Episodes, updates, and news from the Taxgirl podcast — tax talk in audio form.
In 2017, the Bureau of Labor Statistics found that over 36% of Americans are a part of “the gig economy,” a dramatic increase from 2-4% in 2005. This is the most recent data available and does not account for pandemic numbers. Those jobs aren’t just paid differently, there are different tax consequences too, from Form…
As we come out of the pandemic, many taxpayers find that they are not in the same financial situation as they were before. Some lost jobs or businesses, while others took on extra debt. Many of the expenses, from healthcare to mortgage payments, remained on the table, even if they were delayed or deferred. Now…
Earlier this summer, ProPublica made waves when it published what it said was verified IRS information showing that billionaires like Jeff Bezos and Warren Buffett pay little in income tax compared to their massive wealth. ProPublica described the info as “an unprecedented look inside the financial lives of America’s titans.” The article caused quite a…
What did you do in 2020 to make a change for the better? Last year, companies were asked to be accountable and actionable about their diversity and inclusion efforts. The results have been mixed. As Derrick Coleman of Creative Financial Staffing has written, “Improving diversity at an organization does not happen overnight. It will take…
My kids play the market. Well, sort of. I wanted them to start learning about money—and yes, taxes—while they were young enough to make mistakes and ask questions. So I gave each of them some money and told them they could invest. My youngest has enjoyed a terrific return, prompting him to lament, “I wish…
The current G20 countries account for more than 80% of the world’s GDP, 75% of global trade, and 60% of the world’s population. This summer, all eyes will be on the G20 summit as they tackle issues related to the global minimum corporate tax and profit reallocation of multinational enterprises. In early June, members of…
In June, Taxgirl wrote a story referencing a bad tax take on TikTok. It was a case of tax advice going viral for all the wrong reasons, and a lack of understanding of tax basics. Shortly after publishing the story, Taxgirl received a message from Duke Moore who wrote, “TikTok generally gets a bad rep…
When it comes to tax and technology, our understanding of the implementation often ends at, “My clients upload their data to the cloud.” But there’s so much more to technology in finance than just “the cloud.” There are many ways people in the tax profession can benefit from embracing today’s revolutionary accounting technology. Sometimes tax…
There are important tax changes coming this summer for families. Specifically, the child tax credit will enable families to get advanced payments. This is a change from prior years where the credit was calculated and paid out at tax time. The credit is not a new credit, but rather it’s an enhanced credit as part…
From Bill and Melinda Gates to Ben Affleck and J-Lo, we love the gossip surrounding celebrity weddings, almost weddings, and divorces. But often, the real-life consequences and marriage finances of those weddings, almost weddings, and divorces are anything but Hollywood glam. Matrimonial Law Professionals Know Family is Complicated, so it’s Best to Be Prepared When…
