Mac Tax® CPA (Accounting, Tax, Business, Stocks, Crypto, NFTs and more)
81 episodes - English - Latest episode: 5 months ago - ★★★★★ - 2 ratingsAn educational podcast to teach you about how taxes affect your business and personal lives and how to lower your tax bill. Taxes affect every area of life, from buying a house, trading stocks, trading NFT/Crypto currency, operating a business, and even giving birthday gifts. We are here to help you understand the complexities of the tax code.
Disclaimer: The purpose of this podcast is for educational purposes. Please consult with your accountant, financial advisory and other resources before making any decisions/investments based on the content of this show.
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Episodes
BTC ETF what’s next for crypto part 2?
January 14, 2024 04:47 - 58 seconds - 909 KBBTC Spot ETF what’s next for crypto part 2? Price appreciation? Republican support for crypto in 2024?
What is the Bitcoin ETF and whats next for crypto investors?
January 11, 2024 15:27 - 59 seconds - 925 KBLearn about the bitcoin ETF what’s next for crypto investors and why you should get serious about filing your Crypto taxes ASAP
Want to save money on your income taxes this year? Do this now before year end
December 09, 2023 03:40 - 55 seconds - 870 KBTime to take inventory and do tax planning before year end to save on your income taxes
Supreme Court Tax Case with HUGE Implications possibly blocking a future wealth tax
December 05, 2023 02:42 - 1 minute - 1.45 MBThis Supreme Court case could forever block a future wealth tax
How to Avoid and Spot Scams
November 28, 2023 02:53 - 54 seconds - 854 KBWe have been seeing too many people lose money to scams never send crypto or money to a platform or wallet you don’t hold the private keys or passwords too
Mac Tax CPA Podcast with Cory Gayman CPA - 2023
November 17, 2023 23:47 - 40 minutes - 36.7 MBJoin us for a conversation about the state of being an accountant, the IRS, running a business and more
Here’s how to tell the difference between a hobby and a business for tax purposes
September 21, 2023 21:58 - 1 minute - 1.33 MBHere are the 10 factors the irs looks at in determining if your business is a business or hobby for taxes
New cryptocurrency tax law defines “crypto broker”. This is how it will affect crypto investors
September 05, 2023 23:31 - 1 minute - 1.32 MBThe new crypto broker law has a big impact on consumers listen in for details
What to know if you’re investing in cryptocurrency/NFTs
September 02, 2023 15:40 - 1 minute - 1.57 MBShort clip from legal limelight podcast with Francesca Witzburg
How Tax and Legal Planning Upfront can Help save you 💰 Later
August 17, 2023 18:21 - 2 minutes - 2.03 MBFull podcast with Bryan on Audio and YouTube
How to write off your car on your taxes
June 19, 2023 03:20 - 2 minutes - 1.84 MBHow to write off your car on your taxes. What car expenses can you write off and methods for calculating car deduction amount
Getting Paid in Crypto and Paying with Crypto - Jagruti Solanki (BitPay CFO) & Justin Macari (Mac Tax CPA)
April 25, 2023 20:17 - 35 minutes - 32.9 MBLearn about Jagruti Solanki (BitPay CFO) background, how she went from assurance partner at an accounting firm to BitPay CFO. How businesses and individuals can use BitPay to get paid in crypto and also make payments in crypto, the future of crypto blockchain and more.
Why did you owe taxes this tax season part 1 - withholding
April 24, 2023 00:04 - 1 minute - 1.33 MBTune into our mini series to see why and how to save money for next tax season
Upcoming 2023 Tax Deadlines
January 16, 2023 19:37 - 1 minute - 962 KBEstimated taxes are due January 17th all W2 and 1099 due January 31st
IRS delays $600 reporting threshold for form 1099k. What is form 1099k and what does it mean?
December 26, 2022 18:42 - 1 minute - 1.31 MBE-mail question and topics to [email protected]
Are governments looking into those who are not reporting cryptocurrency 🤔
December 17, 2022 06:37 - 40 seconds - 626 KBE-mail questions and video ideas you would like to learn about to [email protected]
Make sure to do this tax loss harvesting strategy before year end
December 10, 2022 18:21 - 1 minute - 1.32 MBUse code “MACTAX10” at checkout to save 10% on Zenledger
IRS Top Two Areas to be Audited in 2023
November 28, 2022 05:40 - 1 minute - 1.31 MBEmail your thoughts to [email protected]
Why your cryptocurrency 1099 may not be accurate
October 30, 2022 05:22 - 1 minute - 1.32 MBIn this episode learn why if you have multiple wallets and exchange accounts why your gains/losses reported by the exchanges may be incomplete regarding cryptocurrency NFTs and other digital assets
Legal and Tax Considerations for Businesses & NFT Projects
September 22, 2022 20:37 - 1 hour - 61.7 MBIn this episode @web3bryan and @Mac Tax CPA talk all things legal and tax releated to operating a business and NFT projects, what you should be considering and more.
