do You Know Who's Listening to Your Podcast?

Sounds Profitable

04:51 min | 6 d ago

Do You Know Who's Listening to Your Podcast?

"Hello everybody welcome. Tucson's profitable podcasts. We have james cridland. Johnny here james. A pod news and is honestly probably the only reason you know about sounds profitable sir james. Thank you so much for being here with us. It's a great player is a great pleasure to be talking twice on your podcast. Because i think i think everybody is just heard. My dulcet tones already. That's true that we have the awesome syndication that comes right before all of this and maybe we can time it so you do a passback between each other. We do that right for next week. But this week we're gonna talk about an article. Wrote back in september with your help entitled you're incorrectly identifying up to fifty percent of your user agents and the focus here was that you discovered that people weren't paying attention to another type of region not just the requests when someone presses play on their podcast app and it sends an asked for the episode but rather the request of the rss feed itself. That can tell us a lot about the device. So i'm gonna pass over to you. Tell us a little bit about the process user agent and how you stumbled onto its value. Yes so to rewind a little bit whenever something connects to something else on the internet sends over header which is a user agent which basically says you know. I'm a computer or a mobile phone but tells you a little bit more about that. So that's a really helpful thing in terms of podcasts to target because you know that Particular listeners listening on android phone or an iphone or whatever it might bay and those sent through on the download to audio and so that's typically what podcast hosts us to show you how people are listening and is typically what people use as well to target but there is another connection of course in the connection is to your rss feed which is a big list of your individual episodes that you have and that also has a user agent attached to it. So one of the problems that i saw when i was starting to do my own podcast stats was that I was seeing an awful lot of connections from a user agent. Called apple corps media. An apple co-mediator is an interesting thing in that it is a library. That apple have written that lots of Podcast apps us to play your podcasts. It's not just used by apple. Podcasts used by loads of other people as well yet. When i was looking at the data all i could see is apple corps media and i couldn't work out whether that was apple podcasts whether that was pocket costs whether that was overcast. Whatever it might be so. I was really curious to see well. Is there any other way. That i can find out exactly what podcast host is actually having a look at this and rss user agents all the way round there. Yeah and so you got rca in her went. When the request came you started a pending a unique value to all the episode downloads based on that. Rss user agent right. Yeah that's exactly how it works. You ask for the pod news. Rss feed it. Takes a look at what the user agent as of that particular. Rss connection and then adds it to the audio request. So it might say from feta or from spotify or from castro or from various other things so you net then no as a podcast hosting company you then know that that piece of audio the reason why that piece of audio is being requested. Is that the rss feed was discovered by that particular app by castro all apple podcasts. Or whatever it might be and so you know whatever the audio user agent is you know that this is castro talking to you all podcast addict or whatever it might be so you end up with far less unknowns in terms of your podcast play information and that say tremendously useful things. I'm taking a look at yesterday's data and yesterday's data is showing me that two hundred and ninety six individual plays that i had yesterday. Were done through apple corps media. And if i hadn't looked at the irs data. As well. i'd be they're going. I literally don't know anything about that apart. From the fact that it's clearly being played on an apple device of some sold literally. Don't know which app is actually playing that so now that i'm able to also connect the rss user agents. It means that. I know all of those and then odal apple podcasts. A wide variety of people that use apple media

Apple James Cridland Sir James Tucson Johnny Castro James RCA IRS
Fresh update on "irs" discussed on Rob Has a Podcast

Rob Has a Podcast

01:18 min | 14 hrs ago

Fresh update on "irs" discussed on Rob Has a Podcast

"What's going on i will. We'll from america dot com and you can go ahead and you can check out will and and his dog in a cornfield. Who that's very spooky. I mean. I sat on the spookiest guys. Talking about the spookiest survivor season. Yes really rough day. Though it was it was halloween. My dog just read really didn't understand the rules of a cornfield like you're not supposed to cut through the corn but he just wanted to like go straight. You gotta play by the rules. I guess my dog will be no caller dawson philosophers flavors okay. What kind of dog is he. He's like a mix of everything. We thought he was a border collie growing up. But he's actually like twenty five percent. Cocker spaniel fifty percent shetland sheepdog. It's just like a whole soup pot. all right. good looking dog fluff irs there. You go all right. Chicken will from america dot com and on social at wolfram. America certified ten out of ten twitter. Handle buying i very credible sources. Yeah all right great job all right well thank you so much of course If you're checking this out in like oh. This was fun all right. We do this every week. We're going to do our patron feedback. Show a when. I watch my tenth season of this week will be twenty five percent of the way there after this.

Twitter Fifty Percent TEN Twenty Five Percent Tenth Season This Week Halloween America Dot Com Wolfram America Social
US Personal Income Increased 10% In January, Consumer Spending Up 2.4%

The Breakdown with NLW

01:25 min | Last week

US Personal Income Increased 10% In January, Consumer Spending Up 2.4%

"The us household income grew ten percent in january alongside. This consumer spending rose two point four percent. This growth came primarily from the latest round of stimulus and was in fact the second largest monthly income growth on record after last april when the initial pandemic payments were sent out. This was also the first month since october. That consumer spending rose. Interestingly the thing to really pay attention to around this is in fact the bond markets. We're going to discuss them a little bit more in our main topic but effectively. What we're seeing right now is a situation where investors think that regardless of what jerome powell and the fed says an improving economy will force them to back off the aggressive monetary policy that has helped asset prices remained so high in response. They're backing off of high priced. Stocks and pushing treasury yields higher. Some are calling this the taper 'less tantrum and this refers to a twenty thirteen market episode. Where the fed tried to taper post. Gfc policies and markets absolutely freaked the. Hell out the fed. This time is saying that it's actually not going to do any such tapering. But the market is still freaking out believing they won't be to not hence the taper lewis tantrum anyway todd of stats around income and consumer spending are exactly the sort of evidence. Those tapes tantrum irs are pointing to

Jerome Powell FED United States
Fresh update on "irs" discussed on Newt's World

Newt's World

00:41 min | 20 hrs ago

Fresh update on "irs" discussed on Newt's World

"Certain tax position. This is an effort to bring out into the open. All the money is being spent in these various organizations. And of course part of it will do is it will stop people from donating because they'll be afraid of the gunman who betrayed that if the irs knows that. I've donated against president by that. I may will punished. I may have my business. You know suddenly discover that you have the audited every single year and we know under.

Every Single Year
Text messages promising $1,400 daily stimulus checks are actually scams, IRS warns

Afternoon News with Tom Glasgow and Elisa Jaffe

00:55 sec | Last week

Text messages promising $1,400 daily stimulus checks are actually scams, IRS warns

"For people who have lost their jobs in their security to Corona virus. The text message is a god sent there now eligible for $1400 daily, through covered relief program. You have been Smith, the text contains a link to instructions on how to get your money. But kneeled US wanting of Stanford University's Advanced Security certification program says that merely clicking on the link could expose the recipients. Personal financial data relief will arrive in the form of a check in the mail. Or a direct deposit to the bank account that you've used in the past with the I R s far from receiving a stimulus payment. The victim stands to lose everything from his or her bank account. Federal Trade Commission has received over 350,000 reports of such scams resulting in total fraud losses north of 336 million has realized that as him as might appear, take a screenshot of it, Send it to the I. R s and then delete the message with Tech trends. Jim Ryan ABC News At the Kamo news time Now for 14. Other update on

Advanced Security Certificatio Stanford University Smith Federal Trade Commission Jim Ryan Abc News
The Supreme Court says Donald Trump Must Provide His Tax Returns

Monocle 24: The Briefing

06:49 min | Last week

The Supreme Court says Donald Trump Must Provide His Tax Returns

"We're going to start today's program heading to the united states now where the supreme court has ordered donald trump to hand over his tax returns and other financial records. Trump's been resisting attempts to do so for several years. Of course well. Let's get the latest now on this. With suzanne lynch washington correspondent at the irish times Good morning to you. Suzanne good from here in london up. Bring us up to speed with the latest. What do we know. The supreme court issued a very short very significant ruling yesterday and which basically ended donald trump's attempts to shield his financial records and he is being in a battle to stop prosecutor in manhattan from getting access to his tax returns and other financial records is the second time surpreme course weighed in on this. The first time is over the issue of whether sitting president at could be shielded because road as president. But this time. Ed supreme court put it outside this decisive ad. Fees for mr trump effect. Now looks at like very much. So at these records now would have turned over to investigators new york and Mr trump's accountants perhaps bankers to will have to hand over documents related to his financial affairs and give us a sense. We obviously we had a little clip from trump at the top of the show. Easy talks about you. Know the the greatest witch hunt in history continuing Can can he fend this off in the same way. Actually he dealt with some of the bulbs that were involved in the impeachment hearings or does the fact that i guess we're looking at a judicial action potential criminal irregularities. Does that change the way that he needs to sort of Defend the charges almost. Yes i know. Yeah designed so far is up. No because yesterday he had a very very strong statement ad calling this a political persecution and calling it a fishing expedition and directly criticizing at the supreme court and and people remember. He himself pointed three of the members of the supreme court book directly criticizing the court and of course the federal prosecutors in new york Have don has kind of fallen out with new york. He moved out of the city and the dolphin clashed with officials in that city. He's obviously quite unpopular in his home town of york city on. It's the attorney general there. Sarah advanced who's reedy at take upon himself to pursue at trump for these for these charges. Say i mean we could be looking at a criminal. Trial of a former. Us president if this is to continue and is a both would way of looking at this as parts of the reason. Perhaps trump is saying. It's part of this long term witch hunt in that in congress people remember before his first impeachment and ahead of us because a lot of oversight into donald trump's at russia connections and then there was an inquiry into hush money he paid add to the adult film star stormy down one hundred thirty thousand dollars and this began this pursuit then by the new york attorney general he then decided to this payment and say what was that saying about campaign finance laws about highly payment of one hundred thirty two thousand dollars that was actually made by mike cohen. His lawyer but then he said trump in bach and this if you like your unraveled with thread of inquiry into donald trump's taxes now this is where we are am so what are the significance is about. Oh that was. Yesterday's rooting is not not only. Will they get access to his tax records but also the business and financial very detailed information that accountants bankers will have on which your tax records are based If you like. So that's going to be probably even more info important than actually getting access to his tax records. Which as you know the new york times already seem to seem quite a bit about whether we don't know how much actual detailed information they have aspect to this that i find absolutely fascinating is of course the the conflicting interests of politicians be they Members of the of the gop from the democratic movement in terms of their interests or not in trump continuing to be to be in the spotlight because there were suggestions even obviously during the impeachment proceedings clearly suited some of in the republican movement for that to just be dealt with swiftly as possible. There were also suggestions though that even for the democrats. It was kind of better that that was just dealt with. It was finished even if he wasn't convicted. Does that does that delicate balance shift. Now i is there a sense of one either side of the political spectrum if you like that actually we just don't want trump in the in the spotlight anymore. I'm actually if he can play this narrative the witch hunt that he's he's got a soapbox day people coming to him to hear from him. Is it more damaging could it be more damaging to proceed ings. Go ahead it's very possible. I mean it is very possible because as you say. Donald trump has been an easy foil for democrats over the last four years a now if he feels i think a lot of his supporters argue to sympathize with him and say that this investigation is politically motivated. Donald trump brand and it's always been problematic has been around his his business and is you his his. He sees the success of a business person and other people in these tax records seems to show that he welcomed successful as he implied. But i think would be certain that might precipitate for him from a lot of his supporters because he has said before. You know i've always just legally paid whatever talks you know. He was implying that. If i was able to game the system but you know panic attacks possible within the law with every right to do that and a lot of people would agree with on bash. So the problem is we don't actually know what is in the detail something more nefarious as there and the irs. At the criminal justice system does not look likely on talks offenses and that if he is facing criminal prosecution for this he could be in serious trouble but this was always an issue for him. I mean he didn't. He didn't disclose his tax returns around for present at most people in this country high of the fact that they do need to do that. And they're highly aware of a of their financial at connections. Even though there's a sold so much money in politics in this country in and brian politicians they do you know the important of disclosure so a lot of people may think this is catching up with him. He's a long histories of businessmen york. He's very unpopular among business. People in your because he bragged before by not paying etc and a lot of people find. This is his chickens come home to roost and yes. He had those four years in the white house. But for most it's life you the businessmen. There have every right to investigation for that date. Well i'm sure we'll show speak on this but more future. Suzanne very good to get the latest from

