20 Burst results for "Tax Adviser"

IRS Budget Cuts, Staffing Challenges Create Coronavirus Payment Headaches

NPR's Business Story of the Day

03:33 min | 4 months ago

IRS Budget Cuts, Staffing Challenges Create Coronavirus Payment Headaches

"Cash payments delivered by the IRS through direct deposit to millions of people over the next few weeks. That's the goal Treasury Secretary Steven Mnuchin set last week at the White House. It is a very large priority. The president has made clear. We want to get this money quickly into your hands. Most experts say as many as sixty million people who already have bank information at the IRS may get those payments quickly but that is a fraction of the one hundred and fifty million individual returns the IRS projects will be filed this year not to mention people who get social security income or the people who don't normally file taxes. They'll be looking for their checks to and that has warmer. Irs Commissioner Mark Iverson very concerned. So there's a dearth of people who are qualified to do the work and they're overworked Iverson. Who's now vice of the business tax advisor? Alliant group says Congress is largely to blame they cut the IRS budgets by roughly twenty percent over the last decade technology investments. Hiring and training have all fallen behind that is a serious problem as the IRS prepares for a flood of New Bank and personal information from people trying to get their money. I am worried that if the IRS tries to do too much too quickly you could have a major data breach Nina who served eighteen years as the irs internal watchdog known as the taxpayer advocate says customers are also feeling the cuts. Some of. What's the cutting floor. Is Quality Taxpayer Service Right now? Phone Lines are overloaded and the IRS Corona Virus website warns quote. Do not call check back for updates. They say most people don't need to do anything. And there's a new website on the way to update your information but Olsen says many elderly and low income people don't have Internet access and need to call. What if they moved or got a refund on a prepaid debit card that expired? What if a bank account closed Olsen says people have a lot of questions and that is really a problem when you are paying out money to people in a crisis situation where people already anxious and it could be a matter of life or death of an individual or Business Lloyd dog at the top Democrat on the committee that oversees tax issues blames Congressional Republicans for cutting the IRS budget particularly after a political scandal in twenty thirteen. They don't like the. Irs is great campaign whipping boy so our S. is underfunded to assure that it cannot fulfill its job in a appropriate way Ohio Republican Jim Jordan led the criticism of the irs over scandal involving the targeting of groups applying for nonprofit status Jordan says the cuts were necessary because the agency wasn't playing fair. And then coming in asking for more taxpayer. Dollars is like really the the that that just not gonNA fly. Some funding was restored to help execute the GOP led tax cuts twenty eighteen and Jordan says the IRS is doing just fine now. I think they can handle the job. Now if they can't and were willing to to look at the evidence and and hear him out the IRS has been stretched even further by the Corona Virus and IRS spokesman did not address the budget cuts but says most workers are on the job and the virus won't impact their ability to get the payments out given all the challenges. Iverson and Olsen say fully resolving the payments may take until next year for. Now they say. Follow the agency's

IRS Mark Iverson Jim Jordan Olsen President Trump Steven Mnuchin White House Advisor New Bank Alliant Group Commissioner Nina GOP Congress Business Lloyd Ohio
"tax adviser" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

