tax laws

Welcome to Episode 160 of The Numbers Game. In this episode, we delve into the world of tax fraud, exploring cases ranging from a $180 Million Tax Fraud to the TikTok GST Fraud. We look at the mechanisms of these scams, the failures of the Australian Tax Office in catching them, and the surprisingly low repercussions for tax fraud in Australia.

On this episode, we discuss:

• Unpacking the $180 Million Tax Fraud Case
• Detailed Explanation of the Fraud Mechanism
• Discussion on the ATO's Efforts and Failures
• How the System Fails to Catch Tax Fraud
• Conversation about a Client's 18-Year Tax Evasion Experience
• Discussion about the Lack of Repercussions for Tax Fraud in Australia
• Conversation about the TikTok GST Fraud
• Explaining the Mechanics of the TikTok GST Fraud
• Introduction to the Bank of Samoa Fraud

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Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:

Nick Reilly

Jason Robinson

Martin Vidakovic

This podcast is produced by VIDPOD.

In this groundbreaking episode of the Pilla Tax Podcast, Dan Pilla, a luminary in the field of tax litigation and compliance, takes on one of the most pressing issues in modern finance: the tax implications of cryptocurrency. With the digital currency landscape evolving rapidly, Dan provides crucial insights into how these changes impact taxpayers and the IRS alike.

In this episode, we delve deep into the world of cryptocurrency and its intersection with tax law:

1. Privacy vs. IRS Oversight: Dan addresses the common belief that cryptocurrency trades are private and beyond the reach of the IRS. He explores whether the IRS can access your crypto trade history and what that means for traders.
2. IRS Focus on Crypto Compliance: Is cryptocurrency compliance really a significant concern for the IRS? Dan examines how the IRS views crypto transactions and why understanding this perspective is crucial for anyone involved in digital currency trading.
3. Understanding the Taxability of Crypto: What are the most common misunderstandings about the taxability of cryptocurrencies? Dan breaks down the complexities and misconceptions surrounding crypto taxation, providing clarity in a field often shrouded in confusion.
4. Staying Compliant with Crypto Taxes: Lastly, Dan offers invaluable advice on what you need to know to stay on the right side of the law when it comes to cryptocurrency and taxes. From record-keeping to reporting, learn how to navigate these murky waters effectively.

This episode is a must-listen for anyone engaged in or interested in the world of cryptocurrency. Whether you're a seasoned investor, a curious newcomer, or a tax professional looking to stay ahead of the curve, Dan's insights offer a clear path through the intricate and often misunderstood world of crypto taxation.

Tune in to "Decrypting Crypto Taxes" on the Pilla Tax Podcast and arm yourself with the knowledge you need to navigate this rapidly evolving landscape confidently and compliantly.

#DanPilla #TaxExpert #PillaTaxPodcast #Cryptocurrency #CryptoTaxes #IRSScompliance #DigitalCurrency #TaxLaw #Finance #CryptoTrading #TaxPlanning #IRS #TaxCompliance #Blockchain #CryptoInvestment

In this must-listen episode of the Pilla Tax Podcast, Dan Pilla, celebrated as a titan in tax consultation and strategy, delivers an exceptional deep dive into critical year-end tax planning, investment strategies, and business tax considerations. With his unique blend of expertise and clarity, Dan elucidates complex tax scenarios, offering actionable advice for our listeners.

This episode covers three significant topics:

1. Reviewing Financial Portfolios: Dan begins by discussing the crucial task of reviewing financial portfolios, focusing particularly on the tax implications of capital gains and losses. This segment is invaluable for anyone looking to optimize their investment strategy for tax efficiency, understand market trends, and navigate the often confusing landscape of investment taxation.

2. Making Smart Equipment Purchases: Next, Dan takes us through the advantages of making business equipment purchases under Code §179. This is a goldmine of information for small business owners seeking to understand how strategic investments in their business can lead to substantial tax savings. Dan's expertise breaks down this complex code into practical, easy-to-implement strategies.

3. Crypto Currency Tax Considerations: Lastly, addressing the burgeoning field of digital currencies, Dan provides essential insights into the key tax considerations for crypto transactions. As crypto continues to gain traction, understanding its tax implications is crucial. Dan's guidance is especially timely and relevant, demystifying the nuances of crypto taxation.