Donald Trump Supreme Court Suzanne Lynch Washington Ed Supreme Court Mr Trump New York Mike Cohen Irish Times Suzanne Manhattan United States London DON York City Sarah Russia
IRS Postpones April 15 Tax Deadline for Texas

This Morning with Gordon Deal

00:21 sec | Last week

IRS Postpones April 15 Tax Deadline for Texas

"Deadlines for Texans. The movies in support of Texas taxpayers affected by last week's Winter Storm. The filing deadline for Texans is now June 15th. The new deadline is also applicable for quarterly payroll and excise tax due April 30th and tax exempt organizations 2020 annual tax return. Normally do. May 17th I'm charity McCurdy from the W

Texans Winter Storm Texas Mccurdy
A Complicated Tax Season is Coming

Business Wars Daily

03:59 min | 2 weeks ago

A Complicated Tax Season is Coming

"From wondering. I'm david brown in this business. Wars daily on this friday february nineteenth. Happy friday everyone. I think ben. Franklin put it simply enough. Nothing is certain in this world exempt death and taxes so yes even in the midst of a global pandemic after a year that was completely upside down. Tax season is upon us and boy. Is it going to be complicated this year. That's because of the covid. Nineteen pandemic of course and all the changes to the tax code that came with it. Think unemployment insurance. Ppp loans for a one k. Withdrawals stimulus checks recovery rebate credits. Pretty head-spinning isn't it. If there's one year to switch from filing your taxes to enlisting help well this just might be the year to do so at least. That's what tax assistance companies like turbotax h. and r. block. Want you to think the first day you can file and get a refund. This year has been pushed back around two weeks to let the irs get itself sorted but the delay hasn't stopped both turbo. Tax donation are blocked from getting out in front of potentially tax wary customers. Perhaps you saw quirky earworm filled ads for both companies during the super bowl around forty million people filed taxes on turbo tax which is owned by into it in two thousand nineteen far more than any other tax preparation product according to propublica the company. Let you file for free if your income is under a certain threshold and if you only need to file simple returns without claiming any deductions or credits. But this year a situation that simple is unlikely which means turbo tax could make a pretty penny they also charge more for folks who are self employed and for filing state returns in multiple states. Who would file multiple state returns. You ask well people who work remotely and don't live in. The same state is their employer and offices shut down early last year. A lot of people made the move to do just that which could cause some serious tax headaches. Turbo tax will help you through those at cost of course meanwhile h. and r. block had about half the number of turbo tax users and twenty nineteen. But it's also a bit less expensive filers using h. and r. block have the option of dropping off paperwork at actual brick and mortar offices. Sounds wild right now. Turbo tax in hr blocker just to the big dogs in tax preparation. But there are hundreds of locations across the us where qualifying individuals can get help filing taxes for free in any other year. If you make less than a certain threshold if you have a disability if you're over a certain age if you are learning english if you're currently experiencing homelessness you can sit down with an irs certified volunteer. Who'd help you prepare your taxes. But this year well kovic has changed that of course in person volunteer programs have largely moved online. And that's a barrier for folks who can't access technology leaders of these free federal programs fear that millions of americans could miss out on free tax help according to cnbc. Now there's one thing that could fix the headaches that usually come with taxes every year and help more americans keep more money in their pockets. And that's the us government choosing to make filing tax returns simple and free for most citizens. The government has the power to do this but according to a twenty nineteen investigation from propublica Certain company is making sure attempts to make free. Filing widely accessible are thwarted. What company would that be. You ask we'll that would be in to it. We jones turbo tax

David Brown IRS Franklin Propublica BEN Headaches Kovic Cnbc United States Propublica Certain Company Us Government Jones
IRS says all stimulus payments have been distributed

710 WOR Programming

00:18 sec | 2 weeks ago

IRS says all stimulus payments have been distributed

"Arrest says all legally permitted stimulus payments have been sent out. Those who are eligible but didn't receive a check or didn't get the full amount will need to claim another tax return. The IRS says it sent out more than 160 million checks for the first round of payments and during the 2nd 147

IRS
Robocalls back on the rise

Talking Tech

03:24 min | 2 weeks ago

Robocalls back on the rise

"In january alone there were more than four billion robo calls targeting in the us tarring phones across the us. So that's a one hundred and twenty nine point five million every single day. That's an increase of three point. Seven percent over the month of december. According to you mail which is a company that provides anti-rebel call services. So we're talking about robocalls now because we're getting in the numbers from last year and everything and we're seeing that even though rebel calls were down slightly in two thousand twenty. They're still higher than they were three years ago. And what's happened is during the pandemic some robo call centers had to shut down because they didn't want her sick evidently With guess smart but they appear to be opening up. And that's why the calls you're on the rise again now. Unfortunately this robocall barrage has led me to just not want to answer the damn phone. You know about ninety. Four percent of unknown calls go unanswered. That's what higher found in. Its survey a recent survey of two thousand consumers and three hundred business professionals now. That's not good if we're not going to answer the phone that's not good for legitimate businesses. Because they just have to keep calling you know about a doctor's appointment or car servicing or whatever so anyway that so there's some weird repercussions happening with all the with the robocall situation. Speaking of the kind of scam calls you get You talked about the car. Warranty the car warranty is really is up there in the most likely scam calls. You got in twenty twenty. It's number two behind social security calls. Then there's auto warranties in credit cards bluefin then health insurance in student loan forgiveness and then calls about it's their the irs which of course they're not They're also were timely. Because of the pandemic and the and the governmental programs with that there were calls about unemployment covid nineteen and stimulus checks now. The good news is that agencies like the fcc in the tc of crackdown on big rebel. Callers and new technologies are to be implemented by call providers By june of this year. But in the meantime you know if you want to try to cut down on some of these robocalls your wireless provider has protection. You just go into your phone and figured out or go onto the website and and see pretty much. Everyone has some protection. I have verizon. And i have a call blocker and since my wife is susceptible to these kind of calls. I paid more for. Call the call filter plus services for her also online the companies. I mentioned haya. Hi and you mail both have mobile apps you can use. And they'll be links to those in story Dot usa today commented rebel calls anyway. Unfortunately you know. In the future rebel collars scammers are always going to try to pivot but maybe those apps and better technical will make us less afraid of our phones. Yeah the one thing i worry about more is the spam text. You know i. It's not as it doesn't seem as prevalent as the robo calls for myself personally. But i have noticed more now that we're getting texts spam tech's now and i start to worry that's going to be the next frontier. Where if these scammers start to get wise about people that answering their phone her robocalls getting crackdown on more aggressively than we're just gonna start getting them in text form a lot more often. Probably likely. I know i've gotten i. Don't get a lot of those. A lot. More phone calls than tex. But i do get things that look like what i assumes can be a scam and i ignore it too so yeah think you're

United States IRS FCC Haya Verizon
People are being taxed for fraudulent unemployment benefits

Clark Howard Show

03:01 min | 3 weeks ago

People are being taxed for fraudulent unemployment benefits

"Like a bolt. Out of the blue you get a obscure. Federal tax form called a ten ninety nine g. g is in government. And it's from your state saying you received unemployment insurance which is just fine if you did get unemployment insurance having been unemployed sometime in twenty twenty and so you report that as essentially income on your federal tax return and you pay taxes on the unemployment benefits. He received fine so far. Except there was such chaos was state labor department's that unfortunately a lot of people received unemployment pretending be you bay would file using identity theft tactics pretending to be someone who may have stayed employed all through the corona virus employment problems and they received that money direct deposited into one of their counts pretending to be you again. And then you get the tax bill. The irs is said not our problem. You go work it out with the state so crazy as it. Is you now have to contact. If you get one of these because otherwise you'll be paying tax on phantom income money you never got somebody got pretending to be you. You have to contact those way. Overtaxed looked state unemployment offices probably have to fill out some state forms. Saying i didn't get unemployment wasn't me probably have to sign an affidavit which means if your y you can go to prison and then they issue hopefully in a timely manner corrected ten ninety nine g they send to the irs and a copy to you showing zero dollars received of unemployment benefits. The irs does not want you to say to them. Hey i didn't get this. They're going to tax you on it until and unless you get it corrected with your state you're gonna have to be persistent. You might need the help of your state legislator who can try to do what's known news constituent service to get this fix for you with your state labor department.

