Millionaire Starter Club
202 episodes - English - Latest episode: over 2 years ago - ★★ - 15 ratingsPodcast on finance, investing, money, wealth, and taxes.
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Episodes
225 2017 Form 1040 Draft Changes
November 17, 2017 03:28 - 9.31 MBWhen it comes to taxes nothing is constant. Tax law is always changing whether it state, local, or federal laws and regulations. The IRS recently updated the 2017 draft Form 1040. Beginning with the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
224 2018 Standard Deduction, Changes, and Phaseouts
November 03, 2017 00:37 - 7.02 MBIt’s never to late to start thinking about tax planning until the tax year has rolled over into next year. Also, it’s never to early to be thinking about next year’s taxes. For 2018 without any... Visit the Your Tax Teacher website for more information about this episode using the episode number.
223 Year End Business Tax Planning
October 27, 2017 00:41 - 10.9 MBWhen it comes to business tax planning, there’s not as many options as there are with individual tax planning. But, business owners still have options. Some of the options are related to tax... Visit the Your Tax Teacher website for more information about this episode using the episode number.
222 Year End Tax Planning Strategies
October 20, 2017 02:19 - 14.4 MBAs it gets closer to December 31, 2017, it’s time to begin thinking about some year-end tax planning. What are some tax planning ideas is what is being discussed in this episode of the Your Tax... Visit the Your Tax Teacher website for more information about this episode using the episode number.
221 Year End Tax Considerations
October 10, 2017 02:41 - 10.3 MBWith twelve weeks left in 2017, now is the time to begin thinking about whether there were major career, life, or career changes in 2017 that would affect the tax liability. 1. Beginning with life... Visit the Your Tax Teacher website for more information about this episode using the episode number.
220 Transcripts and Requesting Copies of Tax Returns
October 06, 2017 03:05 - 15.9 MBFor some taxpayers, they will need sometimes need to produce a tax return. But, due to unforeseen circumstances they are unable to find a tax return when it comes to providing documentation for a... Visit the Your Tax Teacher website for more information about this episode using the episode number.
219 Hardship DIstributions
September 29, 2017 03:13 - 8.37 MBHaving a hardship can be difficult. Whether it a hardship due to a disaster (flood, earthquake, fire, hurricane, etc...) or a financial hardship, the tax code allows for hardship distributions in... Visit the Your Tax Teacher website for more information about this episode using the episode number.
218 IRS Most Popular Tax Notices and Letter IDs
September 22, 2017 02:11 - 14.9 MBIt tough enough getting an IRS or state tax notice. But, understanding the notice can take phone calls and discussions with your tax preparer. Is there something missing from my return? Why was... Visit the Your Tax Teacher website for more information about this episode using the episode number.
217 Casualty Losses
September 15, 2017 01:39 - 13.2 MBWhen it comes to real and personal property losses, insurance doesn’t always cover the loss. The IRS and tax rules and regulations provide some relief if you qualify under the casualty losses.... Visit the Your Tax Teacher website for more information about this episode using the episode number.
216 Fulfillment by Amazon Sales Tax Amnesty
September 08, 2017 01:41 - 18.7 MBWhen it comes to takes to sales and use tax not everything is so clear when it comes to nexus. States for quite some time have been complaining that they are not collecting enough sales tax from... Visit the Your Tax Teacher website for more information about this episode using the episode number.
215 S-Corporations and S-Corp Election
September 01, 2017 00:37 - 9.84 MBWhen it comes to entity choices, you have several options to chose from. Besides S-Corporations (S-Corp), there is the entity chose options of a Limited Liability Company, Partnership, Corporation,... Visit the Your Tax Teacher website for more information about this episode using the episode number.
214 Miscellaneous Deductions
August 24, 2017 02:45 - 11.5 MBA couple of weeks ago, I discussed the tax implications of winning the lottery. In that episode I discussed that gambling losses can be used to offset lottery winnings and long as you could have... Visit the Your Tax Teacher website for more information about this episode using the episode number.
