Taxes for the Masses

Hey Tax Nerds! We're taking a short summer break, but we have something special planned for your listening enjoyment! In the meantime, get ready to revisit some of your favorite tax topics with our timeless reruns. In this episode, we discuss the estate and gift tax consequences of the Chouinard family decision regarding their Patagonia fortune as well as alternative structures they could have considered. Check out the latest news on the podcast here: https://linktr.ee/taxesforthemasses

In this episode, we welcome tax expert Scott Hodge to discuss his new book, Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life.

In this episode, we discuss the qualified business income deduction in light of a February 2024 report by the Congressional Research Service that examined the provision’s effect on investment and employment, equity, and taxpayer compliance.

In this episode, we unpack what research says about the effects of the Tax Cuts and Jobs Act six years after its effective date.

In this episode, we discuss the causes and consequences of reduced interest in the accounting profession.

In this episode, we discuss the tax motivations for Shohei Ohtani's creative contract structure with the Dodgers.

In this episode, we discuss the tax motivations for the rising trend of sales of music catalogs.

In this episode, we discuss the latest tax research presented at the 2024 Journal of the American Taxation Association Conference.

In this episode, we discuss the sources of the tax gap in the U.S., what it means for government operations, and how we can best close it.

In this episode, we discuss the potential tax motivations and implications of Bezos’ big move to Florida.

In this episode, we discuss the issue behind the largest single IRS assessment in history, what Microsoft disclosed about the issue, and what might happen next.

In this episode, we unpack the tax consequences of the NCAA's 2021 name, image, and likeness policy change to student athletes and discuss how athletic supporters have also tried to obtain favorable tax outcomes from NIL activities.

In this episode, we discuss two year-end tax bills that many hoped Congress would pass in 2023 but that they very likely will not.

In this episode, we discuss a 2014 Irish tax law change and how it impacted large U.S. multinational companies. We are joined by Brian Grant, graduating PhD student at Indiana University's Kelley School of Business.

In today’s episode, we’re delighted to welcome Robert Stack, Managing Director at public accounting firm Deloitte, to provide an update on the global efforts to impose this tax.

In this episode, we explain the tax issues at the heart of the Moore v. United States case brought in front of the Supreme Court and what the Court’s decision could mean for current and future tax laws.

In this episode, we discuss the unexpected and potentially unjustified magnitude of Employee Retention Tax Credit payments.

In this episode, we discus the latest tax accounting research presented at the biannual Tax Symposium hosted by the University of Illinois in Chicago.

In this episode, we discuss the pros and cons of taxing carried interest as capital gains, as well as the current state of political discourse on the topic.

In this episode, we welcome Patrick Badolato, an Associate Professor of Instruction from the University of Texas at Austin, to discuss what investors and other interested parties can learn about taxes by examining a company’s income tax footnote.

In this episode, we talk about how the University endowment tax works and why it was implemented, how some people want to change it, and generally discuss whether we think it’s a good idea.

In this episode, we discuss the mechanics of the IRA's Stock Buyback Tax, whether it is achieving its intended goal of curbing buybacks and how some lawmakers in the U.S. hope to expand its scope.

In this episode, we welcome Evelyn Smith, researcher at the University of Michigan, to discuss her research on racial bias in the IRS’ audit selection models.

In this episode, we discuss the general fines and penalties individuals can face related to their taxes and discuss the details of Hunter Biden’s case in light of those rules.

In this episode, we discuss some ways artificial intelligence like ChatGPT could improve and worsen the US taxpayer experience.

In this episode, we discuss different approaches to taxing pollution like carbon emissions, as well as recent research examining the impact of these policies.

In this episode, we provide background on the impetus for a potential IRS-run direct e-file tax return system and hear from Ayushi Roy, Deputy Director at New America, on the independent third-party review of the IRS' feasibility report.

In this episode, we mostly goof off and talk about our experiences making 50 episodes of Taxes for the Masses.

In this episode, we break down the audit process in the U.S. and offer some perspective on which taxpayers are most likely to be audited and why.

In this episode, we outline the history of the IRS’ tax-exempt approval process and recent calls for more scrutiny over organizations applying for tax-exempt status.

In this episode, we compare and contrast programs in the U.S. intended to make filing taxes cheaper and easier to those in other developed countries.

In this episode, we do a deeper dive into what these consumption taxes are, how they can be administered, and who pays them.

In this episode, we discuss how a national sales tax would work and the distributional effects the Fair Tax Act would have on American households.

In this episode, we discuss some of the latest tax research from the 2023 mid-year meeting of the American Taxation Association.

In this episode, we explain the mechanics and the history of the so-called “jock tax”.

In this episode, we discuss the conviction of the Trump Organization on 17 counts of tax fraud and other crimes in the New York Supreme Court.

In this episode, we discuss how former President Trump's tax returns were made public, what they reveal, and what could come next.

In this episode, we explain the history use of 501(c)(4) organizations, how they can support a vast array of objectives, and the tax benefits they offer to those who contribute money to them.

In this episode, we discuss the estate and gift tax consequences of the Chouinard family decision regarding their Patagonia fortune as well as alternative structures they could have considered.

This episode is on the movement of high-level employees from public-sector to private-sector jobs and vice versa.

This episode is on the employee retention tax credit with special guest Stefan Richter to discuss his research on the topic.

This episode is on how states tax corporations and how that affects their business decisions, with special guest Anthony Welsch to discuss his research on the topic.

In this very special episode, recorded LIVE at the University of Iowa's Tippie College of Business, we discuss tax policies and societal inequities.

In this episode, we outline the history of the WOTC, discus the limited evidence on its effectiveness, and highlight potential room for improvement in the policy.

In today’s episode, we welcome Jane Bowman, a Minnesota Tax Court Judge, to discuss property taxes.

In this episode, we explain how taxes may have influenced the rising rents trend over the past decade, along with other factors at play.

In this episode, we break down the tax policy changes embedded in the Inflation Reduction Act.

In this episode, we explain inflation at a high level and examine its relation to taxes.

In this episode, we discuss the history of deductibility of executive compensation and highlight academic evidence on the ability of tax policy to influence executive compensation.