IRS
Giving to Create a Legacy

Wealth Is In The Details Podcast

07:03 min | 3 weeks ago

Giving to Create a Legacy

"When we talk about legacy planning. We're talking about you. Typically for our clients that are independent. they're financially independent. Maybe reach the financial transcendent stage. They're talking about giving the talking about making significant gifts to family or to charity. And that's what i mean by legacy doing something to provide for others. that goes well beyond beyond our lifetime. Okay so if i am making a gift some to someone My child or in my case You know i've got a couple of grandkids. Now and i wanna give a gift to grandchild. Is that taxable to the person receiving the gift in other words. Am i going to be setting my grandchild up to have to pay taxes and not necessarily know just like if you give them a birthday present their taxed on that that gift and if you're giving them significant let's they're not necessarily taxed on that on that gift so that's a simple answer. Okay all right. Well i i know that if uncle sam head his way he might wanna show up at birthday parties and start taxing gasoline difficulty. Just just saying the attitude. He's got right now anyway. What about the person making the gift. I is there any ramifications for me if i'm if i'm gonna give a large gift like that that that's where this guy gets a little complex so possibly if the gift is large enough and i and i just want to briefly give some some basic tax concepts and some rules around that not to more people but tax planning is part of financial so we need to talk about it. The basics earned income meaning wages taxable as regular income and so his income from investments like dividends and interest. I think most of our listeners know that. And if you sell an asset that you've owned for longer than twelve months for for a gain you you've realized a long term capital gain and that gain is taxed at capital gains rates which can be lower than tax rates on on regular income. That's just the basics for larger estates and here. I'm talking about very large estates currently in excess of a million. I'm sorry eleven million. Five hundred and eighty thousand dollars for an individual and twenty three million one hundred and sixty thousand for a married couple for states in gifts in excess of that amount of the federal government is going to taxed tax the giver at forty percent well for large estates. The tax could be very significant in here. I think this is really a transfer tax not necessarily tax only a death because you're making very very large gifts that exceeds those limits. Eleven eleven million five hundred and twenty three million one hundred sixty thousand. Those are also taxed to the to the person giving not to the receiver of those assets and then another. There's another level of tax at least in seventeen states plus the district of columbia. They're going to also levy a transfer tax estate tax for example in massachusetts we haven't attacked exemption of a million dollars per person and thereafter estates are taxed at point eight percent all the way up to point all the way up to sixteen percent. Taxes can be part of the conversation and and the and the planning so back to gifting. The federal tax law says an individual can gift fifteen thousand dollars to an individual per year. You can give to your grandchild. Fifteen thousand dollars in your wife can give to your grandchild thousand dollars oak. We call this. The annual exclusion anything in excess of fifteen thousand dollars is counted against your federal lifetime. Exemption which is it which we just described that eleven million five hundred and eight thousand dollars and that so it's counted against your lifetime exemption and attacks form that discloses that gift is required if it's if it's a gift of fifteen thousand dollars or less there's no tax form if there's a gift in excess of fifteen thousand dollars per person per year calendar year then there's a form that needs to be sent to the irs. That doesn't necessarily attacks do you. And your wife give gift your daughter. Thirty thousand dollars in a calendar year. No tax forms required. But if you give her forty thousand dollars you'll need to file a gift tax form disclosing a ten thousand dollar taxable gift. Now your lifetime. Exemption is reduced by ten thousand dollars. There's no tax do over. But now you've your lifetime transfer exemption amount is is a little bit less okay a little bit more detail than you might want but it's an important nation. Yeah that's perfect. Because i think that's a huge in planning for people that can afford it. Peter i'll be honest. I'm not in this category yet right. i'm not gonna. i'm not worried about going over that thirty thousand dollars a year gift. My children or my grandchildren but there are a lot of people out there that are right and they need to know this information. They need to know that can give them an annual basis. They just need to subtracted from the total mountain and play by the rules. Because you know you don't want to get yourself in trouble for sure. I think it's important. I also just from a tax law perspective. We don't we don't know what tax laws will be in the future cert. There's certainly not static in there definitely subject to change so under under the current law the lifetime exemption amount is scheduled to reduce back to the two thousand and seventeen exemption of five million dollars per person. And that's adjusted for inflation and that starts in twenty twenty six so under current law that that lifetime exemption amount goes is reduced from almost twelve million dollars down to almost six million dollars with y when you consider inflation. What happens to those people that have already. You don't reach that that mark. Maybe they've given away eleven million and then it goes back to five million per person are they are the grandfathered in i'm using air quotes there. The grandfather dinners. They're going to be any issue with that. Oh you ask a great question. And the the irs. They have determined that. There's not going to be a clawback. So yes they can make the gift now. It will always be exempt said. It's good so again. There's there's much needed information for those people that are in this situation. There's a time limit right. I mean there's there's kind of a ticking clock on on getting those gifts to somebody before it sunsets back to a much lesser amount. So the great information

SAM Federal Government Massachusetts Columbia IRS Peter
Taxing time: How the pandemic will affect filing your taxes

AP News Radio

00:58 sec | 3 weeks ago

Taxing time: How the pandemic will affect filing your taxes

"Tax filing season will look a bit different this year with the corona virus pandemic showing up here too there are several things tax filers should be aware of starting with the good news on those code relief checks you will not be taxed on the money that you've got on that but Associated Press personal finance reporter Sarah Skidmore sell advises anyone who collected unemployment benefits in twenty twenty to remember those are taxable they really face penalties and fines for failing to claim that income and if you were able to work from home last year don't get carried away with trying to write things off the home office deduction is really tricky because an employee of a company can claim it you can claim if you are self employed or a business owner but it has to be very truly dedicated space it has to be used solely for work and nothing else so your kitchen table or you also can eat dinner or your bedroom we also happen to sleep those do not count the IRS will begin accepting tax returns on February twelfth I'm Ben Thomas

Sarah Skidmore Associated Press IRS Ben Thomas
Florida man charged with COVID relief fraud

AP News Radio

00:46 sec | 3 weeks ago

Florida man charged with COVID relief fraud

"Hi Mike Crossey a reporting a Florida man is charged with cold food relief fraud a Florida man has been indicted by a federal grand jury up to fraud in the paycheck protection program of more than seven million dollars federal prosecutors allege forty five year old don sister Nina received more than seven point two million dollars in corona virus relief funds by concocting hundreds of non existent employees on loan applications prosecutors say sister Dino claimed that is New York business had four hundred forty one employees but the company's only employees may have been sister Nino and his girlfriend and no wages were reported to the IRS in twenty nineteen sister Tina was charged with two counts of wire fraud three counts of aggravated identity theft and three counts of illegal monetary transactions hi Mike Rossio

Mike Crossey Florida Nina Corona Dino Nino New York IRS Tina Mike Rossio
Experience Traveling By Train

Travel with Rick Steves

04:39 min | Last month

Experience Traveling By Train

"Start today's travel. With rick steves. With other. Eric wanner he recommends seeing the usa from a long distance train. Ride on amtrak. Our interview with eric was recorded just before the covid shutdowns kicked in when we travel. It's fun to see the world from a different perspective eric. Winer believes travel by train offers a rare combination of expansiveness and coziness. He spent a lot of time travelling by train while reading the work of great philosophers and for him. It goes together beautifully. He writes about that in his latest book. The socrates express eric. Thanks for joining us. Happy to be here so you actually took the train from washington dc to portland that sixty four hours. You could have flown in about five hours. There's just nothing rational about that. No it makes no sense. It makes no sense from a time point of view. Obviously it makes no sense from a financial point of view It really doesn't make sense from a mental health point of view. Either but i loved it. What can i say. I love every every minute of every hour of you know. It wasn't always. It's not the most glamorous way to travel but this just something to something awfully compelling about you made a very good case of that first of all you talked about the people you should the platform with. I mean okay. You're standing on the platform with surrounded by twenty or thirty people waiting to get onto that Train who are they okay. I'm going to do this quickly. Therefore determined therefore categories of long distance amtrak travelers. Okay number. One is retired people with lots of time on their hands. Number two is people who are afraid of flying. These are my compatriots to They take the train a number three or foam irs a fomer is a real enthusiasts. Who gets very excited about. Locomotives and other things like that means. They're so excited. They foam at the mouth. That's the idea okay You care to take a guess with the fourth category. As you'll never guess mennonites mennonites lots of minute nights a matter night. You mean like Lou dates are people that don't want modern. Well they apparently they They can fly but they can travel by train long distances. So these are the four categories and then there was me and i don't fit any of those categories. I was a category into myself for your kind of the opposite. Because you mentioned you have criminal phobia which is A fear of lack of time. And and you do just the opposite. It's that some kind of therapy. It was it was sort of this. What are you desensitize yourself to it. Well i always feel that your time is valuable. And i need to be making the best use of it and when you're on the train for some sixty plus hours you're just you're forced to slow down. I mean you're either go crazy or you slow down. Those two choices and i decided to slow down. The train is going to get the portland at its own pace. And there's nothing you can do about it. It will stop occasionally for an hour to for no apparent reason whatsoever and then start up again for no apparent reason and i would ask my fellow passengers if we stopped and they've just laugh at me like We got a new one. We gotta a rookie. Here in amtrak stan. You do not ask why. He thinks he's human. Beings are more important than freight right. We do we. We wait for free trains. Because amtrak does not own most of the tracks across the country the free traits everytime i go to portland derek from seattle and the train. I think i'm doing something nice for the environment. And so on. Or it's just kind of a cool thing to do and it's frustrating. Because i have chronic phobia also and i don't know beiber waiting here and somebody reminded me freight trains get priority over humans in the united states. That's not the case in europe but in the united states. That's the case but for those of us who like you and me have a fear of lack of time where where we schedule things. Its pedal to the metal. It's interesting how a long trip on a train you mentioned. It was like you hit a mother of time. Suddenly you had this big gift. That i guess you got more time just by slowing down right. And it's it's forced right because you can't go off and say we're going to go into into town and in fire up the laptop and get some work done. I mean you're on the train and you stay on the train and it's got through. I went through an interesting cycle. I i thought oh this is great. I've got this time. This is really good. I should do something. And then i just get antsy. And i started rearranging my little room at and moving things around and i started to go a little bonkers. I needed to do something. And eventually i came to acceptance that that he was gonna take a really long time to get to portland and i needed to just go with the flow and It took me a. I think somewhere around montana. I hit acceptance in there.

Eric Eric Wanner Rick Steves Portland Winer United States Washington Dc Phobia LOU Derek Seattle Europe Montana
How much money do 'Mommy Instagrammers' make?

Side Hustle School

04:28 min | Last month

How much money do 'Mommy Instagrammers' make?