02:43 min | 5 months ago

"tax adviser" Discussed on WCBS Newsradio 880

"Eight Wednesday still a pretty good day Thursday will be partly sunny with a high of fifty three forty seven degrees in Central Park W. CBS news time five twenty to prevent crowds from gathering pope Francis will be live streaming his next you Sunday blessings CBS news reporter and I'm trying to the Vatican has announced that pope Francis will not appear from his window to speak to the faithful on Sunday normally take part in the Wednesday general audience these are both big weekly events that see thousands of faithful gather in St Peter's square to see the pope in person instead both of these events will be held without public participation will be live streamed on the internet and also shown on large screens on St Peter's square at the Vatican confirmed its first case of the coronavirus yesterday there's one good bit of economic news in the wake of the corona virus according to new York one with many American companies no longer able to get goods from factories in China they're now turning to manufacturers in the garment district George could be easy and a partner at case and why she was making all kinds of bags for four decades says he's had orders from at least a dozen companies that normally would have been done overseas he says it's like the early eighties all over again even those sponsors sterling National Bank is dropped out the state parks department says the independence day fireworks at Jones beach state park will go on as usual they're actively seeking a sponsor since the bank's contribution of sixty five thousand dollars per show covered a significant amount of the cost after eighteen years of being closed in the wake of nine eleven the road over the Canseco Daman Valhalla could be re opening Westchester county executive George Latimer spoke to CBS two we believe we can accomplish both goals which is to ensure the security of the dam and and as well open up the traffic process that is essential for emergency services are we think as well for the general population before the road was closed it carried about six thousand people a day coming up on five twenty two which means it's time for the healthy and happy pet report with doctor Elizabeth Cohen this is tax season and if you fostered any pets are took care of any feral cats you could possibly write those expenses off is a charitable contribution deduction whenever a homeless pet is fostered the owner of that pet is the charitable organization as long as the pet organization has maintained good standing with the IRS as a qualified by the one non profit any money out of your pocket to care for the homeless pet would be a legitimate deduction for you save receipts itemize all expenses you paid to take care of the homeless Pat and you could get credit on your taxes the cost that you'd be able to deduct include veterinary expenses pet supplies medication and household cleaning good specific but the care the foster pet it's always a good idea to have a written acknowledgement from the charitable organization before taking any deductions always consult with your tax advisor helping to care for a homeless pet.

"tax adviser" Discussed on KDWN 720AM

KDWN 720AM

01:31 min | 6 months ago

"tax adviser" Discussed on KDWN 720AM

"Tax advice why is a critical for your CPA or tax advisor work closely with your financial adviser if I had a nickel for every time someone came in and I asked him but who who they were but visor is and who the CPA is us that they had they talk every year at all they they do you know each other see this is worrisome because they should be talking they should be a team we should have the team approach we act like you're Durst chief financial officer and we bring in the team of CPA's an estate planning attorney to make sure the complete that magic triangle in finance what folks if you are curious about where you are right now if if you're not really sure that you're a hundred percent going where you thought you were going or you're not he got that little tingling feeling that maybe you just want a second opinion sleeve will do that for the next twenty people call it the golden ticket right here's a thousand dollar value also don't tell your number one if everything's fine going to tell you that if things need to be adjusted will tell you that the things to be totally redesigned or if you need to plan for the first time will tell you that will build it for you at no cost or obligation will also give you a copy of that book the seven baby steps and I'll give you a copy that box at the five keys to success for retirement and speed this is America's for one case so we have the four one case survival box set that's another three hundred Ave is good DVDs workbook guidebooks all about the four one K. we can even help you decide we should be in the options in your current for what Katie kick it out we'll do that for the next twenty people call this is at least a thousand dollar face people got away for free for the next twenty people call right now sounds fantastic coach folks that you need to sit down get a retirement road that put together let coach Pete in the team began to translate for you all.

chief financial officer attorney America Katie Pete advisor Durst
Trump sends scorching letter to Pelosi

America in the Morning

01:56 min | 8 months ago

Trump sends scorching letter to Pelosi

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Advisor Walmart Heather Benz Isaac Isaac Longley Longley Five Percent Zero Percent Twenty Five Thousand Dollar Twenty Five Dollar Fifty Dollars
"tax adviser" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

