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1. History of Taxes

Questioning Your Cents

Release Date: 11/30/2020

15. Medicare & Social Security show art 15. Medicare & Social Security

Questioning Your Cents

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss Social Security and Medicare with our special guest, Peter Huynh who is the VP of Operations for Trusted Benefits Group.

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14. Building Wealth & Keeping It with Centric Advisors show art 14. Building Wealth & Keeping It with Centric Advisors

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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13. Business Entity Elections show art 13. Business Entity Elections

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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12. Side Job Taxation show art 12. Side Job Taxation

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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11. Timing the Market or Time in the Market show art 11. Timing the Market or Time in the Market

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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10. Help! I'm Starting a Business show art 10. Help! I'm Starting a Business

Questioning Your Cents

Welcome to Questioning Your Cents where you can get your real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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9. When Should You Amend Your Tax Return show art 9. When Should You Amend Your Tax Return

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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8. Tax Season Update show art 8. Tax Season Update

Questioning Your Cents

Important Points:

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7. Tax Deadlines, Extensions, and Penalties show art 7. Tax Deadlines, Extensions, and Penalties

Questioning Your Cents

Our job is to help educate you on how to manage your money and save on taxes. In this episode, tax deadlines, penalties and extensions.

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6. Hiring a Tax Advisor: Insider Secrets show art 6. Hiring a Tax Advisor: Insider Secrets

Questioning Your Cents

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

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More Episodes

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help people with education on how to manage your money and save on taxes. In this episode, we talk about why we have taxes and how our tax laws have changed over time.

 

 

Important Points:

Intro

Al Capone and taxes

Formation of the IRS

1986 – major tax reform

Bandaids in tax reform with every president

Simplification of the tax code

Taxes in an election year, tie between politics and taxes

Implementation of eFile

Tax bracket changes

2017 Tax Cuts and Jobs Act

Changes in Corporate tax rates

Changes in Child tax credits

Changes in standard deduction, itemized vs standard deduction

Loss of employee deductions

Tax rules while selling a home

“Comfort Zone”

When Should I form an S-Corp

Roth or Traditional IRA?

Outro

 

Important links in order of appearance:

https://www.fbi.gov/history/famous-cases/al-capone

https://www.irs.gov/pub/irs-utl/irs-history-timeline_march-2019.pdf

https://www.congress.gov/bill/99th-congress/house-bill/3838

https://www.investopedia.com/articles/tax/10/concise-history-tax-changes.asp

https://www.google.com/search?q=trump+vs+biden+tax+plan+comparison&rlz=1C1NHXL_enUS915US915&oq=trump+vs+biden+tax+plan+comparison&aqs=chrome..69i57.5438j0j7&sourceid=chrome&ie=UTF-8

https://www.accountingtoday.com/list/election-2020-trump-vs-biden-on-tax-policy

https://www.irs.gov/pub/irs-news/fs-11-10.pdf

https://taxfoundation.org/the-tax-cuts-and-jobs-act-simplified-the-tax-filing-process-for-millions-of-americans/

https://www.congress.gov/115/bills/hr1/BILLS-115hr1enr.pdf

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2020

https://www.youtube.com/watch?v=teGrGCWpEMQ&t=72s

https://taxfoundation.org/why-corporations-pay-no-income-tax/

https://www.taxpolicycenter.org/briefing-book/what-child-tax-credit

https://www.irs.gov/newsroom/taxpayers-should-know-the-difference-between-standard-and-itemized-deductions

https://www.nerdwallet.com/article/taxes/selling-home-capital-gains-tax

https://molentax.com/llc-vs-s-corp-the-tax-implications-of-having-a-business/

https://molentax.com/to-roth-or-not-to-roth-that-is-the-question/

 

Contact us:

[email protected]

281-440-6279

 

Find us on social media:

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https://www.youtube.com/channel/UCTHFFst-BRli8M_aTyXhAuw

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https://twitter.com/molentax

https://www.molentax.com

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