"How much money do mom instagram irs. Make last year showed us that. You never know what life is gonna throw at you. And if you use credit cards to pay for unexpected expenses. It can be overwhelming to manage that debt. Take control upstart. So you know exactly what to expect if debt is taking over your life. It's time to get a fresh start. Find out how upstart can lower your monthly payments today when you go to dot com slash hustle that is upstart dot com slash. Make sure to use that you're l. to let them know we sent you. Loan amounts would be determined based on your credit income and certain other information provided in your loan application once again that is upstart dot com slash. Hustle chris this is carol and i just recently found your show from the happier podcast. I've been seeing lots of stories about mom instagram irs. I guess they're the new mommy bloggers. Anyway it's a strange world. And i started going down the rabbit hole. The follow some of them. I found a lot of people with tens of thousands or even hundreds of thousands of followers. Do they mostly get paid for hawking products. And how much do they get paid. I'm not sure he wanted to do this myself. And the politics behind. It seem even stranger than all the posts about home furnishings. I'm mostly curious if this is even a viable idea looking forward to hearing from you all right. There's a lot we could say about this. So let me try to be on point here. And i thank you so much carol for the question So glad you found this show from happier. I'm a big fan of happier. Podcast with gretchen rubin gretchen has been a friend in many ways. A mentor to me. For many years. I've learned so much from her. Continue to admire oliver. Work all right. Let's talk about this interesting strange world here. I love how carol phrases this is it a viable idea. Well the whole point of school in many ways is to show that they're a tremendous number of viable ideas that most people would never have considered basically. We've looked at all sorts of random topics so in that sense. It is viable in the sense that some people have been able to do quite well with it. I'll come to that in a moment. So a big part of me thinks well more power to you. You know like if you're able to figure this out in great why not but. I also think it's fair to say as well is clearly a bubble of some kind you know in the ones the people who really want to be successful here. They're going to have to evolve across platforms and also evolve with the times. Most of the big name. So-called mom bloggers just went away and the ones that are still active online are either doing something else entirely or they just don't reach as many people now like they don't have the influence they did during during peak mom blog so to these questions of how much they paid these days for the instagram model. For what well they usually do. It is essentially to use carols phrase hawking products. They are paper post in other words. A brand is saying. We're going to pay you so much for this post. It's often based almost always based on the audience size. Most mom bloggers in the ten thousand to fifty thousand follower. Range will earn a few hundred dollars for product posts. It can be a pretty big range. Like i was reading about someone who has several hundred thousand followers and she was saying she. She's done deals for four hundred and fifty dollars. She's done deals for five thousand dollars. Okay so there is some real money at the high end. At least i think also. It is a cutthroat world and a lot of ways very saturated moms grammar market. Many brands only offer free product instead of payments which also it's kind of like more power to them like a lot of people say well. They shouldn't be doing that. They can try right just like anybody can try to be a mom instagram or any. Other kind of influence ser-. We've had stories in our archives of people who have offered free product instagram. That's helped them a lot so ultimately it's a free market you can choose you know affiliate commission where you get a cut of the sales price. They can be really really small and they're also issues with tracking so you can spend a lot of your influence over time pitching something and very few people swipe or whatever. They're they're supposed to do and if they do. It's not always tracked to your account last but not least certainly not least. You're always at the mercy of instagram and facebook of course which owns instagram and its algorithm so clearly not a sustainable business on the other hand you always need to evolve so if you originally wanted to be a mom blogger. It's hard to ignore instagram.

Carol Gretchen Rubin Gretchen Chris Oliver Instagram Facebook
Apple's future: A look at iPad, MacBook M1

The 3:59

05:24 min | Last month

Apple's future: A look at iPad, MacBook M1

"Sure that the ipad was on its way to replace the mac as those two platforms collided. Then keep the one macbook. So let's talk about the future apple those pesky rumors of a b. headset. This is your daily charge who begged pontificate about where all this is going. Then scott stein editor at large and apple expert so your commentary today looking at the potential merger of the ipad and mac book. But as you as you write today the perspective that you've had for awhile now shifted a lot because the m one you talk about that. Yes i've been. I've been trying out a loner. Unit of an apple. Mac book because i was curious and i heard great things about it and i thought okay and max work and i been mainly focused on looking at ipads and i've been writing about the ipad. Mac like dream merger for years like probably a decade and it did change my perspective in a way that i thought it might Apples chips on these are are trying to make max run a lot more smoothly instantly. Which is the territory. That i think i. I really put on ipads and on phones which was like. Oh this deferens really fast. It seems like get things done. Launched things quicker. Why can't you do that is easily on a on slogging laptop. Those problems having been solved on the on the air. And so well. I think also removes a lot of that uniqueness from the ipad and so it makes me wonder what is the ipad for and if and also if the mac can do this now really well with 'em one chip why can't the ipad to. Yes so it's interesting because you feels like it's a bit of a divergent for divergent idea from what you'd previously thought it was like. Do you still see these two platforms merging because it seems. Apple is intent on keeping them. Separate i think they have to merge and. I think apple's claims in this about keeping them separate or are posturing. Because i think that you know for years now we have been seeing them get closer and we've seen things introduced. That apple didn't seem what they were going introduced like a stylus or keyboard and track pad support You know things that are are transforming usb into Something that is more. Mac like were traditionally computer like but every year we get to this point of. When are we going to cross to becoming too doing even more in in the irs. Ripe pat os is more siloed off. It has advantages but it also holds back on flexibility. And i think in in a time of of lockdown where. I have not gone out. I need my home equipment. The mac book is extremely versatile. And i think that that versatility needs to flow more into the i. I think that answers my next question. I should ask anyways at this point. Like what do you find more useful and ipad pro the top line at that pro or one of these macbooks with an one processor. I think the mac book for what i do because you know what am i doing. I'm i'm i'm zooming a lot. I am testing out things. That may have extra weird browser hook whether it's a virtual sundance festival or stuff like that things that you know a lot of times were or zoom theater piece for what i cover. They will say we don't recommend an ipad for this. We don't recommend it you know. We prefer use laptop. So it's better safety zone for me for what i'm covering that being said i think i still feel like the ipads presentation for videos for for games as fantastic but no longer say that. It's the place for the best battery life or the best instant feel. I can just as easily. If you're shopping for an m one mac book you get that same thing you know and and that rock solid reliability is really impressed me so what really frustrates me is that people have to make a choice and i think apple made a really hard for people to decide and they launched these at different staggered windows. You where the ipad does not emerge at the same time and then then once it comes out. It's being seen as the computer of the future. So you know which one is. So i think they have to merge. Yeah you talked about some of the advantages of the ipad. Go into the am one like one that book on run apps really quickly you know. Obviously one of the key traits of an ipad over. Mac is still at touchscreens Touchscreen ever makes it over to the mac really right the macbooks. Apple's maximum the last domain. Were there's no touchscreen like everything else that i can think of is introduced it a long time ago. Were made a choice for some reason to maybe not super focused by touchscreen and stylus support shore or have it flip around be modular. You know. that stuff's been out there for so long. It's obvious. I think apple does seem focused on also people using multiple devices so there's always been a proposition of get both which is not realistic. I think if you get to a high enough price. The the ipad is cost as much as a mac book air. So why can't it be. Why can't those high end models be fully.

Apple Scott Stein IRS
Digital Marketing Tips for Photographers

WazaMedia Podcast

08:44 min | Last month

Digital Marketing Tips for Photographers

"For our audience. Who doesn't know your process. I'm sure that the how the typical photography experience for some classes. You have you take the photos and later on it within a week or so you'll get your proofs or you'll get your deliverables. Is there a change in process where you can get instant reaction from your clients. Yes tether to my computer. So i take a picture and it's available on my computer screen. Which is larger than my camera screen within a second almost instantly and so i coach them before before i take any pictures. I talked to them about what i want them to do. And that helps me. Coach someone there in front of the camera because they know what i'm talking about and why And then i review them throughout the session images here and there that i think will help make coach them up to understand and trust me and do what. I'm actually telling them to do rather than kind of halfway do it. Because it feels weird And it's a chance for them to tell me what they do and don't like which allows me to coach some towards headshots that they liked better and they're more likely to buy so then at the end we review all of the images they say yes or no to every image of the ones that get the yes go onto a further round until we're right around the number of images they want to buy and then when they're when they're good when they eliminate everyone they don't want to buy they buy them and i get to work on them when they leak. It sounds like your process kind of fits three things number one. You get instant feedback from the client whether you get that. Well factor or not number two as a coach. You're able to tell them. Hey you need to do this or let. Let's try this and a number three. You get a awesome behind the scenes content. You get their reactions with your webcam. So that's pretty awesome. That how how your setup meets these three things so i. I think that's pretty cool. It's a it's much. It's much easier than telling people that's for sure now. I recently watched your behind the scenes video. And i it really gave me a sense and maybe wish i could physically go to your studio. Currently i can't because of the snowstorm and how and how hard it is to get outside but Watching your video gave really gave me a sense of what your sessions are like. How how the process goes and it really gave me a sense of what to expect. If i stood in your studio this very moment from watching your video i should say that i. I've done two kinds of behind the scenes videos are done. More of the kind of been talking about ritz may setting cameras and recording and then me trying to splice it together. Even though. I don't know how to do that. Very well but i've also paid videography to make a two minute video. That is very nicely produce Based off of kind of soup braces behind the scenes videos for her marketing Which are just went. Four or five levels up from what i'm doing now for just a social media post. That's more like a piece of marketing. Collateral that i use for a year or two years everywhere and it's it's more valuable but The stuff that involve myself as this great for one social media close if i get one social media press out of it it's worth it and primary use it again but just people what what i do and the other thing is that you could always use it as a collection piece for where you were in that time of year when you had your studio in that set It's also good to good to look back on on previous sets and also studio. You've worked out of so it could be this even for yourself sure. Maybe it'll end up in a mashup. John i want to talk. I wanna talk about your favourite platform that used for social media as a as a photographer. Tell me more about how. You're using link dan in order to connect with people as a photographer. Yet it's definitely linked information so My head shot qatar for friends. Typically more actors or more professionals there are other Other people that book head shops. That i'm aware of it's always actors or the corporate professional people So i'm definitely more on the professional Corporate side of things Either haven't been able to get into the actor. Market there is not a big aftermarket here. so linked in is is the slapped to be for that for my audience So i make a lot use of it on their more often than anywhere else and admit much more money off with it than any other platform and the good thing about lincoln is it acts differently than it is on on facebook or instagram or on twitter Just today i found content in my feed. That was that was posted a month ago and so the way things are coming up are different. It's not based on on what's popular is it's more based on what's relevant to you and so i found my experience on linked in different than any other platform. Do you think the way lincoln performs and how it's different been helpful for you and connecting with your audience. I feel like i feel like it's somewhat similar audiences to be honest but i think of it as people are in a different frame of mind. They're they're in a business mindset Which works very well for mason. Since it's an investment in your brand and helping you make more money. I feel like people are there to learn People on facebook aren't on face to learn stuff. Usually i feel like around there to see some pictures of their family and friends and is not. They're not serious when they're on when they're on facebook or instagram i don't think so it's a somewhat different audience but it's a different mindset. That people are in. So if i if i just forgot your question you can ask. Now we're good. We're good we're good. The my favorite platform just to just as of recent is has been clubhouse just to listen. I haven't been as participate. I haven't participated in it. But whenever i see you john. I always tried to jump to jump in on it as still pretty high right now. Do you have any takes on how you see a clubhouse tool for for photographers i mean i. I have photographers as market. I'm trying to reach now for the longest time. I would just accept any photographers. Who connected with me or whatever. And i didn't have anything for them. Just figured they wanted to see my pictures as i posted them and that was about it. But now i've taken on the role of mentor more seriously and i've written a book making banquets attire fee. That's available on amazon. So i've been on clubhouse because it's very easy to talk about photography and get a good number of i also I have. I saw twenty six copies of my book last month from you know leading leading one room. I think maybe two rooms and being around and being a moderator on other people's rooms So is not a lot of money because the book is very affordable but it's a lead magnet for me so i'm have three leads of people who are interested in paying me for one on one mentoring from you know hours of hours from one month of clubhouse that's awesome. I'm really excited to see where clubhouse takes it to the next level. I know it's still invite only and it's only on the irs app iowa system so android user. Sorry you gotta wait your turn. And i think it was earlier this week. Ilan decided to do an interview on it. So it's starting to get more more of the rage right. Now is awesome because it's hot and they're you know you can actually like if you get in a room with someone amazing Maybe not elon. Musk amazing but Very notable if you get in the razor in a shot up asking them question where you wouldn't get to otherwise