Dan Pilla's ability to articulate these intricate topics in a clear and concise manner makes this episode a standout. Whether you're a seasoned investor, a small business owner, or simply keen on staying ahead in the world of finance and taxes, you'll find this episode packed with invaluable insights and tips.

Tune in to this episode of the Pilla Tax Podcast for an enlightening journey through the landscape of year-end tax planning and strategic financial decision-making. And remember, for more expert insights from Dan Pilla, don't forget to like, share, and subscribe!

Remember to like, share, and subscribe to the Pilla Tax Podcast for more expert insights from Dan Pilla.

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

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#DanPilla #TaxExpert #PillaTaxPodcast #YearEndTaxPlanning #InvestmentStrategies #BusinessTaxes #FinancialPortfolios #CapitalGains #TaxSavings #Section179 #CryptoCurrency #TaxAdvice #TaxPlanning #FinancialEducation #CryptoTax #BusinessGrowth

Welcome to a crucial episode of the Pilla Tax Podcast, especially designed for those looking to make smart tax moves as the year draws to a close. In Episode 38, we have the privilege of having Dan Pilla, a tax expert with over four decades of experience, who will provide invaluable insights into strategic tax planning as we approach the end of the year.

In this episode, we're focusing on three key areas:

1. Prepaying State Income Taxes: Dan addresses the strategy of prepaying state income taxes before December 31st. He elaborates on how this can be a smart move for some taxpayers, while also cautioning about potential downsides. It’s a nuanced discussion that can help you decide if this strategy works for your situation.
2. Wage Withholding and Estimated Payments Review: Next, we delve into the often-overlooked aspect of wage withholding and estimated tax payments. Dan guides us through the process of reviewing these payments and identifies common errors that taxpayers should avoid. This segment is essential for anyone looking to optimize their tax situation and possibly increase their take-home pay.
3. Financial Review and Tax Liability Forecast: Finally, Dan emphasizes the importance of reviewing your financial situation before the year ends. He explains how this proactive step can be crucial in managing unexpected tax liabilities and avoiding unpleasant surprises during tax season.

This episode is packed with expert advice and practical tips for both individual taxpayers and small business owners. Whether you're seeking ways to minimize your tax liability or just looking to better understand the end-of-year tax landscape, this podcast is for you.

Tune in now and step into the new year with confidence, equipped with the knowledge to make informed tax decisions.

Remember to like, share, and subscribe to the Pilla Tax Podcast for more expert insights from Dan Pilla.

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

YouTube: https://www.youtube.com/@pillataxacademy

FaceBook: https://www.facebook.com/pillataxacademy

Instagram: https://www.instagram.com/pillataxacademy

#DanPilla #TaxExpert #PillaTaxPodcast #EndOfYearTaxPlanning #TaxStrategies #StateIncomeTax #TaxWithholding #FinancialReview #TaxLiability #TaxTips #FinancialPlanning #TaxAdvice #SmallBusiness #PersonalFinance #IRS #TaxSeasonPrep

Welcome to another enlightening episode of the Pilla Tax Podcast, where today's focus is on a subject that offers hope and relief to many: Forgiveness of Tax Debt. Join us as Dan Pilla, a renowned tax litigation expert with a wealth of experience, sheds light on this critical topic.

In this episode, Dan answers some of the most pressing questions about tax debt forgiveness:

1. Qualifying for Tax Debt Forgiveness - Dan begins by explaining the specific circumstances that can lead to the forgiveness of tax debt and who typically qualifies for such relief. This segment is particularly insightful for those who feel overwhelmed by their tax obligations.

2. The Process and Timeline - Next, we delve into the procedural aspects. What does applying for tax debt forgiveness involve? How long does the process usually take? Dan's answers provide a clear roadmap for those considering this option.

3. Long-Term Implications - Finally, an often-overlooked aspect: the long-term consequences and considerations. Dan discusses what taxpayers need to know about the future financial and legal implications of having their tax debts forgiven.

