4 Burst results for "Steve Privilege"

"steve privilege" Discussed on KCRW

KCRW

06:34 min | 1 year ago

"steve privilege" Discussed on KCRW

"Thank you so much. Thanks, Steve Privilege. We appreciate the time Happy Thanksgiving to you and to you. Well, you heard the good doctors say what His plans are for Thanksgiving, and he's gonna be working in the ER. What about you? Are you working? Or maybe you're thinking about gathering with other people in a very different year. We asked, And we got a lot of responses. And I'm joined now by our managing producer, Christian board all Hey, Christian. Hey, that Steve and you followed up with a few of the folks who did respond to us about what VOCs are doing for Thanksgiving. I did, and I have to say I feel so thankful. I ended up having these great conversations with three really Interesting women living in different parts of L. A. Hannibal Nagy is a chef. She's a single mom with a 10 year old boy. She's originally from Amarillo, Texas. She has three sisters all living in L. A so everyone could normally get together on Thanksgiving at one of the sisters houses, but not this year. Like every single holiday this year birthdays in all the major holidays and stuff. We just basically do zoom dinner parties. So for Thanksgiving. What we're doing is we're just like Each of us are making like our family recipes, but in everybody, and they kind of doing like a door drop to trade him off. Yes. Oh, she's a chef. So I asked her what she's making. I can get a menu. Uh, well, I'm making for everybody isn't doing lobster disc and believe me baked brie side of range Turkey. Mashed potatoes with whiskey, Jim what gravy and then something special cream puffs. Oh, man, I want to go to her place for Thanksgiving, Right? Yes, Me too. And my sisters are doing like the like leaving a cheesy rice casserole that our mom used to make us and we were all kind of crazy. I thought Comfort childhood dishes, So they're all making goes and our mom's been getting very pissed. Getting emails everybody asking for those recipes because she's mad that we're not coming to see them. But, yeah, They were considering going to Amarillo to spend Thanksgiving with their parents. But my hometown is definitely a Hossam. Like what? They were in the news that Coronaviruses going up. Children are getting sick and had a kindergartner diet couple weeks ago, so it's like sorry we thought about it. We can't Yeah, she says. There's a pretty different attitude to the pandemic in Amarillo. So it's going to be her and her son for Thanksgiving and the rest of the holidays, But she's doing her best to plan some nice stuff for them. Yeah, find a way to make the best of it, regardless of what's going on. Obviously, some bad things going on. Yeah, that's that's kind of a theme going on here. Pan. Luis Nunez lives in Torrance with her husband. She's a therapist. She monitors people's mental health and substance abuse treatment for an insurance company. And this year she and her husband having a very different Thanksgiving than they usually do. I love Thanksgiving. It's actually one of my favorite holidays. And I mean for me, it really means getting together with family and having fun. Um, and my husband's really big Argentinean family. They're just very loud and fun and happy, and we have a really super fun time. So it's on the one hand disappointing, But on the other hand, I think We're creating something different and special and so for me, I just feel like what's a few more months of staying home and being careful. I think it's just worth it. But unlike Hannah, the chef we just heard from Pam and husband won't be doing much cooking. We actually ordered food because we've never had to make Thanksgiving before, so we ordered it. And, Yeah, we started looking it up and we were like, we're completely not equipped to make dinner. So we ordered it which I'm sure a lot of people do as well, Christian. I mean, you mentioned that she's a therapist. I bet the pandemic has been keeping her really busy, right? It really has. My work has increased significantly. There are astronomical rates of people seeking substance abuse, treatment and mental health treatment. Previously, I would probably talk to somebody who was feeling suicidal. And honestly, not very often, maybe once a month, and now it's happening several times per week. I'm having to call 911 frequently and that, as you might imagine, Starts taking its toll. It's been very stressful, but I just have to really practice more self care. And we had decided early a couple months ago to adopt two dogs that keep me company and at home, and I take breaks and take them for a little walks. And so I've just had to really practice the coping skills that I know is a therapist. That helped me stay sane Right now. I love that She's adopted a couple of dogs and that they're keeping her company and helping her. And I'll deal with the stress and deal with the I mean just how bad it is and and enjoy the holidays at some level. Yeah, absolutely. And, coincidentally, she's not the only person dealing with a covert stressful job. Michelle someone who prefers to use just a first name because she's a social worker who sometimes works in jails and an emergency room at the hospital. She's married with kids. She lives in the San Gabriel Valley. And normally, she says they would be seeing her and her husband's families for Thanksgiving. There will normally be a very large event with my husband's family in a smaller event, but still an event with multiple individuals up at my parents home, which is about an hour away, eh? So we try to do both. Um, and for the time being, it does seem like both events are kind of Going on as normal going on his normal, which I'm sure a lot of folks are trying to do so. So both her family and her in laws will beginning together as usual for Big Thanksgiving celebrations. Right, And she's not comfortable with that. But she has found a creative way to get out of joining them without offending anyone. She's signed on to work the Thanksgiving Day shift at the hospital. In light of the pandemic this year, I You know, I really wanted an opportunity. Not only Tonto, help the medical teams that I work with and really help support them..