213 IRA Distributions and Rollovers
August 18, 2017 02:01 - 11.3 MBYou’ve been saving for retirement for several years and built a relationship with a custodian of the traditional IRA (Individual Retirement Account). However, this year, you’ve decided for one reason... Visit the Your Tax Teacher website for more information about this episode using the episode number.
212 Winning the Lottery
August 11, 2017 01:26 - 11.2 MBWhen it comes to games of chance, we often think of the state lotteries along with the Powerball and Mega Millions lotteries. Recently, I saw an article on CNBC.com where someone had calculated that... Visit the Your Tax Teacher website for more information about this episode using the episode number.
211 Innocent Spouse Relief Part 2, Separation Relief
August 04, 2017 01:06 - 8.04 MBIn last week’s episode, the episode was a discussion of the innocent spouse relief. However if you don’t qualify or if you’re denied innocent spouse relief, there is also separation of liability... Visit the Your Tax Teacher website for more information about this episode using the episode number.
210 Innocent Spouse Relief Part 1
July 28, 2017 01:41 - 11.1 MBWhen it comes to tax liability for the married filing jointly status both spouses are responsible for the information filed on the tax return. But, what happens if one spouse finds later that income... Visit the Your Tax Teacher website for more information about this episode using the episode number.
209 Hobby Vs Business
July 21, 2017 02:52 - 9.39 MBEntrepreneurs usually start their business as a side business in addition to their daytime job as a way to make additional money. Other entrepreneurs just have a business they’ve started. Other... Visit the Your Tax Teacher website for more information about this episode using the episode number.
208 Excuses Taxpayers Give for Not Filing a Tax Return
July 14, 2017 00:48 - 9.82 MBWhen it comes to excuses for not filing a tax return, there is no shortage of excuses that taxpayers give. In this episode, I discuss some of those excuses. While it may not be all the excuses for... Visit the Your Tax Teacher website for more information about this episode using the episode number.
207 When It's Time to Find a New Tax Preparer
July 08, 2017 20:12 - 8.09 MBIn this episode, I discuss when it may be time to find a new tax preparer. Most taxpayers who use paid tax preparers to prepare their tax returns never consider that they may need to find a new tax... Visit the Your Tax Teacher website for more information about this episode using the episode number.
206 Unclaimed Property Revisited
June 30, 2017 01:08 - 11.1 MBWhen it comes to unclaimed property do you as an individual or a company have unclaimed property that is being held be a state just waiting for you to claim it. Would $10,000 of unclaimed property... Visit the Your Tax Teacher website for more information about this episode using the episode number.
205 Reasons for Amending a Tax Return
June 23, 2017 01:20 - 11.1 MB1. Changes in income or corrections in income Perhaps your income changed because a K-1 was amended or a Form 1099-B that was changed by a brokerage firm. 2. Social Security Number was incorrect ... Visit the Your Tax Teacher website for more information about this episode using the episode number.
204 Domicile Rules
June 16, 2017 01:40 - 13.4 MBDomicile is the country, state, county, and city that a person treats as their permanent home, or lives in and has a substantial connection with. For many of us, we will move several times during our... Visit the Your Tax Teacher website for more information about this episode using the episode number.
204 Adjusting Withholding Tax
June 09, 2017 02:23 - 8.66 MBWithholding tax. Admit it. No one likes looking at their paycheck stub and seeing the amount of withholding tax, social security tax, medicare tax, and insurance that is taken out leaving you with... Visit the Your Tax Teacher website for more information about this episode using the episode number.
202 Adoption Credit
June 02, 2017 02:58 - 7.49 MBWhen it comes to adoption, the tax code has provisions in it to help you recover some of the costs associated with an qualified adoption. The 2017 adoption credit is $13,570. The adoption credit... Visit the Your Tax Teacher website for more information about this episode using the episode number.
