ENCORE SHOW: What's Deductible 
If you are a small business owner or an independent contractor, do you know what business expenses you can write off? It's not an easy question to answer, because what's deductible changes from circumstance to circumstance. Craig and Belsis spend the entire show on the topic with plenty of listener examples on the subject to help paint you a clearer picture of what you can and can't expense come tax time. |
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Year End Tax Strategies 
2016 is almost over, but it's not too late to save money on your taxes! Craig's here with some great tips and advice on how to keep more of your hard earned money in your pocket! Plus, early advice for what you should do in 2017 to avoid taxes. |
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Tax Management Through Investments 
This week, we welcome Jack Kennedy, Chief Investment Officer at JB Meridian Advisors, LLC. back to the program. Jack is a Financial Advisor who helps clients develop a plan for retirement, diversify their assets and manage investments. He’s here to talk about investing, and how it impacts your taxes, how different investments are taxed, and how you manage your taxes and the amount you pay through smart investing in the appropriate types of accounts. |
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The Taxation of the Marijuana Industry 
More than half of all states and the District of Columbia have legalized the use or sale of marijuana, either for medicinal purposes or in some cases recreational and medicinal purposes. Despite these changes to state laws, marijuana is still classified as a Schedule I drug under federal law. This tension between state and federal laws has created serious and perhaps unintended tax consequences for marijuana dispensaries. It's a very complex, confusing and somewhat crazy situation & is the topic of this week's program. |
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Taxation for Expats 
How do taxes work if you are an American citizen working abroad or if you are an immigrant working in America? Today's episode will answer those questions, as Craig and Belsis discuss taxes for Expats and international taxation. (An expatriate ((often shortened to expat)) is a person temporarily or permanently residing, as an immigrant, in a country other than that of their citizenship. The word comes from the Latin terms ex (("out of")) and patria (("country, fatherland")). |
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The Employee v the Independent Contractor 
A popular trend in small to medium sized businesses is playing workers as independent contractors rather than paying them as employees. This week, Craig goes in depth analysis on whether you are truly an employee or an independent contractor. Employers and employees both need to take a careful listen to this information. |
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Small Buisness and Taxes 
If you are thinking about starting a small business, you also need to think about taxes. And in case you had not been thinking about taxes, that's what Craig and Belsis are here for!This episode discusses starting a small business and the tax ramifications associated with that. We will talk about a number of different issues including corporations, LLC's, sole proprietorship, partnerships and more. |
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Estate Taxes 
On this episode, Craig discusses estate taxes and the importance of estate planning. You only need to look at what's going on with Prince's estate to understand why estate planning is important! )Craig will explain what the estate tax is, why so many politicians want to get rid of it, and let you know about some important changes that are happening with it. |
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Tax Rants 
This week, we're giving Craig a chance to get a few things off his chest. He will rant about some things concerning taxes and tax preparation that really bother him, including the IRS' single-handedly keeping the post office in business, raising installment request fees and cutbacks to the IRS. |
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What's New In the World of Taxes 
Tax law changes pretty much every day & there are a lot of new things going on that you, as a taxpayer, need to be aware of. We'll ket you know about that and take a lot of your email questions. We'll also have information on another tax scam you should be aware of, and thoughts on what has been happening with the ACA, since it is technically a tax. |
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State Taxes 
Imagine you are a professional baseball player. You have to pay Federal taxes on your contract. Then he has to pay state taxes for games played on his home field. Additionally, he has to pay state taxes for games played in other states. Since every state he plays in has a different tax structure, things can get really complicated. But Craig's goal today is to make things less so.Today we are discussing state taxes, and how they are handled when you live in one state, but do work in another. We will also look at sales taxes from the standpoint of internet purchases and how the Government is getting involved with that. |
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Avoiding Tax Scams 
This week, Craig and Belsis will be discussing identity theft and tax scams. Craig will talk about the most common tax scams and the new wave of scams that tax professionals have been warned are coming this summer. He will also talk about identity theft & how that is used to get falsified refunds. |
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Comparing the Candidate's Tax Plans 
Both conventions are over, the speeches are done, and the 2016 Presidential Election is officially underway. By now, you should have a pretty good idea of where Hillary Clinton and Donald Trump stand on the issues, but where do they stand on taxes? Craig gives a detailed breakdown of each of their proposed tax plans, and how they differ. |
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Tax Resolution Companies 
Every week, 250,000 tax liens are filed by the IRS. Craig and Bella discuss tax resolution companies--what to look out for, whether they can they do what they promise and how to find a reputable firm to represent you in a dispute with the IRS. |
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Understanding the Tax Code 
People complain all the time about the tax code and how complicated it is. They want it to be simple. But as Craig will explain on today's show, the tax code is complex for a reason and SHOULD NOT be simplified. |
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What Can I Get Away With on My Taxes 
What Can I Get Away With on My Taxes? Craig gets asked this question all the time. So on this week's program, he is going to answer that question. We'll start with a discussion of the thing that you can't write off, followed by an in-depth look on what you can claim as write-offs on your taxes. |
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IRS Appeals 
This week, Craig and Belsis explain the various levels of IRS appeals. This is a fundamental right that you have is you disagree with the IRS. And there will come a time when you will disagree with them. When you do you CAN appeal things, and we will give you a description of the process. |
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What To Do If You Owe the IRS 
On this week’s show we will discuss Owing the IRS.