04:34 min | 1 year ago

"tax adviser" Discussed on NewsRadio 1080 KRLD

"Dustin rufus. He is a tax advisor. He's located out side of Salt Lake City a little bit. Dustin is with insight tax and accounting, his top three hated groups are Satan, the IRS and underwriters of loan Dustin. How are you today? I'm doing well, thanks for having me on. I appreciate it. Absolutely love to have you on. So before we go any further. Why don't you just real quick? Give a short commercial, if you will on insight tax and accounting, you and your firm and what you can offer people what you do for clients. We like to be involved with our clients. We'd like to partner with them in their businesses and their investments to make sure that they keep the most dollars that they can, you know, does not couldn't agree with you more a big fan of everybody paying their fair share. But if the United States government is going to put something into the code into law is going to give people incentive to be able to offset income. Why wouldn't they do it? That's what I always ask people. Why not if you can find a structure to do that, to me, one of the hidden gems, if not the hidden Jim is bonus depreciation. Yeah, you're, you're right appreciation. And when we're talking depreciation what that is, is. It's taking the cost of some asset and writing it off over a period of time. So the IRS has has certain set time, periods and limits and qualifications, and a whole bunch of things that, that detail out how long you have to write off an asset. But what, what was included in tax reform was the ability to one hundred one hundred percent expense in item in the year. It is placed in service. So the tax reform law made gave a provision that says that qualified assets placed in service prior to January one twenty twenty three can be one hundred percent expense in the year there placed in service. And that expensing can create a loss. So what ends up happening is now we almost get the best of both worlds spilled rules that allowed us to expense a lot. But then the new rule which allows us to take it take that expensing and create a loss to offset all other income would kind of have a little bit of a time crunch in this, and that it's only good until January twenty January first twenty twenty three so it's really through the twenty twenty two year that taxpayers can really utilize and take advantage of this new caveat in the tax reform law. Let's talk about this for a minute so app is, you know, as you know, we invest in infrastructure water for the oil patch pipeline equipment. So we were able to take advantage of some bonus depreciation as well in our investors and last year for every dollar invested. They got about ninety four cents and offset income. And so that was substantial. I mean forever hundred thousand vested. They got a ninety four thousand dollar offset and income talk a little bit about your experience and is that similar to what you guys have seen been able to do for your clients, whenever it came to utilizing bonus depreciation. So that is a great example of utilizing the new tax reform law that somebody or, or you're able to create this ninety four thousand dollar law with depreciation rules to offset somebody's hundred thousand dollar investment, the, the largest or the most pronounced example, that I have in my brain was a couple hundred thousand dollars of tax savings to him that the tax reform law allowed, and that was used by utilizing the most appreciation under the old tax rules. Correct. That. That that's using bonus depreciation under the new tax rules. Okay. He was able to create a law with that depreciation with that new with that depreciation under the new rules that otherwise wouldn't have been allowed in the past, and he took that law, and he used it to offset all.

Dustin rufus IRS Salt Lake City United States partner ninety four thousand dollar one hundred one hundred percen hundred thousand dollars hundred thousand dollar twenty twenty two year one hundred percent
New York, Connecticut Taxpayers Have Plan B Options to Beat SALT

Investing Sense

01:43 min | 1 year ago

New York, Connecticut Taxpayers Have Plan B Options to Beat SALT

"On as you probably know under the new tax law that took effect last year, you're not allowed to take an unlimited deduction for your property taxes or your state taxes. It's called salt state and local taxes. And there are narrow therefore about eleven million tax payers who are hit by this. Because you're limited in the amount of money. You're allowed to take a deduction and people who live in high property, tax states, New York, Connecticut, New Jersey, California, and others. They're incurring costs that they can no longer deduct. That's a bit of an issue. I want you to know that New York and Connecticut created rules to circle. Vent the cap that was put into place by Donald Trump's new tax law. The IRS is now considering rules that will invalidate New York's and Connecticut's efforts to avoid that cap. In other words, if you are trying to play the games offered by New York, and Connecticut and even the ones touted by New Jersey, it's probably not going to work. We've got the clash of the titans going on right now between the states and the federal government arguing over what is and is not deductible on your federal tax return in your state tax return. And I would recommend that you sit on the sidelines until you get all this figured out and coincident with the conversation. We just had with Paul for all the commentary you here on this program about taxes don't act on any of this info. Make sure you get the council of professional tax adviser before you do anything or not do anything regarding your own personal tax

New York Connecticut New Jersey Donald Trump Titans IRS Paul California
"tax adviser" Discussed on WRVA

