Latest Taxpolicy Podcast Episodes
62: Businesses Can Still Claim ERC Pandemic Relief
Taxgirl Podcast - September 14, 2021 12:00 - 40 minutesIn March of 2020, Congress introduced a new tax credit: the Employee Retention Credit (ERC) as part of the CARES Act. The ERC was a direct response to the pandemic and was designed to help businesses keep employees on the payroll. But the ERC got off to a rocky start and was quickly overshadowed...
61: Keeping Up with New Tax Technology Amid the Changing Tax Code
Taxgirl Podcast - September 07, 2021 12:00 - 27 minutesWhile the subject of partnerships has brought Kelly many headaches, many tax professionals are drawn to them because of their notorious detail and nuance. It may come as no surprise that new tax technology innovations often find their way into the world of partnerships before other areas of the ...
60: How Intellectual Property is Valued After Death: The Michael Jackson Estate Case
Taxgirl Podcast - August 31, 2021 12:00 - 34 minutesMichael Jackson’s death on June 25th 2009 shocked the world. And the legal drama that followed shocked many tax attorneys. At the time of his death, Jackson was clearly worth millions, but the exact value of his estate was unclear. The matter eventually ended up in court with a ruling that Micha...
59: Going Freelance: How to Navigate the Gig Economy and Self Employment Tax
Taxgirl Podcast - August 24, 2021 12:00 - 36 minutesIn 2017, the Bureau of Labor Statistics found that over 36% of Americans are a part of "the gig economy," a dramatic increase from 2-4% in 2005. This is the most recent data available and does not account for pandemic numbers. Those jobs aren’t just paid differently, there are different tax cons...
58: Financial Psychology: How the Mind Influences Money Management
Taxgirl Podcast - August 17, 2021 16:00 - 45 minutesAs we come out of the pandemic, many taxpayers find that they are not in the same financial situation as they were before. Some lost jobs or businesses, while others took on extra debt. Many of the expenses, from healthcare to mortgage payments, remained on the table, even if they were delayed o...
57: Do Billionaires Pay Income Tax? Unpacking that Viral Tax Leak from ProPublica
Taxgirl Podcast - August 10, 2021 16:00 - 40 minutesEarlier this month, ProPublica made waves when it published what it said was verified IRS information showing that billionaires, like Jeff Bezos and Warren Buffett, pay little in income tax compared to their massive wealth. ProPublica described the info as “an unprecedented look inside the finan...
56: Diversity and Inclusion in Finance & How to Boost the Momentum
Taxgirl Podcast - August 03, 2021 16:00 - 27 minutesWhat did you do in 2020 to make a change for the better? Last year, companies were asked to be accountable and actionable about their diversity and inclusion efforts. The results have been mixed. As Derrick Coleman of Creative Financial Staffing has written, “Improving diversity at an organizati...
55: What You Need To Know About The G20 & A New Global Minimum Tax Rate
Taxgirl Podcast - July 27, 2021 16:00 - 25 minutesThe current G20 countries account for more than 80% of the world’s GDP, 75% of global trade, and 60% of the world’s population. This summer, all eyes will be on the G20 summit as they tackle issues related to the global minimum corporate tax and profit reallocation of multinational enterprises. ...
54: Tax Basics on TikTok: How Tax Professionals Can Grow a Social Media Following
Taxgirl Podcast - July 20, 2021 16:00 - 29 minutesIn June, Taxgirl wrote a story referencing a bad tax take on TikTok. It was a case of tax advice going viral for all the wrong reasons, and a lack of understanding of tax basics. Shortly after publishing the story, Taxgirl received a message from Duke Moore who wrote, “TikTok generally gets a ba...
53: How Technology in Finance Provides Job Security to Tax Professionals
Taxgirl Podcast - July 13, 2021 16:00 - 39 minutesWhen it comes to tax and technology, our understanding of the implementation often ends at, “My clients upload their data to the cloud.” But there’s so much more to technology in finance than just “the cloud.” There are many ways people in the tax profession can benefit from embracing today’s re...
52: Child Tax Credit Explained: 2021 Tax Changes Affecting American Families
Taxgirl Podcast - July 06, 2021 16:00 - 31 minutesThere are important tax changes coming this summer for families. Specifically, the child tax credit will enable families to get advanced payments. This is a change from prior years where the credit was calculated and paid out at tax time. The credit is not a new credit, it’s an enhanced credit a...
51: Marriage Finances and Matrimonial Law: Family Asset Planning After Divorce
Taxgirl Podcast - June 29, 2021 16:00 - 31 minutesFrom Bill and Melinda Gates, to Ben Affleck and JLO, we love the gossip surrounding celebrity weddings, almost-weddings, and divorces. But often, the real life consequences of those weddings, almost-weddings, and divorces are anything but Hollywood glam. Matrimonial Law Professionals Know Fami...
