Apr 25, 2023
What Happens if You Invested in FTX?
In this episode, Jonathan Donenfeld discusses the impact of SPF bankruptcy on FDX investors. If you had invested funds in FDX or had accounts there, and now it's worth nothing or you're not getting any funds back, you may be able to write that off as a capital loss. Jonathan explains...
Apr 18, 2023
There has been a great deal of interest surrounding the FTX scandal and the role played by Sam Bankman-Fried.
From a tax and accounting perspective, there are some very interesting things. First, it's evident they had terrible records. For any small business, meticulous record keeping is critical to show your expenses...
Apr 11, 2023
AI Takes Over Taxes - How the IRS Uses Artificial Intelligence
In this episode of Tax Man, Tax Relief Podcast, I discuss how the IRS is utilizing artificial intelligence to improve its auditing and collection efforts. I will share how the IRS is targeting business owners in certain industries with specific expenses,...
Apr 4, 2023
If you're facing a tax problem or are being audited, you don't have to speak to the IRS yourself. It's best to hire a professional, such as a CPA, enrolled agent, or attorney, to represent you.
Remember, what you say to the IRS can be used against you, so make sure you get the help of a professional.
Learn more in this...