WRVA

01:41 min | 1 year ago

"tax adviser" Discussed on WRVA

"Tax advisor. Richmond. TV our institute. From ABC news. I'm Daria Albinger, expect a not guilty plea for Roger stone, President Trump's longtime friend and close advisor will be arraigned soon on charges stemming from the Russian investigation documents allege stone threaten witnesses calling one Iraq and sending an Email writing. Let's get it on prepare to die stone offering this explanation. I do have a million emails. They have been reported many of them taking out of context in this indictment. But there is nothing to find Muller claims. Stone was directed by a high level Trump campaign official a charge. He denied ABC's Tara Palmeri at the White House. It's back to work tomorrow for many federal workers who had been off the job while the government shutdown Florida Republican Senator Marco Rubio on NBC's meet the press is the White House needs a new tactic. Hopefully, it teaches everyone that shutdowns are not good leverage in any negotiation. President Trump says another shutdown Orna -mergency declaration could happen though of congress doesn't hand him acceptable legislation for a border wall. Another democrat. Making it efficient running to be president of the people by the people and for all people. California. Senator Kamala Harris at a rally in her hometown of Oakland officials in Brazil now confirming a dam break has killed at least fifty eight people. Search for survivors was suspended for several hours over fears. A second dam was at risk of a breach.

Roger stone President Trump Senator Kamala Harris advisor Senator Marco Rubio White House ABC Richmond president Daria Albinger Tara Palmeri Muller Iraq Oakland NBC government Brazil congress California
"tax adviser" Discussed on WGN Radio

WGN Radio

02:23 min | 2 years ago

"tax adviser" Discussed on WGN Radio

"Kroger is looking to take a big bite out of the online grocery market is buying chicago based meal kit seller home chef for about two hundred million dollars the company may pay an additional five hundred million over five years if sales reach certain milestones kroger plans to put a home chef kits in its supermarkets kroger by the way the parent company of marian on in the chicago area it is thought later thursday janice is here he's the president of financial planning planet financial practice it whitney'll and associated so philly and i should say of associated bank this morning's conversations going to focus on finding the right financial advisor and other topics wayne good morning welcome back to the opening bell good morning how are you i wanna talk we want to have kind of a deep dive today on financial and tax advisers and since you're the expert we want to figure out what's right for us what are the definitions what are the titles what we can expect so why don't we begin to severi basic question about financial and tax advisers what are they are they different hardly descent financial and tax advisor there's a two for two different things financial advisers one tax advisor or something else but if you're talking about a firms that have people that are both like i consider myself both i'm a cpa with a master's in tax degree had also give financial planning base but a financial planner and his schooled in in the the criteria being a certified financial planner what are they do they help people to navigate their way through all of the financial issues as they as they move through life when they're graduating college and get jobs and they they need help when get married they have chosen what do they do i mean what kind of insurance or they have and as they go through marriage the difficulties should you have a prenuptial agreement should i marry a person that's kind of three hundred thousand dollars student loan how's that can affect my ability to ever own a house have changed jobs and what does it mean people oftentimes when they change jobs don't realize what they've given up because if they have a.

Kroger chicago janice president advisor whitney philly wayne three hundred thousand dollars two hundred million dollars five years
"tax adviser" Discussed on The Last Word with Lawrence O'Donnell

The Last Word with Lawrence O'Donnell

02:02 min | 2 years ago

"tax adviser" Discussed on The Last Word with Lawrence O'Donnell

"Amazon is actually helping to subsidize the public's use of the postal service an amazon pays state sales taxes in every state that has sales taxes something else that donald trump has been lying about for days now and apparently in the process helping to drive the emma's on stock price down the founder and biggest owner of amazon's jeff bezos is of course the owner of the washington post newspaper that reports on donald trump accurately and therefore is an unbearable torture for donald trump to be subjected to joining us now is near tendon president of the center for american progress and run claim is still with us and nearly feel free to pick any one of those from the menu of today's rants by the president who is now calling himself his own best advisor given that many of the advisors have left the building i mean the one i would really point to and i think we'll see more of it is his language around immigration and the just sort of made up fantasy that he can call the mill tary but i do think called the military to enforce the border i do think this goes to a key issue which is i think he recognizes that the fact that a republican congress did not pay for the wall means that one of his core promises to his base is never going to happen and so he's going to talk about other plans and he's going to threaten mexico to pay for the wall is going to continually talk about other things but the end of the day i think it's really important the democrats remind trump voters this core promise he made could not even be delivered on win the republicans control the other side of pennsylvania avenue in means that will never happen then that he lied to them like he lied on so many other issues he combines the with with a lie about what happened in the budget bill where there was a billion.