Amarillo Steve Privilege producer Luis Nunez L. A. Hannibal Nagy Texas Torrance Coronaviruses Michelle San Gabriel Valley Hannah Pam
"steve privilege" Discussed on Practical Tax with Steve Moskowitz

Practical Tax with Steve Moskowitz

04:50 min | 3 years ago

"steve privilege" Discussed on Practical Tax with Steve Moskowitz

"Lot of people say, but I only have an accountant, but I want a second opinion. There can be a huge difference between an accountant and attorney I started my career as a practicing CPA. And the sole reason I went to law school was become a tax attorney because I knew as a practicing CPA. There was so many things that I couldn't do for client. And I wanted to be able to do more things for him. Do it all including representation and task court and many other things not to mention the privileges. That only in attorney has I'm talking about attorney client privilege where if you come in. And you tell me your secrets by law. It remains a secret. If you tell them to anybody else say a CPA, the IRS can get that information from the CPA APA testify against you Steve privileges in. Factor. But I also I really enjoy as a practitioner, I'm now, I'm not a CPA. I love CPA's. I love our CPA's. I love other CPA's I need them. Right. Because it provides such a great tension between practice of tax off, the CPA tax preparation tax positions. And I think really ultimately it gets the best result for the client. Having this debate going back and forth whittling down issued and finding out what your clients risk position really is. And how they wanna proceed I think everybody should have both. It's worth fortunate. We have both here. I have a lawyer client that had CPI that was doing the returns, and they were getting K ones based on a they're retired partnership retirement agreement, and you know, the question arose, and maybe because they were lawyers. You know, they were a little bit more into the definitions of the law, and what might be what should be self employment tax, and what should not be or subject vica, and ultimately were able to advise them that maybe this shouldn't be subject vica based on their review of their at their review their documents, and what top end, and they're working positions and or non-working positions. So that was interesting. It saved them a lot of money and just going through the returns, we just happened to find a couple minor things. I can AMT credit or some depreciation that been missed, but I thought that was kind of a routine second review, I think that's interesting for clients that might be considering big tax positions. And what that really means to their find out books and their business operations and going through that. So if they're going to invest in pension invest in some. An insurance physician or something like that which is certainly provided within the tax code. What does that mean to their ongoing business? What does that mean to documentation ongoing tax transactions things like that? Those opinions or so important, for example as mentioned pensions. Most people are familiar with the common pensions, they get in the Bank. But there's many different types of pensions. If you're otherwise qualify, you can have multiple pensions. And there are a lot of pensions at business people can have where they individually can deduct hundreds of thousands of dollars or more every year for themselves and also with pensions, there's even a cashflow benefit. It's the only deduction where most things you have to go ahead and spend the money by twelve thirty one year one with pension. You have up to the time of filing the return plus extension in year two so essentially three-quarters away into year two you put some money in pension, you deduct in your one, it's fantastic. And they have a lot of other benefits to whether or not you have an accountant, I take a collaborative approach, especially when I know they that Allah g and I feel that they're the competency is there and that there's no breach of my ethics to continue the relationship either with accountant or to the client to. Provide this kind of global comprehensive service. I also think it's important when there's a new business or a partnership, for instance, you count might not be up with do we need to modify the partnership agreement, you know, to keep up with the laws. Do we need to do that? These are the little things that we can add when it comes to developing the pension strategy developing the business strategy in terms of what's going to be compliant with the on.