How can the IRS find out about your NFT/Crypto and why you should report it on your tax return
August 27, 2022 21:19 - 59 seconds - 923 KBEmail topic suggestions into [email protected]
Breaking News All Tax Changes from the Inflation Reduction Act
August 18, 2022 03:33 - 1 minute - 1.27 MBHere is a brief summary of the new tax law changes. Please let me know what you think or want to learn more about by emailing me at [email protected]
$25K Passive Tax Loss Exception
August 06, 2022 20:30 - 1 minute - 1.28 MBIn this episode we discuss how to take passive losses on rental properties. See the video on Instagram and TikTok for more info
Ordinary Income/Loss Taxation Overview
July 05, 2022 03:52 - 1 minute - 1.81 MBIn this episode of our mini 3 part series we discuss how ordinary income is taxed and how ordinary losses can be utilized to offset your other income.
Capital Gain Favorable Tax Rates & Writing off Capital Losses
June 23, 2022 15:54 - 1 minute - 1.32 MBIn this part 1 of a 3 part mini series we go over how capital gain favorable tax rates work and how to write off capital losses. Email all topics you want to learn about to [email protected]
How to Harvest Tax Losses on Crypto/NFTs
June 01, 2022 04:00 - 2 minutes - 2.35 MBSee the video on ticktok. Learn how to take advantage of this down market to harvest Crypto/NFT losses since there is no wash sale. https://www.tiktok.com/t/ZTd7coP2p/?k=1
NFT/Crypto Taxation, Regulation, ZenLedger and More with Dan Hannum COO of ZenLedger
March 18, 2022 13:39 - 53 minutes - 49.6 MBOn this episode we chat with Dan Hannum COO of ZenLedger. Learn more about Dan's background on his path from graduating college to becoming COO of ZenLedger. Dan and I talk about the taxation of crypto currencies and NFTs, common misconceptions about the tax code regarding NFT/Crypto as well as the tax codes limitations on this emerging field. Dan discusses how ZenLedger can help individuals, individuals with tax accountants, tax accountants, businesses as well as governments calculate the t...
NYS LLC Tax Return (IT-204-LL) Due March 15th
February 21, 2022 02:57 - 6 minutes - 6.21 MBIn this episode we discuss what the NYS LLC Tax Return is which is IT-204-LL, who must file this form, who does not need to file this form, how the LLC fee is computed and when this form is due (March 15th). Please email all questions to [email protected]
Sports Betting Winnings are they Taxable? - Super Bowl Sunday Edition
February 13, 2022 20:37 - 5 minutes - 5.04 MBIn this episode we discuss what to do if you win big today on Super Bowl Sunday or throughout the year. Tune in to learn how to lower your tax bill on any sports betting earnings either from a sports betting app or wagers at your local bar. Send your questions in to [email protected]
Uber/Lyft Taxation Overview Podcast
February 07, 2022 05:19 - 8 minutes - 7.96 MBOn this episode we discuss: the basics of how uber/lyft income is taxed, the deductions that can be taken for Uber/Lyft Drivers, self employment taxes, as well as criteria for material participation to take a net loss against your other income. Email all questions to [email protected]
Mac Tax CPA website launched + How to calculate your taxes on Crypto and NFT's for 2021 Tax Season
January 20, 2022 18:16 - 9 minutes - 8.67 MBOn this episode we discuss the launch of our website https://mactaxcpa.com/home as well as how to figure your Crypto and NFT gain/losses for the 2021 tax year to determine your income tax impact. Please email any questions to [email protected]
2022 Tax Season Start Date plus 1099NEC and W2 Deadline January 31st
January 15, 2022 00:16 - 2 minutes - 2.36 MB2022 Tax Season Start Date is jan 24th and 1099NEC and W2 Deadline January 31st. Please email your questions to [email protected] or join our discord to ask questions
How to become an S-Corporation
October 31, 2020 09:00 - 4 minutes - 1.82 MBIn this episode I’ll give you the specific steps and tax forms that need to be filed in order to become an S-Corp. I’ll even explain how to make the S-Corp election even if you are 3 years late.
Benefits of Being an S-Corp
July 26, 2020 09:00 - 3 minutes - 1.68 MBTune into this week’s episode to learn the tax savings benefits of choosing an s-corp structure.
How to access the cash in your retirement account tax free during COVID-19
June 07, 2020 09:00 - 4 minutes - 2.27 MBIn this podcast I discuss how you can tap into your 401k or IRA accounts if you have been diagnosed with COVID-19 or have had economic hardship during COVID-19. Use this method to get cash on hand now in times of need.
