Everyone understands the IRS is responsible for collecting taxes but those aren’t the only IRS jobs that exist. The IRS generates approximately 96% of the funding that supports the federal government’s operations, playing a massive part in everything from Homeland Security to helping disadvantaged citizens. But what is it like to work for the IRS?…
With Covid creating travel restrictions, plenty of people have been stranded from home. In addition to the career and family implications of being stuck away from home, there are potentially large tax complications as well. For those stuck in the United States, you could be considered a tax resident and have certain filing requirements you…
Even before Covid, many families already used nannies to help take care of their children and elderly relatives. Whether it’s the potential savings, uncertainty about returning to a shared environment, or a multitude of other reasons, in-home care provides parents and caretakers a ton of benefits. However, it also comes with hurdles as well, with…
More Americans are considering moving abroad; a trend that equated to a record number of Americans giving up their citizenship in the first half of 2020. While movies might paint it as a whimsical trip, there are significant challenges and potential pitfalls involved. There are serious tax challenges to moving abroad On this episode of…
During Covid, those at the top continued to make money while those at the bottom struggled. That’s especially true among minority households with the average white family having as much as eight times the wealth of people of color. That economic inequality hasn’t gone unnoticed, however, with many Americans agreeing it’s gone too far. But…
With states needing to fill budget holes, politicians are looking for new sources of revenue. Maryland recently became the first in the United States to pass a digital advertising tax, taxing the revenue made from digital advertisements on online services like Facebook and Google. Other states are watching closely, with a few introducing similar tax…
Chances are, you’re about to come into some money soon — whether it’s your tax refund or the 2021 stimulus check. But what do you do with it now that you have it? For many people, getting a lump sum of money is new to them and they don’t want to blow the opportunity. That’s…
Inclusivity has always been a hot-button topic but it has been pushed to the forefront recently through social justice concerns. To further the discussion of minorities in business, Kelly invites Wil Reynolds to talk about his own experiences with bias and minority representation in business. Minorities in business have to overcome biases to find the…
The IRS estimates that around 85% of taxes are paid voluntarily and on time. But the tax gap, the difference between the taxes paid on time and those still owed, means hundreds of billions of dollars are missing every year. While politicians often look to increase or decrease taxes as a part of their platform,…
The cannabis industry has been growing rapidly over the last few years as more states begin to make it either medically or recreationally legal. However, with its legal status changes and subsequent boom, cannabis taxes are the next major impact point for the cannabis industry. With stricter guidelines and tax code 280E, marijuana taxes are…