50: How Women in Leadership are Shaking Up the Tax and Accounting Landscape
Taxgirl Podcast - June 22, 2021 16:00 - 34 minutesAccording to the Financial and Accounting Women's Alliance, women represent 50% of all full time staff at CPA firms, but make up just 27% of partners and principals. Even though more and more women are entering the tax and accounting professions, women are still vastly underrepresented in manage...
49: How Family Wealth Planning is Evolving to Benefit Every American Family
Taxgirl Podcast - June 15, 2021 16:00 - 36 minutesAll too often, wealth planners focus only on the dollars. From annual monetary gifts to conditional clauses in inheritance documents, the subject of family wealth planning isn’t always the most flexible or the most broadly accessible for the everyday American family. Richard and Claudia explain ...
48: Transfer Pricing: Digital Transformations and Transparency
Taxgirl Podcast - June 08, 2021 16:00 - 33 minutesTransfer pricing may be one of the most talked-about and least understood tax topics right now. The underlying concept is simple: it’s the method for pricing transactions between related parties. But what qualifies as “related parties” and how those transactions are valued have become increasing...
47: How Virtual Tax Prep Can Be A Better Experience For Tax Pros and Taxpayers
Taxgirl Podcast - June 01, 2021 16:00 - 41 minutesMany tax accounting firms were busy in 2020 despite the challenges of the pandemic, but not all of them experienced record-breaking positive growth. By staying on top of new technology and offering online tax services with the best tax software, preparers spend more time with clients, and taxpay...
46: How To Utilize The Foreign Earned Income Exclusion
Taxgirl Podcast - May 25, 2021 16:00 - 34 minutesOver 9 million Americans live outside of the United States. Sometimes, living outside of the United States can be advantageous on your taxes. Under the Foreign Earned Income Exclusion, taxpayers may be able to exclude income from their United States taxes. The FEIE can make living and working r...
45: Women In Business: The Road To The Top Of The Tax Profession
Taxgirl Podcast - May 18, 2021 16:00 - 31 minutesDespite the inroads women have made in the tax profession, it’s still a very male-dominated profession, especially at the top. In 2019, only about 20% of all equity partners were female, according to the National Association of Women Lawyers. Thankfully, it’s an issue that is starting to garner ...
44: The Increasing Importance Of Data Security
Taxgirl Podcast - May 11, 2021 16:00 - 39 minutesAs society continues to do more online, data security is more important than ever before. That goes for your taxes and the IRS as well. In their annual report, the IRS identified $2.3 billion in tax fraud schemes in 2020. With the 2021 tax season continuing, it’s something businesses and individ...
43: NFTs And The Tax Implications Of Using An NFT Marketplace
Taxgirl Podcast - May 04, 2021 16:00 - 28 minutesThe evolution of cryptocurrency and the blockchains that power it has taken yet another step forward with the creation of NFTs or non-fungible tokens. NFTs have been in the news quite a lot lately, garnering support from some of the biggest names in art, sports, and technology. However, with NFT...
42: Everything You Need To Know About R&D Tax Credits
Taxgirl Podcast - April 27, 2021 16:00 - 31 minutesIf innovation is instrumental in moving the country forward, then the R&D tax credit is helping to pave the way. While you might think you’ll need lab coats and microscopes to qualify, the R&D tax credit is broad enough to fit a variety of industries. And with more than $18 billion in research a...
41: Crypto Taxes
Taxgirl Podcast - April 20, 2021 16:00 - 38 minutesCryptocurrency is once again making big waves in the news thanks to Bitcoin and Dogecoin riding high, Tesla accepting payment in the form of Bitcoin, and the IRS asking about it on your tax forms. But without proper guidance from the IRS, there are still plenty of questions surrounding crypto ta...
40: Working at the Internal Revenue Service
Taxgirl Podcast - April 13, 2021 16:00 - 36 minutesEveryone 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 disadvantag...
40: IRS Jobs: Why You Should Work For The IRS
Taxgirl Podcast - April 13, 2021 11:00 - 36 minutesEveryone 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 disadvantag...
39: Accidental Tax Residents
Taxgirl Podcast - April 06, 2021 16:00 - 32 minutesWith the 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 t...
39: Accidental Tax Resident: COVID-19’s Impact On The Substantial Presence Test
Taxgirl Podcast - April 06, 2021 11:00 - 32 minutesWith 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 co...
39: Accidental Tax Resident
Taxgirl Podcast - April 06, 2021 11:00 - 32 minutesWith the 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 t...
38: Figuring Out Nanny Taxes
Taxgirl Podcast - March 30, 2021 16:00 - 40 minutesWhile 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 prov...
38: Nanny Taxes: What To Know About Being A Household Employer
Taxgirl Podcast - March 30, 2021 11:00 - 40 minutesWhile 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 prov...
37: The Tax Hurdles Of Moving Abroad
Taxgirl Podcast - March 23, 2021 16:00 - 39 minutesMore 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 cha...
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