How to deduct Charitable Contributions - UPDATED CARES ACT 2020
June 01, 2020 09:00 - 4 minutes - 1.93 MBThe CARES act provides updated rules for the ability to take more of a deduction for charitable donations on your 2020 tax return. Tune in now to find out more how to start maximizing next years refund now!
What is AMT (Alternative Minimum Tax)?
May 17, 2020 09:00 - 4 minutes - 1.81 MBAMT is a separate set of rules and adjustments that must be applied to your tax return once you make a certain amount of income. It is designed to make sure people taking excessive deductions still pay some “minimum” tax.
CARES Act changes to (NOL) Net Operating Loss
May 03, 2020 09:00 - 3 minutes - 1.56 MBBusinesses now have the ability to take advantage of the new NOL changes under the CARES act. If you had a taxable loss for your business in years 2017 or 2018 give this episode a listen.
CARES and PPP refunded by Congress
April 26, 2020 09:00 - 5 minutes - 2.51 MBGet the latest depreciation updates from the CARES act to take advantage of fast cash now and the details of the refunded paycheck protection program for small businesses.
Ray Dilao All Season’s Stock Tips
April 20, 2020 09:00 - 2 minutes - 1.42 MBWanted to share with you guys an investment tip from the Tony Robins book Money Master the Game where he interviews one of the greatest wealth managers ever, Ray Dilao.
Part year and Non resident tax returns
April 08, 2020 09:00 - 2 minutes - 1.15 MBLearn about what a part year and non resident income tax returns are and why it’s so important to know residency rules for taxation purposes.
Is Now the Time to Start Buying Stocks During the COVID-19 Bear Market?
March 21, 2020 19:00 - 2 minutes - 1.21 MBDISCLAIMER: Mactax is not responsible for any financial advice given. Please do your own research and consult with your financial advisor before acting on any advice/opinions in this episode.
2020 Tax Law Changes to Traditional IRA Retirement Accounts
February 17, 2020 10:00 - 4 minutes - 1.87 MBThe Further Consolidated Appropriations Act of 2020 made changes to traditional IRA's. These changes included removing the age cap to contribute to a traditional IRA, raises the age to 72 for RMD's, and changes the rules for inheriting a traditional IRA. Tune into this weeks episode to learn the full details about the FCAAs impact on traditional IRA retirement accounts and how to change your tax strategy to adjust for these new law changes.
How to Avoid IRS Matching Notices
February 07, 2020 10:00 - 3 minutes - 1.52 MBTax Season is upon us but don’t be too eager to file for that refund before you get all of your tax documents in! Filing too early could run you the risk of forgetting about certain tax documents you need to complete your return. Take inventory of 2019 and establish what you need and where you made money before filing.
How to Deduct State Taxes
January 19, 2020 10:00 - 2 minutes - 1.29 MBCan you deduct state taxes on your personal and business federal tax return? If so how much can you write off? Tune in to this week’s episode to find out!
Life Insurance Premiums NOT Tax Deductible
January 14, 2020 10:00 - 2 minutes - 1.24 MBAny personal or business life insurance premiums paid to benefit an officer, employee or yourself are NOT tax deductible. If paid through a business these premium expenses must be reversed out each year as a permanent tax adjustment. All life insurance plans owned by an employer must be reported on form 8925 each year. Consequently life insurance payouts are tax free to the beneficiary, so at least it’s fair in that sense.
2020 Tax Documents for Tax Season
January 10, 2020 04:27 - 3 minutes - 1.49 MBLearn about what each tax document is and what tax documents you should be expecting to receive this year in order to complete your 2019 tax return.
Tax on Holiday Gifts 🎁?
December 30, 2019 19:07 - 3 minutes - 1.34 MBHappy Holidays everyone! Hope you got all the gifts and got to spend time with the family (hopefully you wanted that too). Have you ever wondered if you have to pay tax on those gifts you received? What if it’s a big gift, like a car? Tune into the latest episode to learn who has to pay the tax on gifts...the answer may surprise you.
Obama Care ACA Individual Mandate Repealed
December 18, 2019 23:14 - 3 minutes - 1.65 MBBreaking news out of the US court of Appeals! The US appeal court division just ruled that the individual mandate of the Affordable Care Act (Obama Care) was ruled unconstitutional. Therefore solidifying the removal of the requirement to report on your taxes whether you had health insurance AND removing the penalty if you did not have health insurance for any month throughout the year. With the repeal of the individual mandate you will notice that there is no more check box on your tax return...
Year End Tax Planning Tips
December 13, 2019 10:00 - 3 minutes - 1.71 MBMajor theme of year end tax planning is that documentation is key 🔑 Any tax deduction whether it’s charity, IRA contribution, mortgage interest, teacher out of pocket expenses, or just closing out your books for your business, you will need the documentation to take the tax deduction. Now is the time to get ahead and start organizing your files before the craziness starts next year.