Episode 81 - What's Tax Got To Do With It?

Taxes are not a once a year thing but a yearlong process. Owen shares more news and tips to help you with that yearlong process. In this episode: 

• Late breaking news: The US Court of Appeals upholds 3 tax preparers’ endeavor to undo the regulatory  authority that the IRS has in regard to tax preparers
• Tracking down your tax forms
• Nanny taxes
• The IRS’ mobile app
• Is there a price to pay for winning the gold at the Olympics?
• How can you become the best tax client ever?
• And more

Don't even get Owen started on cookie cutter tax services... Oh, wait. Too late. Then, Owen is joined by Ameriprise Financial's Justin Elliott and Ryan Mason.

You'll enjoy these topics of conversation:

• Should file early or wait a little? It depends. Find out why.
• Superbowl and taxes
• H&R Block, Liberty Tax, etc., etc., etc.
• The $862,000 tax refund
• Tax return transcripts. Huh?
• Tax mistakes you don’t know you’re making
• Life insurance: Necessary evil or sophisticated investment strategy?

Seriously? $16 million in undeliverable 2012 tax refunds in California? Whoa. Find out how to get your money in this episode. Owen doesn't hold back talking about how people look for tax preparers. You'll get the good, the bad, and, oh yeah, the ugly.

Also:

• Laundry and taxes?
• Rise of the fraudsters
• The 10 most litigated tax issues
• Tax court
• Replacing the Earned Income Tax Credit?
• 5 Terrible Tax Surprises
• What happens after you file your tax return

Owen takes taxes by the reins and shares with you practical tips you can put into practice right away. Plus:

• What’s  an EA? We’ll break it down.
• Do you need to file a tax return? It depends.
• Traps to watch out for in 2014
• Obamacare

Owen talks taxes and tips. Then Justin Elliott and Ryan Mason join the conversation to provide market insights.

Also:

• Tips for preventing fraud
• How to start a mileage log
• Is the IRS shifting to self-service?
• Tax law reform
• Using an IRA to fund a business - good or bad?
• Property taxes
• Justin Elliott and Ryan Mason of Ameriprise Financial provide insight on the market

The dead don’t talk but they have been know to file taxes! Plus:

• IRS Commissioner John Koskinen
• The Death Master File
• Average costs for tax preparation and how my company compares
• Has Form 1040 changed?
• W2 and 1099 update
• The dumbest taxes in recent history
• Is it wise to use an IRA for short-term borrowing? Or to fund your business?
• Who’s afraid of the Alternative Minimum Tax?
• Michael Jordan’s most significant contribution to pro sports

Recorded 12.28.2013

Owen packs this episode with more wholesome tax tips, news and information. It's just what the tax doctor ordered! Included in this episode are:

•  How social security is calculated 
•  How the IRS is using Google Maps to spy on tax payers 
•  The tax treatment of commuting costs 
•  Home improvements and tax savings 
•  New nominee for IRS Commissioner approved: John Koskinen 
•  What does toilet paper have to do with a tax exemption? 
•  Mortgage interest deductions
•  4 rules for deducting business meals

Note: The IRS is not accepting tax returns until January 31, 2014. Be sure to get with your tax professional well before then.

Recorded 12.21.2013

Real estate expert David Jurewicz takes the mic and talks about:

• 2013 Real estate in review
• 2014 Real estate predictions
• Remembering Buzz Oates
  
• Paperless real estate transactions
• A new real estate bubble that could impact the world

Visit David Jurewicz at DaveRocketRadio.com and SellYourHomeForTopValue.com.

Recorded 12.14.2013

Ryan Mason and Justin Elliott, partners at Elliott, Mason & Associates, join Tax Sense co-host Randy Roth for this special episode. On the agenda are:

• Taxes and the clergy
• End of year planning
• Oregon's per mile tax test
• What's going on in the market and real estate
• The baby boomer retirement check
• How not to destroy your retirement portfolio
• Bitcoin
• The tax-funded robo-squirrel

Recorded 12.07.2013

Who knew taxes could be this fascinating? We did. Let's go:

• Doberman Pinschers and Taxes
• Audits and collections are increasing
• Max Baucus’ tax reform proposal
• Year-end tax planning moves
• Three business tax moves to make
• When mom and dad move in
• Celebrities who could have been CPAs
• Are you a member of the sandwich generation?

Recorded 11.30.2013