In this episode, we're here to help you conquer your fear of taxes! Taxes can be intimidating, complex, and downright scary, but fear not, because we've got some tips and tricks up our sleeves to help you take control of your finances and defeat the tax monster. Join us as we break down the daunting world of taxes into a few manageable pieces. In this episode, we'll discuss: Understanding what an IRS audit (examination) actually is How you can actually control your relationship with the IRS How ...
Oct 31, 2023•21 min
Join us for a special episode of Teaching Tax Flow: The Podcast as we take a step back to reflect on the journey from our very first episode to where we are today. In this episode, we delve into the pivotal moments that have shaped our organization and discuss the exciting road ahead. Over the past year, we've had the privilege of exploring the intricate world of taxes, providing valuable insights, tips, and strategies to our dedicated audience. We'll revisit some of the most memorable moments, ...
Oct 24, 2023•17 min
In this episode, we have the privilege of picking the brain of Chris Picciurro, the Founder and Educator of TTF (Teaching Tax Flow). Join us as we embark on a dive into the world of understanding Federal Tax Energy Credits. With Chris as our guide, we'll unravel the intricacies of the tax credits available to homeowners and renters, demystifying the often overwhelming opportunities in this space. Navigating the landscape of federal tax energy credits can be a complex and daunting task for homeow...
Oct 17, 2023•30 min
In this episode of the podcast, Chris and John from the Teaching Tax Flow team dive deep into the newly released tax brackets for 2023. Tax planning can be intimidating, but understanding your tax bracket and Marginal Tax Rate (MTR) can make a difference in your financial planning. Tune in as Chris and John break down the crucial distinction between your tax bracket and MTR and why both are essential concepts to grasp. They'll shed light on how your tax bracket is determined and how it can affec...
Oct 10, 2023•28 min
In this episode, we dive into the world of taxes and medical expenses. Join us as our team walks you through the process of maximizing your medical expenses on your taxes. With detailed recordkeeping being key, we discuss tips and tricks for keeping track of all your medical expenses throughout the year. From deductibles to prescriptions, we cover it all while shedding light on the importance of taking advantage of these tax benefits. While talking about maximizing medical expenses on your taxes...
Oct 03, 2023•25 min
Join us on this insightful episode as we delve into the intriguing world of business failures with our esteemed guest, Jon Neal, CPA, MST, CPFP, CTP, and founder of The Neal Group. This thought-provoking conversation explores why businesses may fail in the modern age, going beyond the commonly assumed notion of undercapitalization. From inadequate market research to poor planning, we uncover the hidden pitfalls that entrepreneurs often face and discuss how these challenges can be navigated succe...
Sep 26, 2023•31 min
Join us in this illuminating episode as we welcome LaShawn Thomas, the Director of Government Relations at MICPA, for an insightful exploration into the intricate world of state taxation. Get ready to uncover the journey of how taxes are created and navigate their way through the legislative process at the state level. LaShawn brings her extensive expertise to the table, shedding light on the behind-the-scenes workings of tax policy development and implementation. From the inception of tax propo...
Sep 19, 2023•40 min
Put your game face on and get ready for a financial game-changer in this episode! Join us as we sit down with Chris Picciurro, Founder of Teaching Tax Flow and a seasoned expert with over 20 years of experience running a thriving private CPA practice. Chris will be our guide as we delve into the crucial world of Q4 tax planning. As the year comes to a close, the importance of effective tax planning cannot be overstated. Chris shares his wealth of knowledge on strategic tax-saving opportunities a...
Sep 12, 2023•23 min
In this episode, we dive deep into the intricacies of employer classification with a renowned expert, Jason Moll, CPA . Join us as we unravel the real differences between a 1099 Contractor and a W2 Employee, and why these distinctions matter not only for you but also for your clients and employers. As the gig economy continues to grow and businesses explore different employment arrangements, understanding the nuances of these classifications becomes crucial. Jason Moll brings his wealth of knowl...
Sep 05, 2023•30 min
Are you venturing into the world of long-term rentals and feeling overwhelmed by the tax implications? If you're unsure about what qualifies as a long-term rental property according to IRS guidelines, you won't want to miss this episode! In this comprehensive discussion, our expert team demystifies the complexities surrounding tax reporting for long-term rental properties. We break down key IRS definitions, tax benefits, and the crucial distinctions between short-term and long-term rentals. By l...