202 Home Office Deduction
May 25, 2017 01:49 - 9.04 MBThere are several misconceptions about home office deductions. One of which is that if you take the home office deduction, you have a greater chance of getting audit. Not necessary true; but, the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
201 Married Filing Separately Lost Deductions & Credits
May 19, 2017 01:09 - 6.75 MBThere are many reasons why taxpayers file a tax return using the married filing separately status. One spouse could have a previous tax liability where the IRS is seizing the tax refunds to pay down... Visit the Your Tax Teacher website for more information about this episode using the episode number.
200 Celebrating 200 Episodes of the Your Tax Podcast
May 12, 2017 01:43 - 13 MBIn episode 200, I just wanted to take a moment to thank you the listener and to look back over the last 199 episodes. When I started the Your Tax Teacher podcast, I had not envisioned that there... Visit the Your Tax Teacher website for more information about this episode using the episode number.
199 Cancellation of Debt Income
May 05, 2017 01:11 - 9.12 MBWhen to comes to foreclosures and short sales of real property, nothing is easy. The events leading up to foreclosure are not easy on the family. Nor, are the events that take place after the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
198 IRS & Tax Debt Collection Agencies
April 28, 2017 00:30 - 9.4 MBThe IRS is in the process of collecting past-due tax debts after Congress approved the rules and regulations for hiring outside collection agencies to assist in the collection process under the 2015... Visit the Your Tax Teacher website for more information about this episode using the episode number.
197 Dependency Rules
April 21, 2017 00:48 - 10.9 MBA question came in over last weekend that dealt with dependency rules, amended returns, and filing a dependent’s tax return. When it comes dependency rules, there are several tests to used to... Visit the Your Tax Teacher website for more information about this episode using the episode number.
196 Help I Owe and Can't Pay
April 14, 2017 01:58 - 6.81 MBFor some taxpayers, you may have your tax return prepared and you’re almost ready to file when you suddenly realize that you don’t have the money to pay your additional tax liability that you were... Visit the Your Tax Teacher website for more information about this episode using the episode number.
195 IRS Red Flags
April 07, 2017 00:31 - 11 MBSome red flags keep us save especially if we’re out on the beach or at an airfield. However, there are other red flags that we need to avoid. Take the IRS and taxes as an example, our tax return(s)... Visit the Your Tax Teacher website for more information about this episode using the episode number.
194 Traditional IRAs
March 31, 2017 01:29 - 9.54 MBWhen it comes to saving for retirement, you have different options. Traditional IRA, Roth IRA, SEP Plan, Simple Plan, 401(k) a few retirement options. But in this episode, I want to focus on the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
193 Moving Expense Deduction
March 24, 2017 00:45 - 7.09 MBYou’re considering taking a new position or have already taking a new position that required you to relocate from where currently you’re working and living. The question, “Can I deduct my moving... Visit the Your Tax Teacher website for more information about this episode using the episode number.
192 DId You Think to Use These Tax Deductions and Credits
March 17, 2017 01:15 - 6.94 MBIn this episode, I discuss tax credits, adjustments, and deductions taxpayers may not know about. These tax credits, adjustments, and deduction can be used to reduce your taxable income or your tax... Visit the Your Tax Teacher website for more information about this episode using the episode number.
191 IRS Is Holding $1B in 2013 Tax Refunds
March 08, 2017 19:06 - 8.64 MBIn this week’s episode, I discuss the $1B in refunds that the IRS is holding from the 2013 tax year. If the 2013 tax return isn’t filed before April 18, 2017, the $1B will be turned over to the U.S.... Visit the Your Tax Teacher website for more information about this episode using the episode number.
190 Tax Refund Loans
March 03, 2017 02:00 - 5.27 MBWhen it comes to refunds, not everyone is willing to wait until the IRS issues refunds. For 2017, the refund have been issued on average of twenty-one (21) days depending if you any refundable... Visit the Your Tax Teacher website for more information about this episode using the episode number.
189 Deductions or Tax Credits
February 17, 2017 19:56 - 6.4 MBdeductions and tax credits - Which is better? Income Deductions reduce income. Tax Credits reduce tax liability Between the income and tax credits, tax credits are better. Here’s why: $500... Visit the Your Tax Teacher website for more information about this episode using the episode number.