attorney Steve Moskowitz accountant CPA Moskowitz LLP Liz sprain IRS LLP Texas advisor Turney advertising APA Bank twelve thirty one year three-quarters
"steve privilege" Discussed on Practical Tax with Steve Moskowitz

Practical Tax with Steve Moskowitz

04:50 min | 3 years ago

"steve privilege" Discussed on Practical Tax with Steve Moskowitz

"So my account just retired good him where do I go? What do I do? Now. You're listening to practical tax with tax attorney, Steve Moskowitz. Catch attorney Steve Moskowitz with longtime Moskowitz associate tax attorney, Liz sprain. And a lot of people say, but I only have an accountant, but I want a second opinion. There can be a huge difference between an accountant and attorney I started my career as a practicing CPA. And the sole reason I went to law school was become a tax attorney because I knew as a practicing CPA. There was so many things that I couldn't do for client. And I wanted to be able to do more things for him. Do it all including representation and task court and many other things not to mention the privileges. That only in attorney has I'm talking about attorney client privilege where if you come in. And you tell me your secrets by law. It remains a secret. If you tell them to anybody else say a CPA, the IRS can get that information from the CPA APA testify against you Steve privileges in. Factor. But I also I really enjoy as a practitioner, I'm now, I'm not a CPA. I love CPA's. I love our CPA's. I love other CPA's I need them. Right. Because it provides such a great tension between practice of tax off, the CPA tax preparation tax positions. And I think really ultimately it gets the best result for the client. Having this debate going back and forth whittling down issued and finding out what your clients risk position really is. And how they wanna proceed I think everybody should have both. It's worth fortunate. We have both here. I have a lawyer client that had CPI that was doing the returns, and they were getting K ones based on a they're retired partnership retirement agreement, and you know, the question arose, and maybe because they were lawyers. You know, they were a little bit more into the definitions of the law, and what might be what should be self employment tax, and what should not be or subject vica, and ultimately were able to advise them that maybe this shouldn't be subject vica based on their review of their at their review their documents, and what top end, and they're working positions and or non-working positions. So that was interesting. It saved them a lot of money and just going through the returns, we just happened to find a couple minor things. I can AMT credit or some depreciation that been missed, but I thought that was kind of a routine second review, I think that's interesting for clients that might be considering big tax positions. And what that really means to their find out books and their business operations and going through that. So if they're going to invest in pension invest in some. An insurance physician or something like that which is certainly provided within the tax code. What does that mean to their ongoing business? What does that mean to documentation ongoing tax transactions things like that? Those opinions or so important, for example as mentioned pensions. Most people are familiar with the common pensions, they get in the Bank. But there's many different types of pensions. If you're otherwise qualify, you can have multiple pensions. And there are a lot of pensions at business people can have where they individually can deduct hundreds of thousands of dollars or more every year for themselves and also with pensions, there's even a cashflow benefit. It's the only deduction where most things you have to go ahead and spend the money by twelve thirty one year one with pension. You have up to the time of filing the return plus extension in year two so essentially three-quarters away into year two you put some money in pension, you deduct in your one, it's fantastic. And they have a lot of other benefits to whether or not you have an accountant, I take a collaborative approach, especially when I know they that Allah g and I feel that they're the competency is there and that there's no breach of my ethics to continue the relationship either with accountant or to the client to. Provide this kind of global comprehensive service. I also think it's important when there's a new business or a partnership, for instance, you count might not be up with do we need to modify the partnership agreement, you know, to keep up with the laws. Do we need to do that? These are the little things that we can add when it comes to developing the pension strategy developing the business strategy in terms of what's going to be compliant with the on. Listening to practical tax with tax attorney Steve Moskowitz to hear more podcasts. Go to Moskowitz LLP dot com. Information contained in this podcast, if based on information available as of the date of its release mosque with LLP, an is an accountant enough is under no obligation to update this information. Exchanges occurred, plying this information to your specific situation requires careful consideration of all factors, which may be applicable and any information as not to be considered Texas vice or legal advice further this is a Turney advertising and the factual and legal circumstances described are dependent on the facts of that particular case individual case results will differ based on different facts, law and other factors. Please consult your tax advisor before acting on any matters discussed.