Amazon donald trump founder jeff bezos president advisor congress mexico washington post mill
"tax adviser" Discussed on Freedom Fast Lane with Ryan Daniel Moran

Freedom Fast Lane with Ryan Daniel Moran

02:08 min | 2 years ago

"tax adviser" Discussed on Freedom Fast Lane with Ryan Daniel Moran

"Sibling point together some trainings and some workshops specifically about where to put your capital in order to have the most longterm growth in fact we're working on a capitalism fund which you might hear me talk about coming down the road so for now enjoy this broadcast of the investor panel from the capitals and conference and make sure that your subscribe to the podcast because we've done some individual podcast with some of of these experts in past up assode so enjoy this from the capitalism conference all right let's start with tom could we go down and do thirty to sixty seconds on your background and what your specialty is sure so tom wheelwright background i spent several years with ernst and young glinting three in their national tax office fourteen years as an adjunct professor at arizona state university masters of tax program and four years as inhouse tax advice for fortune five hundred company so my specially would be taxed the last twenty five years i have international cpa firm based out of phoenix arizona that goes by the name of pro vision and in thirty seconds or less one is the number one way to pay less taxes get a better tax advisor awry ten words or less kent clove air my specialty let's start there as real estate investing specifically single family homes my company goes up and buys single family homes in dallas houston little rock oklahoma city and memphis tennessee we buy these homes turn around and we have these homes and put in these homes and sell them as performing assets to investors all over the country we do this to the tune of roughly seven to nine hundred properties a year we currently manage about five thousand of these properties for passive investors from all over the world so we so people come to you when they want to invest in real estate but they don't want to do all that had come to me when they want the baby but they don't want the labor you got got.

ernst adjunct professor arizona dallas oklahoma city tennessee tom wheelwright arizona state university phoenix advisor houston memphis twenty five years fourteen years thirty seconds sixty seconds four years
"tax adviser" Discussed on KSFO-AM

KSFO-AM

01:46 min | 2 years ago

"tax adviser" Discussed on KSFO-AM

"Lower than last december thirty one which means you're not going to take enough money out because you're using it on a flawed market value so after i figure out what my average yes i just have to be sure that i take the minimum average from the 401 k l take the balance for though from the no no no no you have to do before when to calculations separate and distinct from everything else okay in other words mary you shouldn't be trying to do this on your own the likelihood you're going to get it right is miniscule you should rely on your tax advisor and financial advisor not only because we are more likely to get the number right more likely than you because were good at this we do this a lot and would practice makes perfect them you've never done it before we've done at thousands of times so not only are we more likely to get an accurate if we get it wrong we own that liability so if we make a mistake that causes you to undo her pay your taxes causing you to incur interest in penalties any selfrespecting legitimate financial or tax adviser will owned that liability in reimbursed declined for that whereas of you do it on your own and you make a mistake you're stuck with the consequences with the ira's accurate match you're a very welcome is just yet another reason we feel that you're better off working with financial professionals instead of trying to do this on your own besides it's incredibly dull and boring do you really want to be doing all that math no wasn't a rhetorical question mary thank you very much for the telephone call you know if you're enjoying the education information and advice you're getting here on the program you can do that in a full ninety minutes seminar as well the seminar is all based on a road trip 'cause you know where you are you know where you want to go but how you're going to get their technology is.