This episode is not just about finding a way out of tax debt; it's about understanding the journey through it. Whether you're a taxpayer facing daunting debt, a tax professional seeking to guide clients, or simply interested in the complexities of tax law, this podcast offers valuable insights and guidance.

Tune in to gain a deeper understanding of tax debt forgiveness from one of the most knowledgeable minds in the field. Remember to like, share, and subscribe for more expert insights from Dan Pilla on the Pilla Tax Podcast.

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

YouTube: https://www.youtube.com/@pillataxacademy

FaceBook: https://www.facebook.com/pillataxacademy

Instagram: https://www.instagram.com/pillataxacademy

#DanPilla #TaxExpert #PillaTaxPodcast #TaxDebtForgiveness #TaxRelief #FinancialFreedom #TaxLaw #DebtRelief #IRSDebt #TaxResolution #FinancialPlanning #TaxAdvice #TaxStrategy #TaxLitigation #TaxGuidance #DebtManagement

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Welcome to a new episode of the Pilla Tax Podcast, where we dive deep into one of the most talked-about topics in the tax world today: the Employee Retention Credit (ERC). With his unparalleled expertise in tax law and a knack for simplifying complex issues, Dan Pilla, America's leading tax authority, breaks down everything you need to know about the ERC.

In this episode, Dan addresses the core questions surrounding this hot topic:

What is the Employee Retention Credit? - Dan starts with the basics, explaining what the ERC is and its significance for businesses navigating the challenging economic landscape.

Why is the IRS Concerned? - We then shift focus to understand why the IRS is paying close attention to the ERC. Dan delves into the reasons behind the IRS's concern and what it means for businesses.

Safely Benefiting from the ERC - The most crucial part of our discussion revolves around how small businesses can maximize the benefits of the ERC while minimizing risks. Dan provides actionable strategies and compliance tips to ensure businesses can confidently claim the credit without fear of repercussions.

Whether you're a small business owner, a tax professional, or just interested in the dynamics of tax incentives, this episode is packed with invaluable insights. Dan's detailed breakdown not only clarifies the concept and implications of the ERC but also offers practical guidance on navigating it effectively.

Don't forget to like, share, and subscribe to the Pilla Tax Podcast for more expert insights from Dan Pilla. Stay informed and stay ahead in the ever-evolving world of taxation!

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

YouTube: https://www.youtube.com/@pillataxacademy

FaceBook: https://www.facebook.com/pillataxacademy

Instagram: https://www.instagram.com/pillataxacademy

#DanPilla #TaxExpert #PillaTaxPodcast #EmployeeRetentionCredit #ERCTaxCredit #SmallBusiness #TaxAdvice #IRSGuidelines #TaxIncentives #BusinessFinance #TaxCompliance #TaxStrategy #BusinessGrowth #IRSConcerns #TaxBenefits #FinancialPlanning

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Welcome to the latest episode of the Pilla Tax Academy! As America's leading tax authority, Dan Pilla dives deep into a topic that has been causing ripples in the small business community: the increased frequency of IRS business audits.

In today's episode, we tackle the pressing questions that have been on the minds of entrepreneurs and business owners:

• Why has the IRS been signaling an uptick in business audits for over the past year?
• As a small business owner, should you be alarmed?
• How does the IRS determine which businesses to scrutinize?
• Most importantly, what strategies and insights can you employ to emerge victorious in an IRS audit?

With over 40 years of tax litigation expertise and a vast repository of knowledge on IRS problems, Dan Pilla unravels the nuances of the auditing process, offers preventative advice, and empowers businesses with the tools they need to face potential audits confidently.

This episode of the Pilla Tax Academy is a listen to for every small business owner, tax professional, and anyone interested in understanding the inner workings of the IRS audit process. Equip yourself with knowledge straight from the industry's best, and ensure your business stands strong in the face of any IRS scrutiny. Know what to do, and if you don't Pilla Tax Academy is here to quickly help you.

Don't forget to like, share, and subscribe for more invaluable insights and guidance from the Pilla Tax Academy.

#DanPilla #TaxExpert #PillaTaxAcademy #IRS #BusinessAudits #AuditPrevention #TaxCompliance #TaxLitigation #SmallBusiness #IRSProcedures #AuditStrategies #TaxPlanning #AuditTips #IRSInsights #BusinessStrategy #TaxProtection #AuditDefense

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In this episode Dan Pilla covers the fact that last year Congress granted $80 billion additional funding to the IRS. Now we hear that money was cut. What’s the deal?

