An educational podcast to teach you about how taxes affect your business and personal lives and how to lower your tax bill. Taxes affect every area of life, from buying a house, trading stocks, trading NFT/Crypto currency, operating a business, and even giving birthday gifts. We are here to help you understand the complexities of the tax code. Disclaimer: The purpose of this podcast is for educational purposes. Please consult with your accountant, financial advisory and other resources befor ...
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Mastering IRS Taxation of Cryptocurrency and Digital Assets
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This course comprehensively covers cryptocurrency and digital asset taxation and is designed for accounting professionals handling crypto transactions. Learn the IRS treatment of digital assets, including taxable events, reporting requirements, and common pitfalls. Understand how to properly calculate and report crypto gains, losses, and income whi…
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Income Taxes 101 for New Business Owners.
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Learn about sole proprietors and single member LLCs taxation by the IRS and what to keep track of for income tax purposes Full episode out on Youtube and Audio. #newbusiness #llc #schC #accounting #business #taxes #bookkeeping #accountant #accountantlife #cpa #entrepreneur #finance #financialfreedom #taxeducation #education #taxaccountant #mactax #…
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Why Accountants Should Think like a Prosecutor
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Today we have a conversation with Benjamin David. Ben David has served as an elected District Attorney since 2004. He is a past president of the NC Conference of District Attorneys and currently holds executive office in the National District Attorneys Association, chairing the commission on community outreach. Ben is now moving on to help CPAs and…
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BTC Spot ETF what’s next for crypto part 2? Price appreciation? Republican support for crypto in 2024?
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What is the Bitcoin ETF and whats next for crypto investors?
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Learn about the bitcoin ETF what’s next for crypto investors and why you should get serious about filing your Crypto taxes ASAP
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Want to save money on your income taxes this year? Do this now before year end
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Time to take inventory and do tax planning before year end to save on your income taxes
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Supreme Court Tax Case with HUGE Implications possibly blocking a future wealth tax
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This Supreme Court case could forever block a future wealth tax
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We have been seeing too many people lose money to scams never send crypto or money to a platform or wallet you don’t hold the private keys or passwords too
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Mac Tax CPA Podcast with Cory Gayman CPA - 2023
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Join us for a conversation about the state of being an accountant, the IRS, running a business and more
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Here’s how to tell the difference between a hobby and a business for tax purposes
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Here are the 10 factors the irs looks at in determining if your business is a business or hobby for taxes
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New cryptocurrency tax law defines “crypto broker”. This is how it will affect crypto investors
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The new crypto broker law has a big impact on consumers listen in for details
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What to know if you’re investing in cryptocurrency/NFTs
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Short clip from legal limelight podcast with Francesca Witzburg
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How Tax and Legal Planning Upfront can Help save you 💰 Later
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Full podcast with Bryan on Audio and YouTube
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How to write off your car on your taxes
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How to write off your car on your taxes. What car expenses can you write off and methods for calculating car deduction amount
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Getting Paid in Crypto and Paying with Crypto - Jagruti Solanki (BitPay CFO) & Justin Macari (Mac Tax CPA)
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Learn about Jagruti Solanki (BitPay CFO) background, how she went from assurance partner at an accounting firm to BitPay CFO. How businesses and individuals can use BitPay to get paid in crypto and also make payments in crypto, the future of crypto blockchain and more.
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Why did you owe taxes this tax season part 1 - withholding
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Tune into our mini series to see why and how to save money for next tax season
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Estimated taxes are due January 17th all W2 and 1099 due January 31st
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IRS delays $600 reporting threshold for form 1099k. What is form 1099k and what does it mean?
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E-mail question and topics to jmacari@mactaxcpa.com
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Are governments looking into those who are not reporting cryptocurrency 🤔
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E-mail questions and video ideas you would like to learn about to jmacari@mactaxcpa.com
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Make sure to do this tax loss harvesting strategy before year end
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Use code “MACTAX10” at checkout to save 10% on Zenledger
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IRS Top Two Areas to be Audited in 2023
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Email your thoughts to jmacari@mactaxcpa.com
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Why your cryptocurrency 1099 may not be accurate
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In this episode learn why if you have multiple wallets and exchange accounts why your gains/losses reported by the exchanges may be incomplete regarding cryptocurrency NFTs and other digital assets
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Legal and Tax Considerations for Businesses & NFT Projects
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In this episode @web3bryan and @Mac Tax CPA talk all things legal and tax releated to operating a business and NFT projects, what you should be considering and more.
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How can the IRS find out about your NFT/Crypto and why you should report it on your tax return
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Email topic suggestions into jmacari@mactaxcpa.com
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Breaking News All Tax Changes from the Inflation Reduction Act
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Here is a brief summary of the new tax law changes. Please let me know what you think or want to learn more about by emailing me at jmacari@mactaxcpa.com
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In this episode we discuss how to take passive losses on rental properties. See the video on Instagram and TikTok for more info
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In this episode of our mini 3 part series we discuss how ordinary income is taxed and how ordinary losses can be utilized to offset your other income.