advisor ira ninety minutes 401 k
"tax adviser" Discussed on Talk Radio WPHT 1210

Talk Radio WPHT 1210

01:44 min | 2 years ago

"tax adviser" Discussed on Talk Radio WPHT 1210

"To do this on your own the likelihood you're going to get it right is miniscule you should rely on your tax advisor and financial advisor not only because we are more likely to get the number right more likely than you because we're good at this we do this alaatin would practice makes perfect him you've never done it before we've done at thousands of times so not only are we more likely to get an accurate if we get it wrong we own that liability so if we make a mistake that causes you to undo dear pay your taxes causing you to incur interest in penalties any selfrespecting legitimate financial or tax adviser will owned that liability and reimbursed declined for that whereas of you do it on your own and you make a mistake you're stuck with the consequences with the ira's accurate match you're a very welcome is just yet another reason we feel that you're better off working with financial professionals instead of trying to do this on your own besides it's incredibly dull and boring do you really want to be doing all that matters now can't wasn't a rhetorical question mary thank you very much for the telephone call you know if you're enjoying the education information advice you're getting here on the program you can do that in a full ninety minutes seminars well the seminar is all based on a road trip because you know where you are you know where you want to go but how are you going to get their technology is threatened jobs how do you know of your job is at risk and what to do about it and how to handle it longevity you know what that's a challenge because the longer you live the longer your money is going to need to last and as people are living longer longterm care becomes an increasing issue not just for the patient but also for the caregiver it's just fifteen dollars a person 25 a couple of you can register online at ric edelman dot com.

advisor ira fifteen dollars ninety minutes
"tax adviser" Discussed on BizTalk Radio

BizTalk Radio

01:35 min | 2 years ago

"tax adviser" Discussed on BizTalk Radio

"He gave he uses the name screening believed tax legislation would be passed before year end that would be retroactive for the 2017 tax year so he converted one hundred thousand dollars from his traditional ira to a roth ira in october 2017 in february 2018 training learns of the clarification shen issued by the irs after speaking with his tax adviser and learning that is marginal tax rate will be lower in twenty eight team he authorizes his investment manager to re characterized one hundred thousand dollar plus earnings to date from the conversion he did in october 2017 back to his traditional ira on february twelve these transactions will still need to be recorded on trees tax return but if done properly he will not incur any taxes from the conversion and subsequent re characters agent final he's training can convert reconvert the hundred thousand dollars back into his roth after march fourteen member you got that 30day hold period there now the hundred thousand dollars and taxable is taxable under the new tax rates resulting from the tax cuts in jobs act so again there's these using the arbitrage of lower tax rates in 20 18 than in twenty seven team example number two lionel five a friend by the name of lionel converted seventy thousand dollars from.

irs investment manager ira lionel hundred thousand dollars one hundred thousand dollars one hundred thousand dollar seventy thousand dollars 30day
"tax adviser" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:34 min | 2 years ago

"tax adviser" Discussed on Marketplace All-in-One

"This marketplace podcast is brought to you by visor ready to start in your taxes let the tax advisers adviser dot com optimize your tax return for a flat fee including year round advice keeping you ahead of the tax changes say fifty dollars when you file by getting started adviser dot com slash marketplace this marketplace podcast is brought to you by dell smallbusiness never slows down so dell's dedicated us based advisers are ready to help with tech solutions tailored to your business like finding the right dell pcs with intel core processors call 877buydell and connect with the dell advisor today there is of market indicator odd volatility in the news in recent turbulent days that's a bit like a chain saw a useful tool or in the wrong hands it instrument of mayhem i'm david brancaccio new york before we get to some people who really got clobbered by the sudden swings on financial markets in the last week note that markets are relatively calm this morning after the dow closed up two point three percent yesterday twenty two minutes into the trading dates mixed the dow up 75 points threetenths percent the sp 500 up to slightly appoint the nasdaq composite down twotenths of a percent now to who's to blame when the financial com turned is storm there is an important index of volatility calculated in chicago called the vicks and summer breathing fire on the vix people at what used to be called the chicago board options exchange a cboe official told the financial times today they're not the problem here let's understand this further by turning to george perks macro strategist at bespoke investment group.

advisor new york chicago official dell intel david brancaccio george twenty two minutes fifty dollars three percent
"tax adviser" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:13 min | 2 years ago