Things we will cover include: How People Owe the IRS , What happens when a tax is assessed, and what What happens if you can’t pay. Plus, What happens if you don’t take care of the amount you owe the IRS, notes about the Statutes of Limitations, and when owing the IRS becomes criminal |
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Tax Avoidance IS Legal 
Tax Avoidance IS legal! That's been a favorite saying of Craig's for years, and that's why its the title of this program. If you are a small business owner, you need to hear the information presented in this episode. Tax evasion may be illegal, but not paying unnecessary taxes is a key to building wealth. |
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Reasonable Compensation 
If you have a corporation, this episode is for you. Today Craig and Belsis discuss reasonable compensation. Craig will explain how this is determined in both a C corporation and an S corporation, because as we will learn, the rules are very different for each. They will also answer numerous listener questions on that and other tax topics. |
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What You Should Know About IRS Tax Liens 
A tax lien is a lien imposed by law upon a property to secure the payment of taxes. A tax lien may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.Now that's the dictionary definition of a lien, but what does it actually mean to you as a tax payer? Craig will explain the different types of liens and how they are collected, and also answer a ton on listener questions on the subject. Episode originally aired May 6 2016 |
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Income Types 
On this episode, Craig goes into detail on the different types of income you can earn, and how the IRS taxes them. As always, we are answering your tax questions. If you have a question on taxes you would want answered on afuture show, contact us at taxavoidanceislegal.com. |
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What Happens When You Are Audited 
Everyone that pays taxes fears the word AUDIT, but do you understand what it actually is? Craig explains what happens when you get audited, what you should and shouldn't do if it happens to you, and offers tips to make the process run as smoothly as possible.Episode originally aired April 29 2016 |
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Retirement Planning 
On this episode, we will talk about retirement planning with out guest Jack Kennedy, Chief Investment Officer at JB Meridian Advisors, LLC. Jack is a Financial Advisor who helps clients develop a plan for retirement, diversify their assets and manage investments. He will explain the different types of retirement investments and how to determine which ones are right for you. |
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Year- Round Tax Prep 
You don't have to be the type of person that scrambles to your accountant the first or second week of April to get your taxes together. Craig will outline some easy steps you can take year-round to make tax time a whole lot less stressful for both you and your accountant. |
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Understanding Business Taxes 
This week, we break down the business tax system, and answer your pressing tax questions about your business. We'll cover deductions, corporations, and more. |
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Individual Taxation 
This week, we will be breaking down individual taxation. It may seem like it is a boring topic, but this is essential information you need to have, particularly this time of the year. |
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Employee V Independent Contractor 
It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Do you know the difference? Craig and Belis will be discussing employee vs. independent contractor; When someone is deemed an employee and when someone is deemed as a contractor |
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Entity Structuring and Restructuring 
On this week’s show we will discuss Entity Structuring and the Taxation Associated With Your Structure. Things we will cover include: The different types of entities (i.e. LLC, Corporation, LP, LLP),
Limited Legal Liability,
The taxation associated with you entity choice,
Sole Proprietorship,
Partnership,
S-Corporation,
C-Corporation,
The flexibility of LLCs,
and The dual corporate strategy |
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