attorney Steve Moskowitz accountant CPA Moskowitz LLP Liz sprain IRS LLP Texas advisor Turney advertising APA Bank twelve thirty one year three-quarters
Is An Accountant Enough?

Practical Tax with Steve Moskowitz

03:54 min | 3 years ago

Is An Accountant Enough?

"Lot of people say, but I only have an accountant, but I want a second opinion. There can be a huge difference between an accountant and attorney I started my career as a practicing CPA. And the sole reason I went to law school was become a tax attorney because I knew as a practicing CPA. There was so many things that I couldn't do for client. And I wanted to be able to do more things for him. Do it all including representation and task court and many other things not to mention the privileges. That only in attorney has I'm talking about attorney client privilege where if you come in. And you tell me your secrets by law. It remains a secret. If you tell them to anybody else say a CPA, the IRS can get that information from the CPA APA testify against you Steve privileges in. Factor. But I also I really enjoy as a practitioner, I'm now, I'm not a CPA. I love CPA's. I love our CPA's. I love other CPA's I need them. Right. Because it provides such a great tension between practice of tax off, the CPA tax preparation tax positions. And I think really ultimately it gets the best result for the client. Having this debate going back and forth whittling down issued and finding out what your clients risk position really is. And how they wanna proceed I think everybody should have both. It's worth fortunate. We have both here. I have a lawyer client that had CPI that was doing the returns, and they were getting K ones based on a they're retired partnership retirement agreement, and you know, the question arose, and maybe because they were lawyers. You know, they were a little bit more into the definitions of the law, and what might be what should be self employment tax, and what should not be or subject vica, and ultimately were able to advise them that maybe this shouldn't be subject vica based on their review of their at their review their documents, and what top end, and they're working positions and or non-working positions. So that was interesting. It saved them a lot of money and just going through the returns, we just happened to find a couple minor things. I can AMT credit or some depreciation that been missed, but I thought that was kind of a routine second review, I think that's interesting for clients that might be considering big tax positions. And what that really means to their find out books and their business operations and going through that. So if they're going to invest in pension invest in some. An insurance physician or something like that which is certainly provided within the tax code. What does that mean to their ongoing business? What does that mean to documentation ongoing tax transactions things like that? Those opinions or so important, for example as mentioned pensions. Most people are familiar with the common pensions, they get in the Bank. But there's many different types of pensions. If you're otherwise qualify, you can have multiple pensions. And there are a lot of pensions at business people can have where they individually can deduct hundreds of thousands of dollars or more every year for themselves and also with pensions, there's even a cashflow benefit. It's the only deduction where most things you have to go ahead and spend the money by twelve thirty one year one with pension. You have up to the time of filing the return plus extension in year two so essentially three-quarters away into year two you put some money in pension, you deduct in your one, it's fantastic. And they have a lot of other benefits to whether or not you have an accountant, I take a collaborative approach, especially when I know they that Allah g and I feel that they're the competency is there and that there's no breach of my ethics to continue the relationship either with accountant or to the client to. Provide this kind of global comprehensive service. I also think it's important when there's a new business or a partnership, for instance, you count might not be up with do we need to modify the partnership agreement, you know, to keep up with the laws. Do we need to do that? These are the little things that we can add when it comes to developing the pension strategy developing the business strategy in terms of what's going to be compliant with the on.

Accountant Attorney CPA IRS Steve APA Bank Twelve Thirty One Year Three-Quarters