"tax adviser" Discussed on WNYC 93.9 FM

"Nine six nine two did you want to add anything more yes at one nap does it make sense deduce out this depends upon your individual circumstances because clients that pay the alternative minimum tax may not be able to see a benefit by prepaying these taxes before year end you have to crunch the numbers if you have a tax advisor call him or her they're expecting your phone call were inundated as i was waiting for you the last half hour in the green room i literally had thirty messages from my clock so k that's why we're here tell me what the most common question was from your clients today if you know so what you asked me chevy pay my estimated taxes i have a lot of clients that are selfemployed or which typical in new york city is a combination of selfemployed income in some w two income it's called the gig economy where people are going from job to job to job and they're asking me about this new tax deduction for selfemployed individuals and for llcs flow for did option the next question that i have is what should i just a general help just what should i do when a priority whose well what are you wanna tell those um people in the gig economy and other freelancers or selfemployed listeners so the biggest takeaway for the gig economy is especially if the people that are selfemployed is you're okay there was a rumor that most of the deductions would be eliminated it hasn't been for people that are working for other people they won't be able to take the einem ice adoptions anymore for on reimbursed business expenses however if you're worked for yourself you should be fine but as one caveat the ir that the tax bill eliminates the meals entertainment deduction starting in two thousand eighteen suffer a lot of our freelancers he more or less work out of a starbucks or their local favorite coffee shop who expense at five or ten dollars because of working there their meeting of clients they won't be able to take that deduction anymore that's the biggest blow far freelancers all kinds of things it looks to me that individuals have been able to deduct in the past as opposed to businesses being able to deduct um are going away uh for example if you let's a clerk clarify me on some of these but i think if you have.

alternative minimum tax advisor new york city starbucks chevy ten dollars
"tax adviser" Discussed on WLAC

WLAC

01:40 min | 2 years ago

"tax adviser" Discussed on WLAC

"Drive the car but more importantly across the table today i have one of our tax brains which is important because we're going to be discussing some of the new tax plan ideas and conversations go around so let's say good morning to kill in how you doing bud warning you know i'm a great you get your brain rawls stuff sale top of it you try so i'm sure i ever at everything there is to read but but whatever has been written half of it will change that's your eye we're talking about nothing nothing set in stone so everything we talk about today is up for change until is voted on and then it and they'll has not yet that's uh i don't think there's ever a level of permanence with the tax code until it's three years past well i was in a meeting with craig this week in one thing we talked about was was it a it's been in the last couple of years where they didn't get the final tax rules or whatever dawn into like januaryfebruary january of the next year yeah yeah so you know you people are getting their wto's or they're waiting for their k ones and everything and they're having everybody's was delayed and having to wait a year i mean as some centering on the high her that she and they had to pay one here they missed the deadline they all was right of injuries in penalties yeah i'm with you so killing my first question is can you as a tax adviser promise us that this will all be taken care of before the end of the year no catch putin even allow dean our new even suggest that that's going to happen the now i don't i.

craig wto putin dean three years
"tax adviser" Discussed on KKAT

KKAT

02:10 min | 3 years ago

"tax adviser" Discussed on KKAT

"Democratic lawmakers said his top tax advisers gary con treasury secretary steven mnuchin i mean the mnuchin both ariana flew individuals both liberal democrats from new york won't see their tax bills reduce both men nodded in agreement sources in the room told politico so this is a sop for the radical left the bernie sanders types elizabeth warren types and it won't work because already all over tv telling us that trump has proposed this tax cuts for the rich any screws the middle class they do this every single time every single time there's an effort made to allow you to keep more of your money in the government to keep its hand out of your pocket they did it with reagan they did it with bush they always do it this is a mantra to be expected but here's the point if you play the class warfare game becomes increasingly more difficult to fight the class warfare game now they want to compare this to reagan reagan didn't play the class warfare game he wasn't an economic populist nationalist he had spent decades in the public sector in the private sector as a private citizen and as a public official crisscrossing the country speaking the small groups and large groups speaking privately and of the tv cameras about capitalism about capitalism i hear people talk about economic growth we need economic growth why don't they defend capitalism why don't they object to class warfare propaganda we can't win that argument one and win that argument span americanism and capitalism when we're talking about tax cuts it's not about populism and progressivism it's not about class warfare it's about talking to all americans as human beings talking to all americans as individuals stop assigning them fictional organisational titles created by the internal revenue service stop.