What can we expect from IRS enforcement going forward?

Are they planning to spend any money on taxpayer assistance?

Dan goes in deep on this topic and much more!

Be sure to take advantage of all Dan's resources at www.PillaTaxAcademy.com

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Welcome to the "Pilla Tax Podcast," where we bring you face-to-face with Dan Pilla, renowned as the USA's Top Tax Expert. With more than four decades of real-world tax resolution experience, Pilla's insights are your passport to an enlightened understanding of the complex tax system. As an innovator and the 'father' of the tax resolution industry, Dan has shaped the approach of tax resolution practitioners nationwide.

Join us as we delve into the nitty-gritty of tax matters - from prevention to resolution. Regardless of your vocation - whether you're a taxpayer, enrolled agent, tax attorney, CPA, or business owner, Pilla Tax Podcast is your go-to platform for all things tax. Stay ahead of the IRS and understand the ever-evolving tax code with Dan Pilla as your guide. Let's beat taxes, one episode at a time!

In this 1st Episode Dan discusses the IRS' release that they will no longer show up to a person's home unannounced. Dan covers this and goes into his incredible history of how he got started at the age of 18 in the Tax Resolution Business. 

Be sure to take advantage of all Dan's resources at www.PillaTaxAcademy.com

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Tax Day is creeping up on us! Ever wondered, why doesn’t anyone say Happy Tax Day? Cause doing taxes suck!

With tax day right around the corner you could be doing one of these three things;(1) chillin, cause you have your ish together and already submitted your taxes, (2) scrambling to get your ish together to just make it to the deadline by the skin of your teeth,Or (3) throwing up your hands, thinking,”fuck it” and buying yourself more time by submitting to get an extension until October.

No matter what position you’re in right now, it’s always good to know more about the tax system, how it works and more importantly, learn who benefits from tax policies and who suffers aka how it affects YOU. 

Like did you know that Black people are 3 to 5 times more likely to get audited? Yep, tax policies are kinda racist, so let’s learn how the IRS, aka the Tax police, are keepin’ Black folks from building wealth.

In this episode of That Wasn’t In My Textbook, your favorite historian(me) along with bad-ass tax law professor, author, researcher and tax policy expert, Dorothy A. Brown will:

• Walk you through why we have taxes and how they work
• Give you a brief overview on how taxes are apart of the creation of America
• Draw the connection of how Black people were seen as property that needed to be taxed, and how this practice continued after the abolition of slavery
• Learn different tax policies that continues to disadvantage Black people, like the mortgage deduction 
• Solutions that can help right the wrongs of the tax policy system so Black people are no disadvantaged

Join me as we speak with Dorothy A. Brown, a law professor at Emory University, and top expert who sheds light on how the U.S. tax system unfairly disadvantages Black Americans by giving preferential treatment to wealthy White individuals through various policies.

Put down that stuffy, boring textbook, grab your earbuds, and get into the most lit history lesson EVER! And don't forget to rate and subscribe!

Stay in Touch:

• Visit our website. Follow the podcast on Instagram, Twitter, and Facebook, and feel free to donate. 
• To learn more about the podcast host Toya, visit ToyaFromHarlem.com. Connect with Toya on Instagram and Twitter, or buy her a coffee.
• To learn more about today's guest Dorothy A. Brown,  check out her website, Twitter, and book. 

The episode was researched and scripted by host Latoya Coleman (Toya From Harlem).

STAY IN TOUCH:

• Visit our website. 
• Follow  and tag @thatwasntinmytextbook on Instagram, Twitter, and Facebook, and feel free to donate. 
• Sign up for podcast newsletter 
• To learn more about the podcast host Toya, visit ToyaFromHarlem.com. Connect with Toya on Instagram and Twitter, or buy her a coffee.

EPISODE CREDITS:
Research and scripted by host Latoya Coleman (@ToyaFromHarlem).
Edited and Mixed by Julius Shepard-Morgan
Music Licensed through Epidemic Sound

Tune in to hear:

- Jeff is known on Twitter for his complex deep dives into the world of tax legislation - what got him interested in this in the first place?