Aug 29, 2023•26 min
Welcome to another enlightening episode of the Teaching Tax Flow podcast! Today, we embark on a journey into the intricate world of income taxation and discover how tax agencies continue to hold firm as our involuntary business partners. In this episode, we explore: Understanding Involuntary Partnerships: Delve into how tax agencies operate, effectively becoming a silent partner in your financial endeavors, and what this means for your wallet. Behavior, Industries, and Activities: Why do some se...
Aug 22, 2023•23 min
Dive into the intricate world of S Corporations in this illuminating episode! Business structures can be puzzling, but understanding them is crucial for entrepreneurs and seasoned business owners alike. In this episode, we demystify the S Corporation, delving deep into its unique benefits, qualification criteria, tax implications, and why some businesses prefer it over other structures. Whether you're considering setting up an S Corporation or just curious about its workings, this episode is you...
Aug 18, 2023•31 min
In this episode, we dive deep into the world of personal finances for our younger folks. It's never too early to start, and the financial decisions you make in your teens can have a profound impact on your future wealth. But it's not just about saving; it's about understanding the system and using it to your advantage. Special guest Dave Alger, from the popular podcast " Save Like Dave ," joins us to share his top tips and tricks. Together, we’ll explore how young adults can not only develop str...
Aug 10, 2023•31 min
Jump into the world of home lending with us in this comprehensive episode as we welcome back Brenna Carles from The Mortgage Shop . A seasoned mortgage broker, Brenna offers detailed insights into the home lending process, specifically designed to empower first-time buyers. Brenna guides us through the maze of mortgage loans, detailing the key factors every first-time homebuyer needs to be aware of. We discuss everything from understanding credit scores, and the nuances of the pre-approval proce...
Aug 01, 2023•25 min
In this eye-opening episode, we delve into the dark world of scams targeting US taxpayers and explore the deceitful tactics employed by scammers impersonating the Internal Revenue Service (IRS). In the world we live in today, taxpayers must remain vigilant against the surge of fraudulent activities that prey on vulnerability and fear. Our experts shed light on the various scams that have emerged recently and discuss how scammers exploit taxpayers' concerns to steal sensitive information and hard...
Jul 27, 2023•19 min
Tired of paying exorbitant state taxes? Want to discover the best-kept secrets for saving big on your tax bill? Join us on this episode, where we dive deep into the intriguing world of "State Residency Tax Planning." In this captivating installment, we unravel the mysteries surrounding state residency and its direct impact on your tax liabilities. Prepare to be amazed as we explore which states emerge as unsuspecting tax havens, offering incredible opportunities for substantial tax savings. You'...
Jul 20, 2023•33 min
In this episode, we jump into the world of multi-member limited liability companies (LLCs) and explore their fundamental aspects. Building upon our previous episode on single-member LLCs, we embark on a comprehensive discussion on the intricacies of multi-member LLCs, entity formation, tax returns, and when they make sense (and do not) as a business structure. Join us as we unravel the advantages and considerations associated with multi-member LLCs. We begin by clarifying the concept of multi-me...
Jul 11, 2023•27 min
Join us for this episode of swapping “IRS War Stories" as we dive into the fascinating world of tax audits and share captivating tales of triumph, challenges, and the ever-evolving landscape of IRS battles. Our special guest, Andrew Poulos, the esteemed founder of Poulos Accounting & Consulting, Inc., brings decades of experience and expertise to the table. In this episode, Andrew and Chris take us behind the scenes of some of their most thrilling encounters with the Internal Revenue Service...
Jul 06, 2023•28 min
In this eye-opening episode, we jump into the world of tax-free earnings and uncover some fascinating strategies that can help you potentially earn up to $500,000 without paying a dime in taxes. Join us as we unravel the secrets behind these lucrative opportunities and shed light on how you can leverage them to maximize your financial growth. We pick the brain of our founder and tax wizard, Chris Picciurro, on many lesser-known methods that can legally and ethically enable you to optimize your e...
Jun 28, 2023•29 min
Congratulations! You've won a life-changing $1,000,000, but what comes next? This episode explores the exciting world of managing your newfound wealth while minimizing unnecessary taxes. Join us as we guide you through expert strategies and practical advice on how to hold onto as much of your earnings as possible. While we won't be sharing tips on winning the lottery or sweepstakes, we'll dive deep into the crucial steps to protect your windfall and maximize its long-term value. With real-life s...
