taxes

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US Tax Law and Cryptocurrency Part 4: Gift Taxes

26 Mar 2021 4 minute read 2 comments Phul $0.02

Making this thumbnail may have gotten slightly out of hand, but it's safe to say that I had some fun with it. I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the inter...

Winning Money? How The IRS Taxes Gambling

26 Feb 2021 4 minute read 1 comment MintDice.com $3.09

As January 2021 fades into February, it’s almost time for that dreaded time of year, also known as tax season. Tax season can be happy for many people (especially those who get a refund year after year) but can be difficult for others who end up owin...

Democrats Stimulus Plan is a Big Win for Taxpayers with Kids

25 Feb 2021 6 minute read 0 comments nealmcspadden $0.01

The Democrats have released their bill for the $1.9 trillion stimulus plan. This isn't a law yet, but since the Dems have the Congress and the Presidency, this will likely be very close to the final bill. In this video I go over the stimulus payments...

Tax Sherpa Stories Episode 3 - How Not to Get Audited Because of Your Tax Preparer

25 Feb 2021 37 minute read 0 comments nealmcspadden $0.01

      This episode is Tax Sherpa Stories about people who have been hit with audits because of their tax preparers, and how you can avoid the same fate. Don't be like Alice & Bob that caught a $10,000 fine! Subscribe to the podcast: YouTubeiTunesSp...

Tax Sherpa Stories Episode 2 - Are 401ks a Scam?

2 Feb 2021 42 minute read 0 comments nealmcspadden $0.02

  Episode 2 was a great one. We talked about some 401k stories, a bit about the history of the different retirement plans over the past 100 years, and how the 401k has actually worked out (or not) for people since the ERISA act in the 1970...

Understanding the Audit Process

24 Jan 2021 2 minute read 0 comments zadmed $0.02

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 $0.03

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 $0.12

Link to the discord show: https://tinyurl.com/taxstories 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 $0.01

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 $0.02

$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. https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering...