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Despite the inroads women have made in the tax profession, it’s still a very male-dominated profession, especially at the top. In 2019, only about 20% of all equity partners were female, according to the National Association of Women Lawyers. Thankfully, it’s an issue that is starting to garner more discussion as more people recognize the lack of high-ranking women in business.

It can be tough for women in business.

Industry leader Kate Barton — the global vice chair at EY — joins Kelly on this episode of the Taxgirl podcast. Kate and Kelly talk about their experiences as women in business (especially in high-level positions), and where the industry is heading.

Listen to Kelly and Kate talk about women in business:

  • Kate’s background and experience
  • What drew Kate to international taxes
  • The politics of making partner
  • Will travel slow down after the coronavirus pandemic?
  • Problems with international customers due to differing customs
  • The future of the tax profession 

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Kate Barton: LinkedIn | Twitter

As society continues to do more online, data security is more important than ever before. That goes for your taxes and the IRS as well. In their annual report, the IRS identified $2.3 billion in tax fraud schemes in 2020. With the 2021 tax season continuing, it’s something businesses and individuals need to pay attention to.

Are you protected from data security issues?

On this episode of the Taxgirl podcast, Kelly is joined by Robert Capps, the vice president of emerging technologies for NuData Security — a Mastercard company. Kelly and Robert discuss the increasing importance of data security, as well as what both businesses and consumers need to know to protect themselves and others. From data breaches and the dark web to how people can best monitor the internet for their stolen data, this is a must-listen episode.

Listen to Kelly and Robert talk about data security:

  • How legitimate businesses can add to fraud
  • Data breaches
  • How businesses can find out their state’s rules on data privacy and security
  • How consumers can find out when their data is online
  • The dark web
  • Data disclosure notifications
  • How people can protect their data
  • Two-Factor Authentication
  • IRS scam calls

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Robert Capps: Twitter

NuData Security website

The evolution of cryptocurrency and the blockchains that power it has taken yet another step forward with the creation of NFTs or non-fungible tokens. NFTs have been in the news quite a lot lately, garnering support from some of the biggest names in art, sports, and technology. However, with NFT marketplaces come potential tax liabilities.

NFTs aren’t just for art anymore

On this episode of the Taxgirl podcast, Kelly is joined by Ben Weiss, the CEO of Coinflip — the world’s leading Bitcoin ATM operator — to talk about NFTs. Kelly and Ben discuss NFT meaning, how big brands like Nike are beginning to use NFTs, the anonymity of a blockchain, regulations and tax liabilities users could face, and the future of NFTs.

Listen to Kelly and Ben talk about NFTs:

  • What is an NFT?
  • How can you establish a value for an NFT?
  • Mark Cuban’s role with NFTs
  • Nike using the blockchain to verify authentic sneakers
  • Tennis player Oleksandra Olinynykova selling her arm as an NFT
  • Residual payments on NFTs
  • Automated NFT marketplace tracking for taxes
  • Tax considerations of using an NFT marketplace
  • The anonymity of the blockchain
  • The percentage of cryptocurrency tied to elicit activity
  • Regulations businesses like Coinflip face
  • The future of NFTs

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Coinflip: Website

Ben Weiss: Instagram | Twitter

If innovation is instrumental in moving the country forward, then the R&D tax credit is helping to pave the way. While you might think you’ll need lab coats and microscopes to qualify, the research and development tax credit is broad enough to fit a variety of industries. And with more than $18 billion in research and tax credits reported in 2019, it’s clear there are potentially huge savings to be had.

Don’t miss out on the R&D tax credit.

To talk more about the specifics of the R&D tax credit and how it works, Kelly is joined by Ari Palmer-Salafia, the CEO and founder of TaxTaker. Ari and her company have helped guide innovative businesses to these massive tax credits, giving her insight on who qualifies, how the IRS embraces it, and what can be deducted.

Listen to Kelly and Ari talk about the R&D tax credit:

  • What is the research and development tax credit?
  • How broad the tax credit actually is
  • The various industries that are claiming the research and development tax credit
  • What expenses are included in the R&D tax credit
  • Why are more companies not taking advantage of the tax credit?
  • How to know if you qualify for the R&D tax credit?
  • How to file for the research and development tax credit
  • What TaxTaker offers businesses
  • Is the IRS embracing the tax credit?
  • How the research and development tax credit works on your taxes

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

TaxTaker: Website

TaxTaker: Twitter

Cryptocurrency is once again making big waves in the news thanks to Bitcoin and Dogecoin riding high, Tesla accepting payment in the form of Bitcoin, and the IRS asking about it on your tax forms. But without proper guidance from the IRS, there are still plenty of questions surrounding crypto taxes and the specifics of cryptocurrency compliance. 

Crypto taxes are once again a hot-button topic this tax season.

On this episode of the Taxgirl podcast, Kelly is joined by Wendy Walker. As the solution principal at Sovos Compliance, Wendy has helped lead the go-to-market strategy focused on growing the tax and regulatory line of business. Kelly and Wendy discuss the latest information on crypto taxes, including the IRS’ recent cryptocurrency FAQ, the Common Reporting Standard, and cryptocurrency compliance. 

