Teaching Tax Flow: The Podcast

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...

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 yo...

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...

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 o...

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 r...

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 em...

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...

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 ta...

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...

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 de...

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 revocabl...

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 he...

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 L...

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 as...

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 sto...

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...

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 dem...

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...

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 Part...

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 massi...

Filing taxes can be a stressful time for many individuals and businesses. With the deadline approaching, it's easy to feel overwhelmed and unprepared. However, a solution can alleviate some of that stress: filing a tax extension . In this episode, we'll explore the value of filing a tax extension and how it can benefit taxpayers. We'll discuss how an extension can give you more time to gather nece...

On this week's episode of Teaching Tax Flow: The Podcast, we have two special guests back with us: Heidi Henderson and Stacy Deru from Engineered Tax Services .  Join us as we dive into the exciting world of Research & Development credits and learn how these credits can benefit innovative companies throughout the United States. Many can take advantage of R&D credits from tech startups to e...

During this episode, we'll discuss the importance of choosing the best tax professional for your specific needs. We'll dive into the importance of assessing the elements that make them the best fit, such as technology for communication and file sharing, client data security, tax prep style, and much more. Additionally, we'll highlight some things to watch out for. Better know the “red flags”. By t...

In this episode, we sit down with Scott Maurer of Advanta IRA to discuss Self-Directed Individual Retirement Accounts (IRAs). Scott has over a decade of experience in the self-directed retirement industry. In this episode, he shares his expertise on the basics of Self-Directed IRAs, the types of investments you can make with them, and how they differ from traditional IRAs. We start by asking Scott...

In this episode, we dive into what we consider PIGs, how they work, and why they are essential for building long-term wealth. We'll discuss different types of Passive Income Generators and how they are part of a rock-solid tax strategy. By the end of this episode, you will better understand PIGs, how to create passive income, and how to start hunting them down to build your own portfolio. Let’s be...