Ritz Facebook Lincoln Instagram DAN John Mason Twitter Amazon Ilan IRS Iowa Elon
Why Todays Career Changers with Service Skills Can Find Opportunities Working in Tech

Technologist Talk

06:06 min | Last month

Why Todays Career Changers with Service Skills Can Find Opportunities Working in Tech

"What are some of the biggest tectonic shifts in the jobs landscape during those past two decades. Where are the opportunities for people now. Just starting to get into tech for twenty twenty one will over the next. Let's say ten years twenty twenty two twenty thirty. There's much faster than average growth expected for. It jobs overall in some of the greatest growth areas are still in the self development cyber security analyst spectrum girl by twenty eight percent over those ten years it support. Thirteen percent sa- last year in twenty twenty there were over eighty two thousand job postings for. It support specialists the number of job postings for it support specialist actually grew by a greater percentage when compared to software developers for example from twenty ten to twenty twenty it support. Specialist job ed's grew by one hundred twenty four percent a lot and compared to software developers. They still grew a lot to quite significantly They grew ninety eight percent ola to period but that was ninety eight percent for software developers versus hundred twenty four percent for support. Are any of those jobs. You think it'd be working from home in the newmarket is most of. It staff guam back into the office. Before i didn't even notice burning glass with track remote work at home opportunities at all in the job ads. And now i noticed they're always tracking it and we're always publicizing those type of numbers. So is that like a new phenomenon. Cova are we really tracking those numbers. Well we started looking at a few years ago and burning glaze his his at data going back to two thousand ten so we saw it trending up a little bit in prior years for example in twenty ten five percent of all. It job postings cited that either remote or work from home compared to last year in twenty twenty jumped to twenty two percent but it was already trending up like grow by one percent from twenty ten twenty seventeen two thousand eighteen eight percent of it. Job postings were remote work from home twenty nineteen there is a pretty big jump even from two thousand eighteen to twenty nineteen to fifteen percent but it was a significant drone from twenty nineteen at twenty twenty. After the pandemic i started it went from fifteen percent to twenty two percent so pretty considerable portion of it job types being worked from home or remote and from member bowls that we've run looks like the majority are considering even going forward still more employees to work remotely. I think that's fairly significant. If more than one out of every five. It jobs a rope from home right now. That's it the the ones being advertised. I should clarify that. Not just the ones in the market but also the ones being advertised that are open for people to get major changes l. Go back to how employees work and access. It wherever it may be from 'cause with that through cyber security concerns Data management in the skills that the. It employees intern need to be able to support all employees because of the effects of the pandemic last year we did see a majority of our member firms. Most of them are technology companies. They were going to continue to invest in technical training for their employees. In some of the top areas there were cybersecurity that was a top area. Sixty four percent of our own member companies. We're going to focus training efforts and cyber security cloud infrastructure and cloud locations technical. It support were the top areas. Were they can expect to see training support for employees. That's good to hear from the members especially because we do our own custom training program with amazon so they do a really good Career program for their own employees where they help pay for the tuition for them to get trained by. Come to you so that they can move from maybe the warehouse floor into. It jobs either. Four amazon or for other companies. Whichever works best for them. We always tell our graduates allowed him to be start on the help desk. You're gonna learn a lot of places where to go with intact but at that point then alive the more forward thinking employers and especially i would hope. It employers would be in that list. They'll help you get the certifications and the training you need in order to keep growing in your career. So it's good to see a lot of our own member. Companies are taking that same philosophy. Yes definitely a lot of different areas to grow into depending on your interest especially Various emerging technologies or save working for a different type of industry. You can really go after what you're interested. In business. intelligence data analysis networking there are gray salary opportunities for someone working in tech or wanting to move into a tuck position for example. The median salary for all occupations as the overall media and mrs according to the us bureau of labor statistics for twenty nineteen they Number was thirty nine thousand eight hundred and ten in so we're looking at just the tick patients. It's much greater median. Salary eighty eight thousand two hundred forty salaries range depending on location of course or companies as irs. Maybe someone's years of experience or The job role if we're looking for example at it support to decisions. The median salary for an it support specialists is fifty two thousand. Two hundred and seventy and that is thirty. One percent greater than the average for all occupations combined

Cova ED Amazon Us Bureau Of Labor Statistics IRS
"irs" Discussed on Clark Howard Show

Clark Howard Show

03:38 min | 3 months ago

"irs" Discussed on Clark Howard Show

"So this is a mess. New report about the irs poured it on by the motley fool that the irs still has over a million tax returns for various reasons could not be filed electronically and had to be filed by paper that they still haven't even gotten to open yet people that were do refunds or waiting for those refunds. And you may remember. We had the problem that we talked about on our show <hes>. Back in late summer where people were getting. Notices for non-payment of tax bills with penalties and interest and the letters are very <hes>. For computer generated letter pretty unfriendly and the irs. Finally stop sending out those notices because the problem was that point. Just general male bay had somewhere round twelve million pieces of mail. They had not opened the. Irs is dealing with a massive shortage of employees and then on top of it has the second problem of so many workers working remotely. There's been no one to open mail the motley fool estimates. There's still three million letters that have been sent to the irs. In addition to tax returns that has not been opened. So if you had an issue with the irs where you are sending money and you send them money and they never have acknowledged receipt that check you sent his never cleared. This is what's going on and so when you send money to the irs. I'm going to recommend until this backlog has worked off before the <hes>. Chaos that exists right now in the irs. Before it's over. I'm going to recommend that you spend a little extra money when you send an item to the irs. You can send it and away known as certificate of mailing. I don't need to censor defied mail or anything like that. But if you send certificate of mailing it is an item of proof stamp by the post office. The you have actually sent a communication of the irs and it doesn't matter that they have not opened. It will be an item proof that you did the part you were supposed to do and sent that to the irs. The other thing you can do is if you have a need to pay not a desire but a need to pay the irs money you can set up an electronic account with the irs where you have an electronic account where you pay them much like you'd pay an electronic bill pay you do that same thing with the irs. And then there's no issue that you didn't pay on time that the irs thinks that you are now attacks deadbeat you electron ecclesia paid and not only. Is there proof. Well i guess on the bad part they would have your money immediately and you wouldn't have your money anymore. I guess the one advantage to them not opening all these envelopes. Is you still have your money for an extended period of time.

irs Irs
"irs" Discussed on Squawk Pod

Squawk Pod

05:25 min | 3 months ago

"irs" Discussed on Squawk Pod

"You're planning in on trying to cash some of your casino. I should say some of your bitcoin and trying to pocket. The gains will be prepared for a potential tax it. If you've owned or used bitcoin you may owe taxes no matter how you acquired used it. Cbc senior personal finance correspondent. Sharon edison is here now with more on what you need to know. Sharon hi andrew. Will you know if you bought or sold. Bitcoin or any crypto currency this year. The irs wants to know about it. It now asked this white on the first page of your ten forty federal income tax. Return at any time during twenty twenty. Did you receive sell send exchange or otherwise acquire any financial interest in any virtual currency. And you have to answer yes or no now you need to check. Yes if you involved. In any transaction with the crypto currency including selling it receiving it transferring it for free exchanging it for goods or services or other property including another virtual currency and like stocks any gain or loss from the sale or exchange of crypto currency is taxed as a capital gain or loss. So it's very important to keep good records of your transactions now. You're gonna find out a lot more about bitcoin and your taxes at cbc dot com slash smart tax planning andrew. So couple of questions consequences if you don't check the right box on your taxes. Turn either you're dodging purposely. Or maybe just don't know well you need to know you mean to make sure that you understand how this works and working with tax professional is key here because if you've made a transaction and you do not check that yes box that tax experts that we've spoken to say that you could be accused of tax evasion by the irs. There could be criminal consequences so this is a very serious consideration that you have to make right there at the top of the ten forty four. You can't miss the question. But you must answer truthfully is because there could be significant consequences. If you don't sharon just real quick our places like coin base and other institutions are they reporting your gains and losses as well to match. I'm so glad you asked that because like a brokerage firm will report. You know what you've done with your stock transactions your other transactions. This does not happen. At many of the exchange this does not happen with crypto currency. Usually so it's very important for you to keep very good records on your own and to make sure that you understand how to keep those records having cpa and enrolled agent some tax professional who has worked with quipped crypto currencies. His work with tax payers. Who are dealing with. This is very important so ask that question as you pick the right professional work with his sharon. I get the idea of having report if you've bought or sold crypto currency. But the idea of if you've used it for any transaction could get really complicated especially as more and more vendors are accepting it as a as a form of payment if you let's say you rented an airbnb on something using it. Let's say you bought a cup of coffee somewhere you've got to report. Every of those transactions that can be incredibly complicated. It says it says any so i know that but of course it is difficult to keep all of those records and all of those documents the issue is that people want reporting anything and i think the irs has been really looking to crack down on this looking at the millions of people who own bitcoin right now own cryptocurrency and. How just several hundred. Some years over the past few years have been reporting every year. so they're missing a lot of people and they just wanna make sure. I think that they're getting the accurate numbers of who has who owns bitcoin. Who's using it and how reporting it sharing this just just thinking about all the ramifications because early adopters. They may be smart enough to have their own little wallet where they don't even use a coin base and that may part of the appeal of bitcoin. I think is that it's so anonymous. Some people and we've seen historically what it's been used for so it has that <hes>. You know the impression that that that it gives. But i would think anybody that buys on coin base or coin. Base is not going to be able to say. Oh no we're not going to provide anything coming. Base is going to have to generate if you answered. Do they generate like something to the irs. Right now about the people that they're dealing with or will they not a standard form life at ten ninety nine form. There's not a staredown. Four for crypto currency. So you may have a some institutions may have some type of form or paperwork that they deal with the irs. But there's no standard standard ten ninety nine like you get with the brokerage firm from what's coming telling. The market cap now is for bitcoin and for other cryptos that that's going to. That's that's gotta be near term for for the exchanges. I would think if you can't you know it's like a wild. Wild west only lasted for so long right exactly and that's again that's that's evidenced by the fact that it's not on the schedule anymore. It's not tucked away somewhere in tax documents where you have to report. This is right at the top on the first page of your ten forty form. So you're absolutely right. Things are definitely changing. Okay all right. Sharon thank you. I appreciate that thanks. People say that's why it was invented. We'll see when when the when the rubber meets the road. Whether everyone you know going to be it'd be interesting to watch <hes>. Better better hire more. Irs agents. I think

becky quick Ross sorkin andrew Kernan united states cdc cnbc hud becky kobe joe senate minority leader chuck s uk Nancy pelosi
Copenhagen's Palads Teatret

Monocle 24: Section D

01:06 min | 5 months ago

Copenhagen's Palads Teatret

"If you were to ask Copenhagen Irs. About plaster this Pastel colored eye catching cinema located in the heart of the city. Just a stone's throw from Arne Jacobsen conic. Sas. Royal Hotel. They will likely describe it as for key fun and charming building a site that has for years made up a unique and special part of the cityscape the building dates back just over a century and was the city's former train station. Yet as demand grew and passenger numbers increased a new bigger station was built close by and palace went onto become Scandinavia's biggest entertainment center at the time. Counting roughly three thousand seats and space for thirty man orchestra. And after years of renovations and adjustments, the space turned into the seventeen screen cinema it is today. It took its distinctive look in the eighties when Danish artist Paul Gann coated the building's facade with a vivid mix of Pastel, hued blues and pinks. Turning the site from architectural landmark into a piece of art.