treasury secretary new york politico bush official gary con steven mnuchin bernie sanders elizabeth warren reagan reagan
"tax adviser" Discussed on KKAT

KKAT

02:54 min | 3 years ago

"tax adviser" Discussed on KKAT

"Gone experience everybody is regarded as we end you day or so after that it goes eight jersey year you didn't file your taxes maybe you didn't have the money or didn't have your act together whatever it is what do you do bhagat unfiled tax is hanging out there steve moskowitz our tax adviser for years is with us and and steven it occurs to me this is a legal matter so if i haven't filed texas for years i really need a lawyer absolutely and remember what a lawyer and oil lawyer you get attorneyclient privilege so whatever you tell us by law secret that's very important so i trying to do this on my own could really really screw it up i'm guessing issue could and you could bring criminal charges on your show or civil msa little way more you need today on the other hand if you haven't filed maybe for a year maybe for many years a new call steven you have the best on your side and you can stop worrying about and get your normal life back even if you've done things you're not proud of call steven one triple eight tax deal one eight eight eight.

texas bhagat unfiled steve moskowitz steven
"tax adviser" Discussed on KSFO-AM

KSFO-AM

01:31 min | 3 years ago

"tax adviser" Discussed on KSFO-AM

"And two days before the taxes were do our tax adviser call is up and said you you go to point one million dollars in laughed about it while too late one two point one he said i knew i was going to oh something but i was appalled that there was no conversation there is no planning there's nothing that could have been done in by asking for five questions to this person if they would have been working with us there would have paid may be four or five hundred thousand and he's like well we'll just go back and amend the returns go no this stuff had to be done the year off in order to get the deduction so right there immediately easily could cut through it and say here is one point six one point seven eight million dollars it could have been saved that goes a long way in establishing the team's value in the advice that they're giving at surround was that the person just lacked experience or was it they just have never handled a situation like that before because that's pretty tough to handle as a client i can only imagine oh let's go pop in the bank accounts and over two point one million a twoday exactly my question ply said was this something that you just hired the tax adviser and all of a sudden they they really weren't part of the process ago no that's what it upsets me the most is they've been our tax.

bank accounts seven eight million dollars one million dollars two days twoday
"tax adviser" Discussed on 860AM The Answer

860AM The Answer

01:44 min | 3 years ago

"tax adviser" Discussed on 860AM The Answer

"That are in indianapolis though it being about cleveland ohio cincinnati indianapolis knowledge is but but there is the opportunity for our students to even travel from campus the campus if there's something they wanna learn about if there's an instructor that there following they go from campus to campus and out in st albans out in the uk we call her london campus but it's actually inside st albans and what happened was we had a student just the other day who was trying to get out there and want to all is trying to take a trip out there and they're they're they're tax adviser told them hey you know what if warrior you're out there you take one of your classes i'll show you how you can write this trip off here a portion of it now i'm not a tax advisers this is not me giving new tax advice to take a trip to the uk but this is what he told her and how she could save a ton of money on even taking her trip that she wanted to take any way so like i say i'm not a tax advisor on all the details around that but the point is doesn't matter where you live there's a campus nearia here there's a campus near you there's a way to to get involved there is a way to get educated and through that you could take care of either your income or you're longterm wealth or it could be both ryan what you just said is so important learning to invest is a portable skill set you can bring it anywhere in the world and still had the ability to make weekly or month the income or to manage your retirement accounts your r s p your iras your company for one k so this is a skill set that everyone can benefit from and you don't need a college education like i had and ryan has and that's the beauty of educating people all around the world because anyway one could learn.

indianapolis cleveland instructor uk st albans advisor ryan ohio london one k