Jun 23, 2023•26 min
Join the Teaching Tax Flow team in this episode as we jump into the intricacies of revocable living trusts and offer valuable insights on asset allocation. Discovering the best assets to include in your trust and gaining clarity on those that may not be ideal candidates will help maximize the benefits of this powerful estate planning tool. In this episode, we break down the benefits of a revocable living trust, highlighting its flexibility and ability to avoid probate ! From real estate and fina...
Jun 15, 2023•26 min
In this inspiring episode, we have the privilege of sitting down with Kenyata Moore, a true champion for empowering individuals through education and financial literacy. Join us as we delve into Kenyata's personal journey and discover how her past experiences have fueled her unwavering passion for helping others. From the very beginning, Kenyata shares her motivations and passions. Drawing from her past experiences in life and business, she firmly believes that education is the key to empowering...
Jun 07, 2023•17 min
Join us for an exciting episode as we sit down with none other than Leigh Steinberg, widely regarded as one of the most accomplished sports agents of all time. With a career spanning several decades, Leigh's expertise in developing athletes both on and off the field has solidified his reputation as a trusted advisor and mentor to countless sports professionals. In this conversation, we chat with Leigh to explore the crucial elements that have contributed to his unprecedented success. Known for h...
May 30, 2023•21 min
In this exciting episode, we jump into the complex legal realm of short-term rentals with our special guest, Jeff Hampton, an esteemed expert in the field and co-founder of STR Law Guys. As the popularity of platforms like Airbnb and VRBO continues to soar, so does the need for a comprehensive understanding of the legalities involved in this growing industry. Join us as we explore the key legal aspects that both hosts and guests need to be aware of when engaging in short-term rentals. Jeff Hampt...
May 23, 2023•35 min
In this episode, we discuss what qualifies as legitimate business deductions. As a business owner, knowing what expenses you can deduct to lower your tax bill is essential. Crammed into this 20-minute chat, we will provide various examples of deductible expenses, including some do's and don'ts. We will cover expenses such as office supplies, travel expenses, and advertising costs. But we won't stop there. We will also touch on unique expenses, such as Pitbulls and airplanes. Yes, you heard that ...
May 16, 2023•22 min
In this episode, we're joined by Trevor Terndrup and Tommy Putnam of the pop-rock band Moon Taxi to discuss the intersection of music and money. These guys have graced large-scale festival stages at Lollapalooza, Coachella, and Bonnaroo amongst many others. They are also no strangers to National TV appearances such as those on Late Show with David Letterman , Late Night with Seth Meyers , The Late Show with Stephen Colbert , Conan , and Jimmy Kimmel Live! We dive into the financial side and mana...
May 09, 2023•30 min
In this episode, we had the honor of Michael Gomez (Hive Nashville) joining us to discuss the current state of the Nashville, TN real estate market. Nashville has been a hotbed of growth and development in recent years, and Michael provides insights into the key drivers behind this boom. We explore topics such as the impact of the pandemic on the market, the role of new construction in meeting demand, lending challenges, and the areas of the city that are experiencing the most growth. Michael al...
May 02, 2023•36 min
In this episode of "Self-Employed Basics," we jump into the world of taxes for self-employed individuals. Being self-employed comes with many benefits, but it also means you are responsible for managing your taxes. This episode covers a range of topics, including entity formation, asset protection, and fringe benefits. Whether you're a freelancer, contractor, or small business owner, understanding your tax obligations is crucial for your financial success and sanity. Join us as we provide practi...
Apr 25, 2023•22 min
In this episode, we sit down with Chris Gilroy, Co-founder of WildLife Partners, to discuss the world of alternative investments and the unique opportunities that exist within the exotic animal industry. Chris shares his expertise on how these investments can tie directly into a tax strategy and provides insights into the benefits of investing in wildlife conservation. We explore how WildLife Partners is providing a way for investors to contribute to conservation efforts while also potentially e...
Apr 20, 2023•30 min
In this episode, we sit down with Roger Roundy, CEO of Strategic Associates LLC, to talk about opportunities within Private Reinsurance Programs. An 831(b) is a tax provision that allows small insurance companies to receive certain tax benefits by creating their own private insurance company that insures risks in their business that are typically considered "uninsurable." This program can be massively beneficial for those who fall into a high marginal tax rate, as it allows for up to $2.5M in ta...
Apr 13, 2023•23 min