Arne Jacobsen Royal Hotel Copenhagen IRS SAS Scandinavia Paul Gann
"irs" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

05:01 min | 7 months ago

"irs" Discussed on The Dave Ramsey Show

"One month with one hundred and forty-three thousand of that in the last nine months. Goodness gracious what was the income range? It started out about two to twenty, one, this last year about three seventy-one. It'll be a little bit north of that this year. So, increase? Do you guys do for a living. I'm, a domestic engineer. I run a team for the eastern half, the United States for consumer packaged good company The team cheerleader got great teammate folks than do great job selling stuff to retailers around the country, apparently a great cheerleader. Well, done, they don't pay cheerleaders. Good at it. You're not a petite human beings took place some football back in the day. We didn't even football team where I grew. Are you serious how coached up in Pennsylvania and I'm GonNa tell you some large human beings up there. We eat? Well, yes. Some good people, but hardworking working amazing number of hall of fame. People. Elliott areas, Jim Kelly Joe name absolutely Montana on Mike Ditka all Elliott Tony Dorsett. So tell me what motivated you guys to get serious about attacking this debt. Well, you know it's it's a twenty five years success story and it's funny because you know when I when I was I've had this conversation with you guys probably about two thousand times the last seven years normally on a treadmill sometime in the morning. And when we knew we were getting close to time because we paid off our house, you know and we. We. We we're getting close to time and I. Sat down, I started writing down kind of what I was thinking. Because I knew we had a segment. There was only a certain amount of time. There was so much to tell you. And then when I finally came up for air, it was about sixty, three, thousand words. Sixteen chapters afforded an afterward and this concept in this tidal called working for Rachel. And what was was it's the biblical Rachel Jacob, story, right? Because Jacob had to work for Rachel for for seven years. So we thought working for Lia was kind of like the consumer debt part and then working for, Rachel. was paying off our right because when he said. that. was about the process. For, Verse Twenty, it says and Jacob served for Rachel. For seven years. But it seemed like, but a day because of his love for her. and. All the sudden it went from a process to a concept. Right? I went to kind of this whole idea of we're now working for Rachel. Right? This baby steps seven. This is. We've always felt like we're your patient zero, right? We're a case study ivory, every everyday millionaires book, right? Mean it was like you know I look back and I say we did this and we said It's it's a memoir for our grand kids and their grandkids. Journal, we went back and said, this is where God showed up here and here and here just at the right time and somewhere along the way there's inspiration and motivation because we are extraordinarily. I mean, I was a two point, nine, three student in College I was on academic probation. Twice. I was on disciplinary probation once. You know I couldn't spell CPG. The G. Coming out of school. But I punched above my weight when I got married I married in proverbs thirty, one woman who. WHO's worth is far more than rubies in her I've had no lack of gain and You know we've been great partners. But what seven years ago is when you start the three Oh four. But. You knocked out what started that product. Sure. Sure. You know we we bought this House back in two thousand three and it was like sixty percent debt income I. mean. We stretched into this House. I, mean, when you're when you're building this house, you know you can justify anything I mean because there's always cheaper to do it up front versus after on your sales, you can always make more money. We out earned Mushoo pity. We closed at a house in December of two thousand and three and a five year arm and a three point seven, five percent rate. And in five years in December. Two, thousand, three was December of two, thousand, eight, right. So we were staring square in the face of housing crash and we just got lucky in the sense that Pittsburgh was one of two markets that didn't go down during that time, and we're able to do it and spent three or four years. Kind of figuring out. You know and refinancing of feeling better about an amortization schedule. I met you in two thousand eleven. We're out in Maui for a a fifteenth wedding anniversary and all of a sudden. Sudden. This guilt and shame came over me because I had put the family so much risk and it works only when it works and it worked for us and we're in a good spot at that point. But you know it was like I felt like, I'd walk through a landmine hadn't tripped any either bombs, but I look back into never going to do that again and just got really serious. Got Both my legs. Absolutely. So we got to two thousand and thirteen. We refinanced for the final time in February of that year at. We did a fifteen year two, point, seven, five, percent, three, hundred, three, thousand, five, hundred dollars, and it was not. The the fifteen years didn't matter the two point, seven five didn't matter what mattered was the three hundred and three, thousand, five, hundred dollars and I would have paid off in two years. But you say baby step four, five and six at the same time. Right. So I mean. So we put back two, hundred and fifty, five, thousand for college. During that time,.

Rachel Jacob United States engineer football Elliott Tony Dorsett Pennsylvania Jim Kelly Joe Montana Pittsburgh Mike Ditka Lia Journal Verse Mushoo Maui Rachel.
"irs" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:15 min | 7 months ago

"irs" Discussed on The Dave Ramsey Show

"Live from the headquarters of Ramsey solutions broadcasting from the dollar rental studios at Studt Dave Ramsey show where debt is dumb. Cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol. Of Choice, I'm Dave Ramsey your host you jump in. We'll talk about your life and your money open phones at Triple Eight, eight to five, five, two, two, five. That's triple eight eight to five five to five, my co host today on the Air Chris Hogan Ramsey personality number one bestselling author. We are here to answer your questions. Justin starts us off this hour in Moore Oklahoma Hi Justin, how are you? Dave, how are you doing? Great. How can I help? Well, I'm a little bit frustrated and a little bit discouraged that I'm back on baby step two of about ten months ago. By, ended up selling a car last month for forty, five, hundred dollars that had two hundred and fifty thousand miles on it, and I bought a cheaper car from eighteen hundred dollars far from a neighbor. Got It all checked out at the mechanic. My Dad is good with cars. He got an old checked out for me. Look like a really promising deal got a thousand dollars or a thousand miles down the road and the transmission went out. That's going to cost me twenty eight hundred dollars to replace this transmission, not an eighteen or car. there. And my car now has a coolant leak and I have to get that check those driving down the road today. It started overheating. So I put some cooler in it and I'm taking it to the mechanic. I'm just sick and tired of cars that are breaking down on me and repairs that I'm having to do. I'm so close to being out of debt, and I only have two thousand dollars of student loans and my wife and four hundred dollars just consumer that..

"irs" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

03:41 min | 1 year ago

"irs" Discussed on MSNBC Rachel Maddow (audio)

"Matters before taking this IRS gig. The IRS will not say, whether Desmond was recused from any of that decision making they just will not say. But now tonight, the Washington Post the Washington Post reports that before Desmond got there before he was installed in February at President Trump's personal insistence turns out the previous chief counsel at the IRS had put down in black and white put down in a legal memo, the bad news for the Trump White House or for any White House, that was seeking to defy or wriggle out of the legal requirement. The handover president's tax returns, quote, a confidential IRS legal memo says that tax returns must be given to congress. Unless the president takes the rare, step of asserting executive privilege, according to a copy of the memo obtained by the Washington Post the memo contradicts the Trump administration's justification for denying lawmakers request for President Trump's tax returns, Trump has refused to turn over his tax returns, but has not invoked executive privilege. Treasury Secretary Steven Mnuchin has instead denied the returns by arguing there's no legislative purpose for. Denying them, but according to the IRS memo, which has not previously been reported the disclosure of tax returns to the committee is quote mandatory requiring the secretary to disclose the returns and returned information requested by the tax writing chairs in congress. The ten page documents says the law does not allow the Treasury Secretary to exercise discretion in disclosing the information provided that these statutory conditions are met the memo directly rejects the reason Steven Mnuchin has cited for withholding information from congress. So this is new. This is something we had no idea of before. It's an internal legal memo at the IRS, which says, there's no discussion here. Hey, IRS. Hey, treasury department. You have to hand over the president's tax returns. There's really no wiggle room and the Trump administration has defied a subpoena on this. Not only did they defy the legally binding demand. They defied a follow up Safina. They've been saying, no, no, no. We're going to defy the subpoena. We're not gonna hand these things over because we question your motives for wanting this information. Well, the IRS is only goal analysis of this law, and their responsibilities under the law say it doesn't matter. Why congress wants the tax returns? They don't even have to state, any reason at all you just gotta hand it over. That's what the law says. Now the one theoretical silver lining here for President Trump trying to block his tax returns for being handed over is this Cording to the Washington Post tonight. This memo says that the only basis that the agencies could refuse to comply with committee subpoena would be to invoke the doctrine of executive privilege. They can just imagine the Trump administration being like okay. Okay. We'll assert executive privilege here. Right. Everything's executive privilege just say that about everything, well, that get us out of jail here. But even in this IRS legal memo itself, according to the Washington Post this memo says that this law, which requires them to hand over the tax returns, quote might be read to preclude a claim of executive privilege. Meaning this law itself could also be interpreted to say. Yeah. You might try to invoke executive privilege here, but you can't invoke executive privilege to deny a subpoena. So, so this is this is according to the IRS is only goal reasoning, the Trump administration must hand over Trump's tax returns to congressman Richard Neal of Massachusetts. They must they could try to assert executive privilege to block it. But good luck..

