))
The Taxgirl podcast is a series of conversations about taxes, money, and the choices we make. Because paying taxes is painful, but hearing about them shouldn't be.
T
Taxgirl
1
40: IRS Jobs: Why You Should Work For The IRS
36:04
36:04
Play later
Play later
Lists
Like
Liked
36:04
Everyone understands the IRS is responsible for collecting taxes but those aren’t the only IRS jobs that exist. The IRS generates approximately 96% of the funding that supports the federal government’s operations, playing a massive part in everything from Homeland Security to helping disadvantaged citizens. But what is it like to work for the IRS? …
T
Taxgirl
1
39: Accidental Tax Resident: COVID-19’s Impact On The Substantial Presence Test
32:36
32:36
Play later
Play later
Lists
Like
Liked
32:36
With the coronavirus pandemic creating travel restrictions, plenty of people have been stranded from home. In addition to the career and family implications of being stuck away from home, there are potentially large tax complications as well. For those stuck in the United States, you could be considered a tax resident and have certain filing requir…
T
Taxgirl
1
38: Nanny Taxes: What To Know About Being A Household Employer
40:01
40:01
Play later
Play later
Lists
Like
Liked
40:01
While the coronavirus pandemic only further grew the industry, many families already used nannies to help take care of their children and elderly relatives. Whether it’s the potential savings, uncertainty about returning to a shared environment, or a multitude of other reasons; in-home care provides parents and caretakers a ton of benefits. However…
More Americans are considering moving abroad; a trend that equated to a record number of Americans giving up their citizenship in the first half of 2020. While movies might paint it as a whimsical trip, there are significant challenges and potential pitfalls involved. There are serious tax challenges to moving abroad On this episode of the Taxgirl …
During the pandemic, those at the top continued to make money while those at the bottom struggled. That’s especially true among minority households with the average white family having as much as eight times the wealth of people of color. That economic inequality hasn’t gone unnoticed, however, with many Americans agreeing it’s gone too far. But wi…
T
Taxgirl
1
35: Digital Advertising Tax: Is it a workable solution?
37:58
37:58
Play later
Play later
Lists
Like
Liked
37:58
With states needing to fill budget holes, politicians are looking for new sources of revenue. Maryland recently became the first in the United States to pass a digital advertising tax, taxing the revenue made from digital advertisements on online services like Facebook and Google. Other states are watching closely, with a few introducing similar ta…
T
Taxgirl
1
34: How To Save And Spend A Lump Sum Of Money, Including Your Stimulus Check
36:14
36:14
Play later
Play later
Lists
Like
Liked
36:14
Chances are, you’re about to come into some money soon -- whether it’s your tax refund or the 2021 stimulus check. But what do you do with it now that you have it? For many people, getting a lump sum of money is new to them and they don’t want to blow the opportunity. That’s where this sound advice comes in handy. How to use and save your stimulus …
T
Taxgirl
1
33: Minorities In Business: Overcoming Bias And Finding Success
37:42
37:42
Play later
Play later
Lists
Like
Liked
37:42
Inclusivity has always been a hot-button topic but it has been pushed to the forefront recently through social justice concerns. To further the discussion of minorities in business, Kelly invites Wil Reynolds to talk about his own experiences with bias, minority representation in business, and what he believes is the best path forward. Minorities i…
The IRS estimates that around 85% of taxes are paid voluntarily and on time. But the tax gap, the difference between the taxes paid on time and those still owed, means hundreds of billions of dollars are missing every year. While politicians often look to increase or decrease taxes as a part of their platform, simply shrinking this gap by collectin…
T
Taxgirl
1
31: Cannabis Taxes: How The IRS Is Handling The Cannabis Industry
57:11
57:11
Play later
Play later
Lists
Like
Liked
57:11
The cannabis industry has been growing rapidly over the last few years as more states begin to make it either medically or recreationally legal. However, with its legal status changes and subsequent boom, cannabis taxes are the next major impact point for the cannabis industry. With stricter guidelines and tax code 280e, cannabis taxes are far from…
T
Taxgirl
1
30: Working From Home Tax Issues: How The Coronavirus Complicates Tax Filing
43:15
43:15
Play later
Play later