- What is keeping us from a more simplified tax code? Is it really as complicated as it appears or is there some subterfuge here where the complexity is just a feature and not a bug?

- When Jeff hears politicians and everyday people talking about tax schemes - which ideas sort of make him cringe and which ideas around taxation does he find to be widely misrepresented?

- How does Jeff see the conversation around “taker states” vs. “maker states” playing out? Does this cause infighting and strife and is there anything that can be done to address this?

- If Jeff could wave a magic wand and become president, what immediate changes would he make to the US tax code?

- What are some common sense steps the average person can take to minimize their tax burden?

- What are a couple of the strangest things he’s ever seen written off?

- What can advisors do, with the respect to tax, to set themselves apart from the crowd without taking on excessive risk?

https://twitter.com/CPAPlanner

https://www.linkedin.com/in/jeff-levine

Compliance Code: 1020-OAS-6/13/2022

Topics Discussed:

• Abortion clinics requests for ambulances with no lights or sirens
• Kamala Harris endorses Terry McAuliffe in video to be shown in 300 Virginia churches
• The USPS covert spy operation
• Dallas Morning News: “The most innocent victims of Texas abortion ban: Children forced to carry their abuser’s baby”
• New Vice article proves why abortion shouldn’t be sent back to the states

Links Mentioned:

• Abortion Business Asks for Ambulance with No Lights or Sirens During Medical Emergency - Operation Rescue
• Kamala Harris, Terry McAuliffe criticized for campaign ads targeting Virginia churches - The Christian Post
• Why Did The US Postal Service Run A Covert Program Monitoring Americans’ Social Media Activity After January 6? - The Political Insider
• Covert Postal Service unit probed Jan. 6 social media - Politico
• USPS mail delivery is about to get permanently slower and temporarily more expensive - USA Today
• The most innocent victims of Texas abortion ban: Children forced to carry their abuser’s baby - Dallas Morning News
• Our Child Predator Investigation
• Here’s What It’s Like to Flee Texas and Drive 200 Miles for an Abortion - Vice News
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California's Proposition 19, goes into effect on April 1, 2021,  offering many protections to California home owners. If you are a California homeowner or investor, could you take advantage of the new benefits provided under this new law? Today's Five Minute Friday offers a quick summary of what Prop 19 is all about. 

1. Senior citizens often live in homes that are no longer a fit because it may be too large or far away from loved ones or medical providers.

2. Severely disabled individuals might live in a residence that is no longer safe or suitable.

3. California wildfire victims, possibly losing everything if their home was destroyed, could have property tax hikes if they desire to move to a new home.

Because of these new advantages and if you meet any of the criteria above, this might be the time to selling your California home, even if it is a rental home or a vacation home.

Have a listen to learn more about Proposition 19. If you are interested in taking advantage of Proposition 19 by selling your rental home or buying an investment property, our real estate sales division can help!

Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/

This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.

Are Wall Street and Main Street disconnected?

Elections and the markets.

How to handle IRA beneficiaries under the new tax laws.

We each give our tip of the month.

Hosted by Creative Planning Director of Financial Education, Jonathan Clements and President, Peter Mallouk this podcast takes a closer look into topics that affect investors. Included are in-depth discussions on financial planning issues, the economy and the markets. Plus, you won’t want to miss each of their monthly tips!

Important Legal Disclosure: 
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Have questions or topic suggestions? 
Email us @ podcasts@creativeplanning.com

Thinking about becoming an Accountant/Certified Public Accountant?  Interested in owning an Accounting Firm?  Learn Before You Leap with Ayn Hanselmann! 

In today's conversation, Ayn tells you everything that you need to know about how to become an accountant, what a typical day is like on the job, the advantages and drawbacks of the profession and what sort of education and training is best.  We even discuss the CPA exam and continuing education.

Ayn, as a partner/owner of Troiano & Hanselmann, also talks about what it is like to own and operate your own Accounting Firm.   

We loved our conversation with Ayn, and we think you will too!  This is an extremely informative conversation for anyone considering Accounting as a career!

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