IRS President Trump Trump administration executive Washington Post Trump White House president congress Steven Mnuchin Desmond treasury department chief counsel congressman Richard Neal secretary White House Massachusetts
"irs" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

03:42 min | 1 year ago

"irs" Discussed on MSNBC Rachel Maddow (audio)

"We've been in now. No, you can't have any documents. No. You can't have any witnesses. No, it doesn't matter issue, subpoenas will defy the subpoenas. We'll fight them in court will hire whole new fleets of lawyers to come up this stuff anyway. We can't even in the context of all of these different fights which we've just seen exploding day after day over the past sixty days, even with that whole universe sort of within our grasp, you have to know that the IRS things specifically is different. The IRS thing is not just another one of those fights like all the others because when the chairman of the ways and means committee tells the IRS he wants to look at somebody's tax returns. It's not a run of the mill request. It's not a congressional request, like any other this IRS thing is different because there is a law a statute, an overt clear simple law that has been on the books since the nineteen twenty s which makes clear in no uncertain terms that when the. Chairman of the ways, ways and means committee wants to see a tax return. He gets it. No questions asked the law. Just bluntly says handed over right now. The chairman in question here is, is Richard Neal. He's a veteran, Massachusetts congressman incidentally, he's, my congressman even though he's, my congressman, I would have a hard time picking them out of a lineup at a distance. He's just a low profile dude. He doesn't go on TV a lot. He doesn't make a big stink about this fight that he's waging now or anything else, but he has been plugging away. And pursuing this in his own Sato voce kind of way zone one foot in front of the other careful way. And whether or not you like that, about him statistically, statistically. Stylistically. Whether or not you sort of, you know, you, you are in tune with the way that he has been pursuing this Richard Neal, having a different approach, then all of the other members of congress, and all of the other combatants who are fighting all these other fights with the White House Ritchie Neil having a different approach is to be expected. Given that his fight is the effort to get the president's tax returns on a totally different basis than all the other fights in Washington are taking place on right now. I mean he's got this law that he's trying to have enforced. He's simply telling the treasury department and the IRS to follow the clear law and do what the law says they must do. Now how do you win a fight like that? If you're Richard meal, the chairman of the ways and means committee, I think we can surmise that his strategy is to keep it simple. He knows the laws on the side. He knows the law is a clear and simple thing here. He just has to press that point until some court compels the Trump administration to follow the law. That's how he's pursuing it. How do you try to win this fight? If you're on the other side, if you're the Trump White House, and you do anything to stop the president's tax returns for being released law or no law. That is what we are now seeing reported out tonight. I as you know, in the two plus years that he's been in office. President Trump has not been the most diligent chief executive when it comes to actually hiring people to important jobs in the federal government, right? When it comes to actually filling out senior jobs in the administration, he hasn't bothered. You know, to make sure that all the jobs are filled look at the cabinet right now it's like half acting secretaries is something he doesn't care, but he has taken particular care to install his own handpicked leadership at the top of the IRS, and incidentally, at the treasury, and the IRS is part of the treasury department. The president installed his chief fundraiser from his campaign as head of the treasury that itself is a little unusual..

Richard Neal IRS chairman Ritchie Neil President Trump president treasury department treasury Trump White House Sato voce chief executive Massachusetts Washington White House congress sixty days mill
"irs" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

01:45 min | 2 years ago

"irs" Discussed on On Point with Tom Ashbrook | Podcasts

"And when we talk to staffers on put on Capitol Hill Republican staffers, and we're saying, hey, look, you're collecting a lot less tax. You don't even going after people who aren't filing your tax returns. And they're like, yeah. That's bad. We don't like that. But it was never sort of a stated rationale is like, hey, let's let's cut the IRS. Let's make the auto rates. Go down. Let's make them collect less tax. It really started. This latest round of cuts in two thousand ten there was the tea party wave election Republicans took the house, and they came in and sort of a pledge to cut back government across the government. But there was special attention on the IRS, and it really stemmed from the fact the IRS was really keyed implementing a bomb care the ACA. A lot of the administrative stuff had to go through the IRS raking, the subsidies work and making sure that people were getting health insurance and all sort of stuff. And so the IRA the Republicans, you know, started doing things in their budgets like prohibiting the IRS or trying to prohibit the from using any funds at all to implement the ACA ah Bama, will you know, beat that back. But there were cuts over time that sort of stem from that in the IRS never got the resources in need and needed to to do a good job implementing the ACA, although they did avoid disaster. But essentially, they had to rob Peter to pay Paul in order to to, you know, make the ACA work, and then in two thousand thirteen there's this massive scandal, the lowest Lerner scandal people remember that name essentially, the relics were charging that the IRS was going after right leaning nonprofit organizations, basically tea party organizations disproportionately with like an onerous audits requests for information long story short on that. Basically the IRS was taking shortcuts they should not have taken. But there was no proof that it was politically driven..

IRS ACA rob Peter Lerner Paul
"irs" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:45 min | 2 years ago

"irs" Discussed on On Point with Tom Ashbrook | Podcasts

"There's blowback from powerful people when you take on powerful people. And so there was a lot of resistance to the fact that the audits were wide ranging, and you know, complaints about the asking too much, and you know, today, the the unit is is a fraction of what it was hoped that it would be a long time ago. And we looked at a case where the IRS essentially backed off after making, you know, sort of an aggressive finding so it's the state of text ministration right now is is not good because you need not only bodies being well trained people, and that's basically not happening right now, you know, the the the nature of what the interaction with the IRS is different for some of the high high income, high wealth and high profile people than it is for for you and me and for most of our listeners. I would imagine you you talk a little bit about the ability of I guess one by you know, lawyers associations for them to be able to speak directly to high level. IRS officials about their clients cases in a way that you and I just would not be. Able to do if we were appealing things there was a a line in in your report where you talk about the yield which sounds clinical and in some ways, maybe even a little cynical. But the idea is if an auditor spends time, you know, auditing middle class or lower income people how much money it yields per se. Our versus how much money per hour yields if you're going after and scrutiny anyway scrutinizing the taxes of an extremely high income person walk walk walk me through a little bit about how the IRS thinks about the way in which it deploys its agents. Well, it's kind of funny because they there was a big overhaul the of the IRS the nineteen ninety s or sort of these dramatic hearings that there's accusations of them, you know, harassing small businesses and going in with guns drawn, and that sort of stuff and an after this dramatic hearings. There's a big overhaul the agency and one of the things that the law did was prohibit the IRS from looking at basically the money that it's agents are bringing in as a way of evaluating them. So that's actually not away the managers are allowed to evaluate their staff. But there there is some data in terms of how much, you know, the they get per hour spent and had absolutely shows that, you know, it's a massive return on investment when you go up the up the scale in terms of how much it's going back from these audits. But unfortunately, a lot of times, they're they're they're evaluated based on how efficiently or the opening and closing audits. And so that isn't necessarily always incentivize, you know, deep work, and when we talked to managers who were doing things like, for instance, auditing people who. Offshore Bank accounts in Switzerland. Or whatever they were saying it's hard oftentimes to to get people around the IRS to commit to these things could he could take three years to audit. You know, these types of cases, and meanwhile, your numbers or suffering. And so there's some there's some incentives there that can prevent the IRS from digging deep, especially when resources are constrained. In addition. It seems as though in doing your reporting, you know, you talk about certain eras, the the nineteen nineties things were overhauled. He talked about two thousand and nine. There was an effort Neier ESTES have a swat team to go after folks. And then there is as as you report some pushback as you report with your colleagues. These are not dates are not incidental the mid nineteen ninety s Republicans were ascendant on Capitol Hill, they took over both houses of congress two thousand nine obviously the first year of the Obama administration a swing back. You know, there seems to be pushing pull Republicans it it. It seems. Unless you reporting found, otherwise, my recollections Republicans really were pushing for the cutting of the IRS what justification were they doing at that time for this. Yes, funny. I mean, if you step back like I said, it's been really damaging for the agency..

IRS auditor Switzerland Offshore Bank Neier ESTES Obama congress three years
"irs" Discussed on The Majority Report with Sam Seder

The Majority Report with Sam Seder

01:41 min | 2 years ago

"irs" Discussed on The Majority Report with Sam Seder

"But I think that's like way too low because like all the money that you put into the IRS that includes like everything, right? But if you were nearly to target to to enforcements, you know, I've seen the make estimates of ten to one on something. And you know, I mean, I've talked to Irish people who are working on audits that have hundreds of millions of dollars that are at issue. It's almost impossible count, the IRO our those. I'm those cases, you know, someone who's making a hundred twenty thousand dollars a year, and he's gonna come out with an audit that results in tens of millions of dollars in tax. Sometimes there's just off the charts in terms of what comes back. All right. Well, it's it's fascinating stuff. And it doesn't seem like it's going to the I mean, it's not going to be till twenty twenty. And I would imagine every year or two that goes by with less and less institutional nal. College is that much worse. Right. Yeah. No. It's it's it's going to get worse before it gets better. But I mean, it would be really big -til for that process to to turn around and for to start to rebuild itself. But that is something that I think definitely has to happen. If you're looking at, you know. These big, you know, tax proposal that you mentioned are are being put forward. I mean, I guess the good news. There is good news. Is that a lot of this is easy money in terms of? It's an easy solution. Right. It's like, there's no there's no downside to it. Funding the IRS. So there's something that, you know, democratic administration. If there is one in twenty twenty one could look forward to in terms of increase revenue Paul Kiel propublica, we will put a link to your piece at majority dot FM..

IRS enforcements Paul Kiel propublica IRO hundred twenty thousand dollar
"irs" Discussed on The Majority Report with Sam Seder

The Majority Report with Sam Seder

05:18 min | 2 years ago

"irs" Discussed on The Majority Report with Sam Seder

"You wanna you wanna make sure you you make a habit of it? They could have called it habit. But no who's been that interested in habit, but ritual has connotations than have it. I was actually just reading one of the the stuff in there is both boron magnesium. And there was a big study that was out recently about magnesium and and bone health when you get older like I'm I'm convinced I'm on that. And then apparent you need, the boron and the vitamin d three. So that the magnesium is is absorbed. I'm not a doctor. All right, folks. We're gonna take quick break. When we come back. We'll talk to Paul Kiel about how the IRS was gutted. We are back Sam cedar on the majority report a pleasure to welcome to the program. Paul kill covers business and taxation over at propublica. Paul welcome to the program. Thanks. So this piece it's there's a lot of talk. Obviously right now about taxation in the context of of MTV. And as Democrats talk about proposals for Medicare for all and universal health child care, baby, bonds, etc. Etc. How are we gonna pay for this at the end of the day? It really doesn't matter. How much you tax? If you don't clicked, and that's becoming a bit of a problem, isn't it? Yeah. So I think it's probably best to start out with where we are. And how we got here and really starts with Republican congress coming in and twenty seven after midterms twenty ten and they start attacking the budget across the government. But there's a special emphasis on cutting IRS budget and early on it really has a lot to do with the Affordable Care Act, and that's because the IRS major role in implementing knees. And so after the IRS was seen as a way sort of kneecapping, the which obviously they weren't able to do through straight up legislation. So the budget cutting starts immediately as soon as the House Republicans get in there, and then twenty thirteen comes there's a big scandal around, you know, there policing of political nonprofits lowest Lerner scandal without getting too far down that rabbit hole. Like, you know, the bottom line is that was something that became a really big Republican issue seen as you know, you heard a lot of. The Obama I r s bomb a, you know, it's going after a leaning on profits using the government as as an instrument of democratic politics in that became a larger justification for for for slashing the budget. And so it went there's a major cut in twenty third teams another big one in twenty fifteen this sort of scandal kind of kept on going, and we wanna do pieces sort of step back and say, what is the what the cumulative effect of all this. And he would affect is that the budget is down something like two point five billion in today's dollars from twenty ten which is the peak. They've lost a third of their force staff. A third of their enforcement staff. Right. So I talked to a lot of people the IRS, and they're all like, basically you start out your keep a cold. It has four people, and then there's three people and then there's two people. That's basically what's happening across here. So what happens, you know? They they can't be good. What happens? We wanted to do is gonna put all these numbers together. What are the human affect band? So audits are down forty percent doing to show that there's dollar hits in terms of what's being collected. You know, the government is taking in our number was eighteen billion dollars less than a year..