Lists
Like
Liked
43:15
The coronavirus pandemic has impacted everyone in different ways. While it has been difficult over the last year, filing your taxes could prove to be yet another hurdle in this pandemic. For those that have been telecommuting, there are likely going to be working from home tax complications. Potential working from home tax problems On this episode …
T
Taxgirl
1
29: IRS Whistleblowers: The Ins And Outs Of Reporting Tax Fraud
46:59
46:59
Play later
Play later
Lists
Like
Liked
46:59
Tax fraud is serious business and the IRS is looking for help to crack down on it. Paying IRS whistleblowers a reward is one of the tools the government uses to find and prosecute those cheating on their taxes. And it can be a lucrative business for both the IRS and the whistleblowers as they helped the government recover more than $6 billion in 20…
T
Taxgirl
1
28: IRS Criminal Investigation: Talking Taxes And The Law With Chief Jim Lee
39:47
39:47
Play later
Play later
Lists
Like
Liked
39:47
The IRS Criminal Investigation agency started a little over 100 years ago as an intelligence unit within the IRS, with nothing more than a few Post Office inspectors. Over the years, IRS-CI has become world-renowned for its ability to investigate abusive tax schemes, financial fraud, and many other crimes. With COVID-19 and PPP loans among the newe…
T
Taxgirl
1
27: HSA Tax Deductions: Using Your Healthcare For Tax Breaks And Retirement
35:09
35:09
Play later
Play later
Lists
Like
Liked
35:09
What’s the best tax deduction or tax break? That’s a question I hear all the time and I often point people to their healthcare and HSA tax deductions for the biggest benefit. While many people believe health expenses are the biggest deductions they can claim, thinking about your HSA account as a large tax deduction and even a potential retirement a…
T
Taxgirl
1
26: Learning From Celebrity Tax Problems To Save You Time And Money
1:01:27
1:01:27
Play later
Play later
Lists
Like
Liked
1:01:27
Most people love a little gossip and celebrities are often the best source, especially when they get into financial troubles. However, with the help of a good business manager and a little financial literacy, people can keep their names out of the newspaper, off the internet, and off the radar of auditors. Business managers aren’t just for celebrit…
T
Taxgirl
1
25: What Is FATCA And The FBAR? Who Should Be Filing Foreign Accounts On Their Taxes
48:03
48:03
Play later
Play later
Lists
Like
Liked
48:03
Foreign bank accounts aren’t necessarily for mustache-twirling villains and the superwealthy, but they do trip up plenty of people when it’s time to file their taxes. With foreign accounts becoming more common among everyday people and the minimum amount required to file being so low, it can be easy to not even realize you need to file an FBAR. Mis…
T
Taxgirl
1
24: Year-End Taxes: What You Need To Be Thinking About At The End Of 2020
46:58
46:58
Play later
Play later
Lists
Like
Liked
46:58
2020 is nearly done and over with. While that brings a sense of joy as the year has been difficult in so many ways, there might also be some anxiety when thinking about your year-end taxes. Whether you’re an individual concerned about how a new president and recovering economy will impact you, or you need to find some last-minute tax deductions, th…
T
Taxgirl
1
23: PNC Christmas Price Index: The True 12 Days Of Christmas Cost In 2020
32:26
32:26
Play later
Play later
Lists
Like
Liked
32:26
Everyone knows the 12 Days Of Christmas lyrics but with some pretty outlandish presents being given in the song, it’s the 12 Days Of Christmas cost that most people want to know about. The PNC Christmas Price Index measures the price of those 12 presents, pitting it against previous years to not only be a fun little anecdote but to help measure inf…
T
Taxgirl
1
22: Managing Risk With Tax Insurance: What Is Tax Insurance And How It Can Help You
40:19
40:19
Play later
Play later
Lists
Like
Liked
40:19
You likely have some type of insurance -- whether that is auto, home, or health insurance. But did you know tax insurance is also available? What is insurance but a way to buy a little protection from catastrophe? Just like other types of insurance help mitigate risk, tax insurance allows companies and individuals to be protected from audits and ju…
T
Taxgirl
1
21: Student Loans: Everything You Need To Know About Student Loan Repayment And Student Loan Debt
53:17
53:17
Play later
Play later
Lists
Like
Liked
53:17
Student loan debt is simply a part of college life now. With college tuition skyrocketing as wages stagnate, more and more people are turning to student loans to get an education. But that doesn’t stop the bill eventually coming due, which is burying people under student loan debt for decades. Many people simply don’t understand how student loan re…