Listen to Kelly and Wendy talk about crypto taxes:

  • Where to find the cryptocurrency taxes question on your tax form
  • Cryptocurrency and the IRS FAQ
  • How many users does a cryptocurrency market like Coinbase have?
  • Coinbase John Doe summons
  • Concerns over what gets reported to the IRS
  • 1099-K and 1099-B
  • The lack of guidance on crypto taxes by the IRS
  • What should taxpayers think about if they have cryptocurrency
  • What records do you need to keep for your cryptocurrency taxes
  • What is the Common Reporting Standard
  • Expanding the Common Reporting Standard for crypto taxes
  • What taxpayers should do about past reporting discrepancies
  • Where to find up-to-date advice on crypto taxes and cryptocurrency compliance

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Wendy Walker: LinkedIn

Wendy Walker: Email

Sovos: Website

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?

IRS jobs can be varied and rewarding.

On this episode of the Taxgirl podcast, Kelly is joined by Robin Bailey Jr., the Human Capital Officer at the IRS to discuss what it’s like working for the IRS. Kelly and Robin discuss his experience working for the IRS, where you can find a wide variety of IRS jobs, and how the IRS can be a great place to work.

Listen to Kelly and Robin talk about IRS jobs:

  • Robin’s background and joining the IRS
  • Why you should work for the IRS
  • How the IRS helps disadvantaged youth
  • How to find IRS jobs
  • IRS Forward program — What it is and the requirements
  • How many people the IRS is looking to hire
  • IRS jobs training
  • Diversity and inclusion hiring practices
  • International hiring
  • Remote working for the IRS
  • How the IRS is trying to be better connected to applicants throughout the hiring process
  • IRS ambassador program
  • Lateral moves within the IRS
  • IRS orientation process
  • What working for the IRS means

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

IRS jobs website

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 don’t even realize.

You could be a tax resident if you pass the substantial presence test.

On this episode of the Taxgirl podcast, Kelly is joined by Diane Nobile, a partner at the Miami office of Saul Ewing Arnstein & Lehr. Diane has more than 25 years of experience as an international tax and commercial real estate attorney, giving her the perfect insight on the legal ramifications for accidental tax residents, who might qualify for exemptions, and what both taxpayers and tax practitioners need to know heading into this tax season.

Listen to Kelly and Diane talk about accidental tax residents:

  • How people got stuck in a location
  • What the IRS had to say
  • Revenue procedure 2020-20
  • How the IRS defines someone as a tax resident
  • Substantial presence test
  • Potential penalties for failure to report
  • What tax practitioners need to know
  • FBAR reference guide
  • Tax treaty tiebreaker rules
  • What should taxpayers ask their tax practitioner?

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Saul Ewing Arnstein & Lehr: Website

Diane Nobile: LinkedIn

Diane Nobile: Email

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 how to figure and pay the so-called nanny taxes being a chief concern.

Nanny taxes don’t have to be complicated.

On this episode of the Taxgirl podcast, Kelly is joined by Jay Schulze, the president of HomeWork Solutions, a company that provides household employers an easy way of handling the nanny tax burdens that arise. Kelly and Jay talk about the risks and rewards of becoming a household employer as well as reasons why not having your nanny on the books could come back to haunt you.

Listen to Kelly and Jay talk about nanny taxes:

  • How COVID-19 impacted childcare
  • Nanny shares
  • The distinction between employee and independent contractor
  • Having multiple nannies over a year
  • Do you need worker’s compensation insurance
  • Price of nanny tax services
  • The risks when becoming a household employer
  • The amount of unpaid taxes among household employers
  • Nanny tax breaks
  • Household employer tax breaks
  • FICA taxes
  • What you should look for from a nanny tax service
  • How to handle household employees that don’t want to pay taxes
  • Senior care
  • How to handle bonuses to household employees
  • Finding a payroll service for nanny taxes

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Homework Solutions: Website

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 the Taxgirl podcast, Kelly is joined by Virginia La Torre Jeker. Virginia has over 35 years of US tax and international experience, including spending 15 years in Hong Kong and Dubai. Kelly and Virginia talk about the difficulties, including the tax requirements and cultural hurdles facing expatriates.

Listen to Kelly and Virginia talk about moving abroad:

  • The drop in people renouncing their citizenship
  • Expatriation
  • FATCA and its impact on moving abroad
  • The perception of expatriation for tax benefits
  • The impact of COVID-19 on expatriates
  • Why people want to move abroad
  • How the U.S. tax system makes things harder for green-card holders
  • The perception of expatriates being rich
  • Form 8938 and foreign investments
  • The potential difficulties people studying abroad have
  • What things people moving abroad should keep in mind
  • How to find a tax preparer when abroad
  • The cultural hurdles
  • The benefits of traveling and moving abroad

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Virginia La Torre Jeker: Website

Virginia La Torre Jeker: Twitter

Virginia La Torre Jeker: Article on Bloomberg

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 legislation pending, help could be on the way.

Covid is growing economic inequality

Rebecca Thompson of Prosperity Now joins Kelly on this episode of the Taxgirl podcast to discuss how to shrink that disparity. From tax credits to encouraging both minority business and homeownership, Rebecca outlines things that can make an impact right now and how pending legislation could go even further.

Listen to Kelly and Rebecca talk about economic inequality:

  • What economic inequality means
  • How economic inequality is split down racial lines
  • What led to that inequality?
  • How tax credits can boost homeownership
  • What the American Opportunity Accounts Act would do
  • The Child Tax Credit
  • Getting advances on the Child Tax Credit
  • Earned Income Tax Credit
  • The VITA program
  • How the stimulus bill could improve economic inequality

More about Kelly:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

George Salis: LinkedIn

Prosperity Now: Website

Prosperity Now Advocacy Center: Website

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