Hosts discuss the latest statistics on who’s most likely to get audited, how often it happens, and what to do if it happens to you.
0:56 “I’ve got the latest stats on how often we’re being audited. Who’s more likely to get audited? I’ll take it one step further – what do you do if you get audited?”
9:44 “There’s such a lack of planning, and that’s why we do the show.”
13:30 “The oldest baby boomers are turning 70 ½; those who were born in the first half of 1946. When they turn 70 ½ that triggers a required minimum distribution (RMD)
17:42 “The truth is, our tax rates now are lower than most times in our history…”
22:28 “A sole proprietorship goes on your tax return on what’s called schedule C. You show your income, you show your deductions, and whatever the profit is – that’s what you pay income taxes and self-employment taxes on.”
26:22 “In general, corporations have a lesser chance of being audited than individuals.”
34:02 “If you have to go to an audit office, here’s what you do…”
Listen to the YMYW podcast:
Amazon Music
AntennaPod
Anytime Player
Apple Podcasts
Audible
Castbox
Castro
Curiocaster
Fountain
Goodpods
Google Podcasts
iHeartRadio
Apple iTunes
iVoox
Luminary
Overcast
Player FM
Pocket Casts
Podbean
Podcast Addict
Podcast Index
Podcast Guru
Podcast Republic
Podchaser
Podfriend
PodHero
Podknife
podStation
Podverse
Podvine
Radio Public
Rephonic
Sonnet
Spotify
Subscribe on Android
Subscribe by Email
RSS feed