T
Taxgirl
1
20: Organizing Tips To Keep Your Life, Business, And Tax Information In Better Shape
44:21
44:21
Play later
Play later
Lists
Like
Liked
44:21
The difference between being organized or not can be thousands of dollars when it comes to your taxes and finances. This week on the Taxgirl podcast, Kelly talks to Karen Rosenberg Caccavo about how to properly organize your tax documents throughout the year so they’re ready to go when you actually need them. Whether you do your taxes online, go to…
T
Taxgirl
1
19: How Low Income Taxpayer Clinics (LITCs) Can Help With Tax Disputes
39:36
39:36
Play later
Play later
Lists
Like
Liked
39:36
All taxpayers deserve quality taxpayer support and representation. However, this can be a costly avenue to achieve. Many taxpayers who stumble upon a tax dispute are unaware of the assistance out there. In this week’s podcast, Kelly talks about options for taxpayer help. LITCs, also known as Low Income Taxpayer Clinics, are independent organization…
T
Taxgirl
1
18: What's Next for Recipients Of The Paycheck Protection Program
42:34
42:34
Play later
Play later
Lists
Like
Liked
42:34
To keep the economy afloat, Congress introduced the Paycheck Protection Program, also known as PPP. The Paycheck Protection Program consists of potentially forgivable loans to keep employees on payroll. The long-term purpose is to help the overall economy. Several issues and questions about PPP are still up in the air for both taxpayers and busines…
What is bankruptcy exactly? Kelly helps to break down and define bankruptcy by, a legal process for obtaining debt relief for those unable to repay obligations. A lot of bankruptcy problems relate to corporations, but most cases are actually by individuals. Majority of bankruptcy cases are related to medical injuries or expenses. Other reasons for …
T
Taxgirl
1
16: Understanding the Shifting Sales Tax Laws
46:10
46:10
Play later
Play later
Lists
Like
Liked
46:10
Since the pandemic, there has been a lot of uncertainty about the economy, especially for taxpayers and business owners. Unfortunately, there have been a lot of business closures, concerns about tax compliance, increase of prices. However, the pandemic has also granted states an opportunity to recover lost tax dollars. As a result, there has been a…
T
Taxgirl
1
15: Bookkeeping Is More Than Just Numbers
41:00
41:00
Play later
Play later
Lists
Like
Liked
41:00
Episode 15 - Bookkeeping Is More Than Just Numbers: Understanding Why It Matters Bookkeeping is an important factor of properly running a business. Many people tend to think that bookkeeping and accounting are one and the same. However, they can be very different. Bookkeeping is the recording of all financial transactions within a business. Kelly i…
T
Taxgirl
1
14: An Offer You Can't Refuse: A Look At The Mob Museum
37:51
37:51
Play later
Play later
Lists
Like
Liked
37:51
Some of the biggest crime cases in history involve financial disputes and tax evasion. Kelly introduces her favorite museum, The Mob Museum, in Las Vegas, Nevada. The museum focuses on mob crime history including the St. Valentine's Day Massacre in Chicago involving Al Capone. Capone refused to file a tax return claiming that "They can’t collect le…
T
Taxgirl
1
13: What You Need To Know About Cryptocurrency & Tax
35:19
35:19
Play later
Play later
Lists
Like
Liked
35:19
Cryptocurrency is a digital or virtual currency. Essentially, it was created to offer a system to enable peer to peer payments without the need of a third party, offering security and a measure of anonymity. For federal income tax purposes, it's treated as a capital asset. And what you don't know could hurt you since recently the IRS has made it a …
T
Taxgirl
1
12: Preparing & Managing For A Sandwich Generation Household
44:01
44:01
Play later
Play later
Lists
Like
Liked
44:01
Episode 12 - Preparing and Managing for a Sandwich Generation Household Kelly acknowledges the statistics of life expectancy rapidly increasing, which seemingly results in more sandwich generation households. Sandwich generations are when a parent generation with children, also find themselves caring for elderly. Ultimately, these situations can le…
Episode 11- Being a Minority in the Tax Industry Kelly shares her research on the minorities in the tax industry. While she found that women only make up one third of the CPA population, the numbers for people of color came out to be even more scarce. Kelly found that the tax firm industry is made up of 80% white people, less than 8% black people, …
T
Taxgirl
1
10: : The Original Survivor’s Big Win And What Happened When He Was Charged With Tax Evasion