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Capital Gain Favorable Tax Rates & Writing off Capital Losses
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In this part 1 of a 3 part mini series we go over how capital gain favorable tax rates work and how to write off capital losses. Email all topics you want to learn about to jmacari@mactaxcpa.com
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How to Harvest Tax Losses on Crypto/NFTs
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See the video on ticktok. Learn how to take advantage of this down market to harvest Crypto/NFT losses since there is no wash sale. https://www.tiktok.com/t/ZTd7coP2p/?k=1
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NFT/Crypto Taxation, Regulation, ZenLedger and More with Dan Hannum COO of ZenLedger
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On this episode we chat with Dan Hannum COO of ZenLedger. Learn more about Dan's background on his path from graduating college to becoming COO of ZenLedger. Dan and I talk about the taxation of crypto currencies and NFTs, common misconceptions about the tax code regarding NFT/Crypto as well as the tax codes limitations on this emerging field. Dan …
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NYS LLC Tax Return (IT-204-LL) Due March 15th
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In this episode we discuss what the NYS LLC Tax Return is which is IT-204-LL, who must file this form, who does not need to file this form, how the LLC fee is computed and when this form is due (March 15th). Please email all questions to jmacari@mactaxcpa.com
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Sports Betting Winnings are they Taxable? - Super Bowl Sunday Edition
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In this episode we discuss what to do if you win big today on Super Bowl Sunday or throughout the year. Tune in to learn how to lower your tax bill on any sports betting earnings either from a sports betting app or wagers at your local bar. Send your questions in to jmacari@mactaxcpa.com
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On this episode we discuss: the basics of how uber/lyft income is taxed, the deductions that can be taken for Uber/Lyft Drivers, self employment taxes, as well as criteria for material participation to take a net loss against your other income. Email all questions to jmacari@mactaxcpa.com
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Mac Tax CPA website launched + How to calculate your taxes on Crypto and NFT's for 2021 Tax Season
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On this episode we discuss the launch of our website https://mactaxcpa.com/home as well as how to figure your Crypto and NFT gain/losses for the 2021 tax year to determine your income tax impact. Please email any questions to mactaxcpa@gmail.com
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2022 Tax Season Start Date plus 1099NEC and W2 Deadline January 31st
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2022 Tax Season Start Date is jan 24th and 1099NEC and W2 Deadline January 31st. Please email your questions to mactaxcpa@gmail.com or join our discord to ask questions
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In this episode I’ll give you the specific steps and tax forms that need to be filed in order to become an S-Corp. I’ll even explain how to make the S-Corp election even if you are 3 years late.
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Tune into this week’s episode to learn the tax savings benefits of choosing an s-corp structure.
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How to access the cash in your retirement account tax free during COVID-19
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In this podcast I discuss how you can tap into your 401k or IRA accounts if you have been diagnosed with COVID-19 or have had economic hardship during COVID-19. Use this method to get cash on hand now in times of need.
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How to deduct Charitable Contributions - UPDATED CARES ACT 2020
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The CARES act provides updated rules for the ability to take more of a deduction for charitable donations on your 2020 tax return. Tune in now to find out more how to start maximizing next years refund now!
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AMT is a separate set of rules and adjustments that must be applied to your tax return once you make a certain amount of income. It is designed to make sure people taking excessive deductions still pay some “minimum” tax.
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CARES Act changes to (NOL) Net Operating Loss
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Businesses now have the ability to take advantage of the new NOL changes under the CARES act. If you had a taxable loss for your business in years 2017 or 2018 give this episode a listen.
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Get the latest depreciation updates from the CARES act to take advantage of fast cash now and the details of the refunded paycheck protection program for small businesses.
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Wanted to share with you guys an investment tip from the Tony Robins book Money Master the Game where he interviews one of the greatest wealth managers ever, Ray Dilao.
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Learn about what a part year and non resident income tax returns are and why it’s so important to know residency rules for taxation purposes.
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Is Now the Time to Start Buying Stocks During the COVID-19 Bear Market?
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DISCLAIMER: Mactax is not responsible for any financial advice given. Please do your own research and consult with your financial advisor before acting on any advice/opinions in this episode.
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2020 Tax Law Changes to Traditional IRA Retirement Accounts
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The Further Consolidated Appropriations Act of 2020 made changes to traditional IRA's. These changes included removing the age cap to contribute to a traditional IRA, raises the age to 72 for RMD's, and changes the rules for inheriting a traditional IRA. Tune into this weeks episode to learn the full details about the FCAAs impact on traditional IR…
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Tax Season is upon us but don’t be too eager to file for that refund before you get all of your tax documents in! Filing too early could run you the risk of forgetting about certain tax documents you need to complete your return. Take inventory of 2019 and establish what you need and where you made money before filing.…
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Can you deduct state taxes on your personal and business federal tax return? If so how much can you write off? Tune in to this week’s episode to find out!
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Life Insurance Premiums NOT Tax Deductible
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Any personal or business life insurance premiums paid to benefit an officer, employee or yourself are NOT tax deductible. If paid through a business these premium expenses must be reversed out each year as a permanent tax adjustment. All life insurance plans owned by an employer must be reported on form 8925 each year. Consequently life insurance p…
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Learn about what each tax document is and what tax documents you should be expecting to receive this year in order to complete your 2019 tax return.
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