IRS Paul Kiel Obama MTV Medicare congress Lerner eighteen billion dollars forty percent
"irs" Discussed on BizTalk Radio

BizTalk Radio

04:35 min | 2 years ago

"irs" Discussed on BizTalk Radio

"That's number one number two. If you are in trouble already if you have been delinquent. If you have been afraid to get your head out of the sand because I understand it is overwhelming overwhelming. You must also call Patricia. And I don't want to say anything bad about anyone else. Because I don't know how other IRS. People work that are trying to help you. I can only tell you that there are many people who take advantage of your vulnerabilities. And and if you don't know what your basic rights, are you will be in trouble with these companies that are trying to help you with the IRS. And I have I share this because I have a friend who has been paid paying five hundred dollars a month for years and has never seen any action. And he can't get out of the legalities of the of what they put him in the corner. So he never got his IRS Steph resolved and he's paying five hundred dollars a month. And he's fighting it tooth and nail. And and it's the biggest mess in the world. And I only share that with you. Because. I don't want anyone to go down that road. So what Patricia if you are listening to this get your piece of paper and pencil ready and write down what Patricia is telling us because she's really giving us a clinic for free on the radio of what we need to know, and many people did not know that we had a a Bill of rights, many people. Did not know that taxpayers have the taxpayers Bill of rights. So I'm so sorry. I just wanted to make those those distinctions really clear. No, no apology necessary, Frankie. That's exactly what everybody needs to know. Is what you stated there because. Let me just say. So that everybody here's what these ten taxpayer. Bill of rights are number one the right to be informed. A number to the right to quality service. Number three the right to pay. No more than the correct amount of tax. Number four the right to challenge. The IRS is position and be heard number five the right to appeal an IRS decision in an independent forum. Number six the right to finality. Number seven the right to privacy number eight the right to confidentiality. Number nine, the right to retain representation and ten the right to a fair and just taxes stuff, and we're going to go into detail needs one of these every time until we're through with all ten of them and. I do want to say that you mentioned about the proprietary those private tax resolution businesses that advertise that they're going to help you resolve tax. Resolve your yes, IRS problems and issues, and they literally just take advantage of you, not just financially, but the first financially because a lot of them are not reputable, and they're just shells and their opened up to and they walk represent you or resolve anything until they're paid their flat fee front, and then you pay an I have plans like this all the time. And then they never hear from them again. And they never get anything resolved. That's right gotten scammed. But I do want to say, and I'm I'm not going to IRS bash in. In the series. But I do want to mention that. Unfortunately, my clientele my experience, and what I've heard from other colleagues at practice tax payer rights defense and resolution, you know, what I hear the music. I'm gonna let you continue when we come back from a quick break. It's.

IRS Patricia Steph Frankie five hundred dollars
"irs" Discussed on Planet Money

Planet Money

01:43 min | 3 years ago

"irs" Discussed on Planet Money

"Ears not covered by the trial and that amount to six hundred thousand dollars when he added fines still after years of flouting the law larry williams left the courtroom that day a freeman oh my gosh you don't know out good help later says the experience changed that we thought about taxes i understand that the tax protest argument is wrong or if it's correct it isn't going to be validated any court of law so it doesn't matter to losing battle so you got to buckle up to the bar and your taxes do you feel any guilt i don't understand the question that that you should have been paying taxes i did pay i paid a lot of money in taxes it's true he did eventually the us system for collecting income tax a lot of it is based on trust while people think of the irs watching our every move the truth is the irs only has the resources to audit the tiny tiny fraction of all the returns that they get the whole system is based on what sometimes called von terry compliance which means is up to each person to figure out what tax rules apply to them and calculate how much they're supposed to pay one consequence of that is people like larry who will dig through our super complicated tax code and all these old court cases looking for any argument that will let them legally not pay their income tax especially because of the whole thing ends up in court you can just say i didn't know eventually the irs got so fed up with hearing all these terrible arguments that they made a list of them and put them up on their website when i checked this morning there were forty four of them it's actually now illegal.

larry williams irs us six hundred thousand dollars
"irs" Discussed on Planet Money

Planet Money

02:01 min | 3 years ago

"irs" Discussed on Planet Money

"You know how people feel lost when a friend is larry felt that way he also was legally lost in i'm on my own here on larry didn't know what to do he wasn't a lawyer he he tried keeping up with all the letters back and forth the irs but he really didn't know the law at some point larry decides to make a trip to australia to give a series of talks about investing his plane lands at sydney and he's sitting there waiting to get off when these three guys get on the plane and walked down the aisle they stop at his seat are you larry williams go what is this for maybe they wouldn't say anything they said you're under arrest okay may said we'll follow to this room they are went down the basement of airport kind of like a holding area and went there and they said you know here the papers united government you've been charged with income tax evasion the australian police had arrested larry on behalf of the us government eventually they larry down to a jail in downtown sydney where he meets his cellmate he's a guy with a scar and aside from a bullet wound larry tells him i'm in for tax evasion summit says i'm in for robbing banks there's like neek but never met a bank robber for my life so i said well how do you rob a bank guy says here's how i do it the trick robin bank first of all you need three people you need one guy to drive the car one guy to maintain the door control traffic coming out and one guy me i'm the jumper iranian i swear i jump over the counter grab all the money and run out you got to do it in two and a half minutes if you don't have anything to and half minutes gotta leave because that's the copper response time is about three and a half minute gets out on bail after a few days the us government is trying to extradite him so they can actually get him into a courtroom in the united states but lies like i'm not done yet he hires a local lawyer to help him fight extradition if you're the irs larry is an enormous pain because he's this.

larry irs australia sydney larry williams united states
"irs" Discussed on Planet Money

Planet Money

01:31 min | 3 years ago

"irs" Discussed on Planet Money

"Support for planet money and the following message come from td ameritrade like the economy investing can seem complicated until it's explained in simpler terms that's how td ameritrade approaches investing by learning more about you and your goals before crafting a plan it's that simple to schedule a complimentary goal planning session today visit td ameritrade dot com slash podcast fifty years ago this week to civil rights leaders were killed one you know dr martin luther king junior and one you may not this week on coats which the final days of the lives of two men devoted to fighting for justice find it on npr one or wherever you get your podcasts we reached out to the irs they declined to comment on larry's case but you can imagine things from their side maybe the first year larry doesn't file as taxes they don't notice there's a lot of people filing taxes he's just one return among millions but then he does it the next year and the year after that if you're the irs you're like wait i see what's going on here dear larry williams then the irs starts writing letters and of course jim would write letters back to their letters and jim south not a problem and then then the battle really began the irs started taking money out of his bank account legal arguments back and forth his lawyer jim saying don't worry don't worry we got this and then jim died out of the blue.

irs larry dr martin luther npr larry williams jim south fifty years
"irs" Discussed on KBOI 670AM

KBOI 670AM

01:58 min | 3 years ago

"irs" Discussed on KBOI 670AM

"Irs here's a beautiful place date while last year oh darlene are you we would have all had we earned enough mother had we've been able to cheap enough of our money to do so signed bite me silk you don't why away that you know it repeals the deduction for tax preparation section ii keno seven would be because they're gonna he'll deduction for tax preparation expenses yet and that's why i think except for the you know can conditional on the property taxes and charitable all the other individual deductions are gone everything's gone at all by the way that includes the electric vehicle tax credit yet actually on the cash donations that allows you to on before not for charity that actually allows uh a higher limit for those so uncharitable deductions it's it's a little bit more was our limit uh i don't know what the that's actually what i was trying to find when we were uh during the time the our which is why which is how i got to to this point but as i because i i was i was was thing i think yeah there's there's a limit i don't know what it is i was going to give to the you know donna brazile retirement fund that i braff uh she'll need it uh the yes so i when they were they said everything's does that mean for example you know how you do projects around your house that supposed to make it you know ba insulation or whatever right right are are they all gone i had not seen under on up to that point yet for what i know every everything has gone uh the it would eliminate the electric vehicle tax credit of seventy five hundred that would be gone under this and i.

Irs darlene property taxes tax credit donna brazile
"irs" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

01:58 min | 3 years ago

"irs" Discussed on Let's Talk Bitcoin!

"It says that the ira should use this john doe of procedure when facts are known to the irs that are of such a nature as to be reasonably suggestive of the possibility that the corrects tax liability with respect to that transaction may not have been reported clearly the iris doesn't have any specific knowledge here at certain choline base customers are not reporting the correct tax liability it's just grasping at straws it has not offered any facts to suggest that this possibility exists and that's why we are so adamant in opposing their enforcement predicts how should the us ensure that people are paying their taxes on cryptocurrency what would you think is a reasonable solution for them i think a reasonable solution would be to have the the companies such as coin base gemena i other exchanges and other businesses they're involved with potentially tax incurring cryptocurrency transactions to have to provide the same records to the irs that that that investment adviser for example have to provide you know i have an account for example with merrill lynch i get copies of the appropriate tax reporting documents from merrill lynch and those are provided to the irs right now the ira's doesn't have the same requirements for cryptocurrency exchanges so i think the onus is on the irs to promulgate the necessary regulations that allow it to get the information that it needs rather than preceding by summons when there's absolutely no basis for doing so it's it's you know it's sort of the interplay between the government and privacy under the irs summons procedure unless the government shows it as a basis suggesting taxavoidance it can invade the privacy of us taxpayers why don't they do that.

john doe irs merrill lynch ira
"irs" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

02:06 min | 3 years ago

"irs" Discussed on Let's Talk Bitcoin!

"Announcing for the product case effectively asking troll all the money itself i mean netflix shows a total lack of understanding of blood trade based as it sounds like they have no idea what the talking about i think that's generally correct one of the arguments we made and you know i don't know if you're aware of this but the irs has been packed previously and obviously if hackers new at the irs had private keys for millions of choline base users the irs would be a prime target for that and the irs has not indicated that it has any ability to protect itself from future hack similar to the one that it was already a victim it sounds like this is a complete jug today to be honest well i can offer comment as to whether it's a complete joke but i i will say this is an unprecedented use of the john doe summons procedure the purpose as outlined by the us congress of the john though summons procedure is where the irs has identified specific taxavoidance and it just can identify the potential taxpayers who've engaged in that illicit conduct and perhaps the most typical use of the john doe some procedure is when the irs determines at a law firm or a company is promoting illegal tax shelter when the irs learns that they don't know who the law firms clients are with the company's clients are but they know for a fact that there are taxpayers who are using illegal tax shelters so the only way that they can identify the users of these illegal tax shelters are to issue this type of john doe summons to the law firm or the company and asked them to identify their clients in contrast there's nothing inherently illegal about someone who buys and sells virtual currency that's why i find this summons so offensive and why i think that this is a clear example of massive government overreaching now this effectively equates the use of cryptocurrency two text.

netflix irs us law firms john doe congress