44:27
44:27
Play later
Play later
Lists
Like
Liked
44:27
In the 1990s and early 2000s, reality television as we know it today was still relatively new. And leading the pack was a CBS series called Survivor. The first season, Survivor: Borneo, was initially broadcast on May 31, 2000. The show dropped a group of strangers on an island where they had to find or create food, fire, and shelter and work togeth…
T
Taxgirl
1
9: How The Pandemic Has Impacted Job Growth In The Tax & Accounting Fields
24:28
24:28
Play later
Play later
Lists
Like
Liked
24:28
One of the biggest fears of employment, is being able to find a decent job. Job opportunities drastically vary based on the economy. Recently, the projected job outlook for 2018-2028 was expected to be at six percent, which was a slowdown from a previous bracket. However, now the numbers are expected to be altered even more due to the Corona Virus …
T
Taxgirl
1
8: What Successful People Have Learned About Money
41:08
41:08
Play later
Play later
Lists
Like
Liked
41:08
What's your relationship with money like? Financial challenges are often tied to mental stigma and what we are conditioned to believe about money - even as children. Often, being conditioned to believe a certain way or having expectations about money can lead business owners to carry shame about their current business or financial situations, which…
T
Taxgirl
1
7: Trademark & The Cost Of Protecting Your Brand
51:15
51:15
Play later
Play later
Lists
Like
Liked
51:15
All professionals will stumble upon the struggle of balancing costs with deductibility. When is the proper time to spend money on your company or product? Will the money spent be beneficial with the return? Branding your company, service, or product is key for obtaining a successful business platform. Sometimes, this process can be costly, but it c…
T
Taxgirl
1
6: Let’s Talk About Addiction, Mental Illness & Stigma (Yes, Lawyers Have It, Too)
46:51
46:51
Play later
Play later
Lists
Like
Liked
46:51
It's been a long and stressful tax season. Mix long hours together with COVID, and there's real worry about mental health for tax professionals, as well as taxpayers. More often than not, one of the barriers to seeking help is stigma: it is difficult for any professional to admit that they are suffering. So let's talk about stigma. This week’s epis…
T
Taxgirl
1
5: Following The Money: All About IRS Criminal Investigation
34:25
34:25
Play later
Play later
Lists
Like
Liked
34:25
For many years, the Internal Revenue Service (IRS) has grown to help serve our community and taxpayers. Today, the Criminal Investigation Agency, also known as CI, has been working hard to better our community by tackling tax fraud and other financial crimes. The hard work and efforts of this agency are sometimes overlooked or unknown. This week, K…
T
Taxgirl
1
4: What You May Not Know About Civil Forfeiture
48:56
48:56
Play later
Play later
Lists
Like
Liked
48:56
We all know that the Constitution says that the government cannot deny anyone of life liberty or property without due process of law. But did you know that the government may be able to seize your property - even if you're not accused of a crime? It's true. Federal and state statutes allow authorities to take your property through a process called …
T
Taxgirl
1
3: Paying & Managing Sales Taxes In A Post-Wayfair World
30:33
30:33
Play later
Play later
Lists
Like
Liked
30:33
I know many of you have heard the controversy about Wayfair and Amazon paying taxes. Well, this week’s episode with Kelly, really dives into the recent ruling in 2018 that online businesses must pay taxes and the effect on smaller, primarily online businesses. Brad Scott joins Kelly as a guest host to give an inside look on how the Kill Quill rulin…
T
Taxgirl
1
2: Finding Relaxation During A Stressful Tax Season
44:27
44:27
Play later
Play later
Lists
Like
Liked
44:27
Join Kelly this week for a podcast focused on something we all dread: stress. Tax season and deadlines mean that stress is a concern for many taxpayers and professionals. There are so many changes in the tax world this year due to COVID-19 - with more to follow. We need to recognize if these factors are causing stress in our lives, and how to take …
T
Taxgirl
1
1: Desperation and Loans in a Time of Crisis
54:10
54:10
Play later
Play later
Lists
Like
Liked
54:10
Join us in kicking off our new and informative podcast hosted by Kelly Phillips Erb. During this episode, Kelly invites a guest host, Jeff Grant to discuss his experience with applying for a small business loan - and what followed. Taking On Business Loans Jeff Grant is someone who has followed through with a business loan in a time of desperation.…
