Latest Posts with taxes tag


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Understanding the Audit Process

17 hours ago 2 minute read 0 comments zadmed

If you've received a notice of audit from the IRS here's a few things you should know to ensure that your experience is as painless as possible. The last thing you want to do is ignore the request for documentation. Even if you don't have what's bein...

Tax Sherpa Stories - Episode 1: The Time I Owed $1,000,000 to the IRS

19 Jan 2021 38 minute read 0 comments nealmcspadden

Welcome to the first episode of Tax Sherpa Stories, where I share with you stories from the front lines of the tax world, current events that affect tax, finance, and markets, and a whole lot more. In this episode, I share my personal story with tax...

New Show Announcement! Tax Sherpa Stories

18 Jan 2021 1 minute read 0 comments nealmcspadden

Link to the discord show: Hey guys, quick announcement, starting Monday the 18th of January at 3:00 PM. Eastern, I am starting a new show called the Tax Sherpa stories. And on this show, I'm going to be talking about,...

New Covid Stimulus Bill - PPP Money and $600 Direct Checks

7 Jan 2021 5 minute read 0 comments nealmcspadden

We are still awaiting the full text, but here's what we know so far. Transcription: It is Monday, December 21st, 2020 and we just got the news last night and tonight that Congress has now reached a 900 billion dollars Covid stimulus deal and were sti...

$600 Economic Impact Payments are Coming... NOW!

7 Jan 2021 4 minute read 0 comments nealmcspadden

$600 Payments from the IRS are coming.... NOW! Press release from the IRS just hit the wire and some people will start seeing deposits as early as tonight. Full walkthrough in the video.

Dems Win the Blue Wave - What's Next for Taxes?

6 Jan 2021 1 minute read 0 comments nealmcspadden

It is January 6, 2021, in the morning and we just had the Georgia runoff for the senate races last night or yesterday. The various media outfits are calling the elections for the democrats on both races. This means that we are looking at a democrat-...

Why do you need a crypto tax calculator?

26 Dec 2020 1 minute read 0 comments Cryptotexty

I just read an article about the crypto tax calculator. The author of the article helped his Australian friend to buy some cryptocurrencies, particularly Cardano and Ripple.  While some people live in one of a handful of jurisdictions where capital g...

Cryptocurrency taxes strategy - Deferring taxes and putting them to work for you

20 Dec 2020 2 minute read 1 comment Behiver

Paying taxes upon the cryptocurrency profits is a subject of high importance that evens the Bitcoin all time high reached these days. We want it or not, regardless of the country we are living in, taxes are a pain in the ass and we all need to g...

The Weekly Summary - Entrepreneurship Edition [Issue 29.2]

31 Oct 2020 1 minute read 10 comments tvlachak

Issue 29.2 / October 31, 2020 Entrepreneurship Start one brick at a time and it will eventually become a building. "If you're a creator, you're an artist. If you're a creator, you're an entrepreneur. If you're a successful creator, it's because you...

Taking skin: the IRS' 2020 crypto reckoning

24 Aug 2020 2 minute read 6 comments Spitkitten

The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.--Mark Twain Not that I'm a lawful good tax lover or anything, but I've seen, first hand, on multiple occasions, the emotional dumpster fire of an audit...