188 Reasons Why Your Tax Refund May Be Delayed
February 10, 2017 02:36 - 10.2 MBYou've filed your tax returns; but, you haven't received that tax refund when you expected it deposited be in your bank account. In this episode, I discuss the reasons why your tax refund may be... Visit the Your Tax Teacher website for more information about this episode using the episode number.
187 When You Should File A Tax Return
February 03, 2017 02:44 - 8.02 MBIn this episode, I discuss when should you file a federal tax return. You should file a federal tax return when ... 1. You had tax withheld? Wages, Miscellaneous Income, Retirement Income, K-1s... Visit the Your Tax Teacher website for more information about this episode using the episode number.
186 2016 Tax Return Refunds Will Begin
January 27, 2017 01:46 - 9.6 MBYou have prepared and filed your tax return. You are now waiting...waiting....on your tax refund. “When should I receive my refund?” is the topic for this week’s episode. Federal Tax Refunds Within... Visit the Your Tax Teacher website for more information about this episode using the episode number.
185 Names, Addresses, and Social Security Numbers
January 20, 2017 00:51 - 6.18 MBNames, Addresses, and Social Security Numbers on a tax return are important. Your name has to match the social number and name on file with the Social Security Administration. Sometimes the names... Visit the Your Tax Teacher website for more information about this episode using the episode number.
184 2017 Tax Returns and Forms Due Dates
January 13, 2017 00:56 - 5.93 MBIn this week’s episode, I discuss the important dates to remember when it comes to filing the 2016 individual and business tax returns. Individual Tax Returns Beginning this tax filing season, the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
183 Preparing to File Your 2016 Tax Return
January 06, 2017 03:10 - 10.9 MBIn this week’s episode, I discuss how to organize and begin preparing to file your 2016 tax return before you even get your tax documents. 1. Review and save your last 2016 pay stub to compare it... Visit the Your Tax Teacher website for more information about this episode using the episode number.
182 A Look Back at 2016 in Tax
December 30, 2016 02:24 - 10.7 MBIn this week’s episode, I discuss the top 2016 tax stories and events. 1. Tax Inversions Earlier in the year, it seemed everyone was talking about tax inversions where U.S. companies would merge... Visit the Your Tax Teacher website for more information about this episode using the episode number.
181 Self Prepared Tax Software
December 23, 2016 01:41 - 10.6 MBAs 2016 is coming to close, it’s almost time to begin thinking about the 2017 tax filing season and whether you will be using a tax software package like Turbo Tax, H&R Block tax software, and Tax... Visit the Your Tax Teacher website for more information about this episode using the episode number.
180 Tax Extenders Expiring in 2016
December 16, 2016 03:25 - 11 MBIn this week’s episode, I discuss some of the tax extenders expiring at the end of the 2016 (December 31, 2016) unless Congress extends them. At this time, Congress has not extended these tax rules... Visit the Your Tax Teacher website for more information about this episode using the episode number.
179 2016 Year End Tax Planning Ideas
December 09, 2016 03:19 - 9.15 MBIn this episode, I discuss tax planning ideas for year-end tax planning. 1. Realize stock losses against gains while sustaining your investment position. 2. Postpone income (dividends, interest,... Visit the Your Tax Teacher website for more information about this episode using the episode number.
178 Tax Notices and Tax Preparers
December 02, 2016 02:31 - 8.61 MBIn this episode, I discuss tax notices and tax preparers. Sometimes, you will get a notice but for some reason, you’re not able to reach your tax preparer to discuss the tax notice. When you get the... Visit the Your Tax Teacher website for more information about this episode using the episode number.
177 President Elect Trump Business Tax Proposal
November 24, 2016 23:24 - 8.54 MBIn this week’s episode, I discuss the 2017 business tax reform and proposals that President Elect Trump and the Republicans have proposed. 1. Creating a new business rate for small business... Visit the Your Tax Teacher website for more information about this episode using the episode number.