Tax Sense: Keeping What's Yours: Recent Episodes

Owen Arnoff

The radio show and podcast about taxes, business, taxes, and paying the least amount of taxes possible -- legally.

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Taxes are not a once a year thing but a yearlong process. Owen shares more news and tips to help you with that yearlong process. In this episode:

  • Late breaking news: The US Court of Appeals upholds 3 tax preparers’ endeavor to undo the regulatory authority that the IRS has in regard to tax preparers
  • Tracking down your tax forms
  • Nanny taxes
  • The IRS’ mobile app
  • Is there a price to pay for winning the gold at the Olympics?
  • How can you become the best tax client ever?
  • And more

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Don't even get Owen started on cookie cutter tax services... Oh, wait. Too late. Then, Owen is joined by Ameriprise Financial's Justin Elliott and Ryan Mason.

You'll enjoy these topics of conversation:

  • Should file early or wait a little? It depends. Find out why.
  • Superbowl and taxes
  • H&R Block, Liberty Tax, etc., etc., etc.
  • The $862,000 tax refund
  • Tax return transcripts. Huh?
  • Tax mistakes you don’t know you’re making
  • Life insurance: Necessary evil or sophisticated investment strategy?

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Seriously? $16 million in undeliverable 2012 tax refunds in California? Whoa. Find out how to get your money in this episode. Owen doesn't hold back talking about how people look for tax preparers. You'll get the good, the bad, and, oh yeah, the ugly.

Also:

  • Laundry and taxes?
  • Rise of the fraudsters
  • The 10 most litigated tax issues
  • Tax court
  • Replacing the Earned Income Tax Credit?
  • 5 Terrible Tax Surprises
  • What happens after you file your tax return

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Owen takes taxes by the reins and shares with you practical tips you can put into practice right away. Plus:

  • What’s an EA? We’ll break it down.
  • Do you need to file a tax return? It depends.
  • Traps to watch out for in 2014
  • Obamacare

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Owen talks taxes and tips. Then Justin Elliott and Ryan Mason join the conversation to provide market insights.

Also:

  • Tips for preventing fraud
  • How to start a mileage log
  • Is the IRS shifting to self-service?
  • Tax law reform
  • Using an IRA to fund a business - good or bad?
  • Property taxes
  • Justin Elliott and Ryan Mason of Ameriprise Financial provide insight on the market

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The dead don’t talk but they have been know to file taxes! Plus:

  • IRS Commissioner John Koskinen
  • The Death Master File
  • Average costs for tax preparation and how my company compares
  • Has Form 1040 changed?
  • W2 and 1099 update
  • The dumbest taxes in recent history
  • Is it wise to use an IRA for short-term borrowing? Or to fund your business?
  • Who’s afraid of the Alternative Minimum Tax?
  • Michael Jordan’s most significant contribution to pro sports

Recorded 12.28.2013

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Owen packs this episode with more wholesome tax tips, news and information. It's just what the tax doctor ordered! Included in this episode are:

  • How social security is calculated
  • How the IRS is using Google Maps to spy on tax payers
  • The tax treatment of commuting costs
  • Home improvements and tax savings
  • New nominee for IRS Commissioner approved: John Koskinen
  • What does toilet paper have to do with a tax exemption?
  • Mortgage interest deductions
  • 4 rules for deducting business meals

Note: The IRS is not accepting tax returns until January 31, 2014. Be sure to get with your tax professional well before then.

Recorded 12.21.2013

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Real estate expert David Jurewicz takes the mic and talks about:

  • 2013 Real estate in review
  • 2014 Real estate predictions
  • Remembering Buzz Oates
  • Paperless real estate transactions
  • A new real estate bubble that could impact the world

Visit David Jurewicz at DaveRocketRadio.com and SellYourHomeForTopValue.com.

Recorded 12.14.2013

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Ryan Mason and Justin Elliott, partners at Elliott, Mason & Associates, join Tax Sense co-host Randy Roth for this special episode. On the agenda are:

  • Taxes and the clergy
  • End of year planning
  • Oregon's per mile tax test
  • What's going on in the market and real estate
  • The baby boomer retirement check
  • How not to destroy your retirement portfolio
  • Bitcoin
  • The tax-funded robo-squirrel

Recorded 12.07.2013

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Who knew taxes could be this fascinating? We did. Let's go:

  • Doberman Pinschers and Taxes
  • Audits and collections are increasing
  • Max Baucus’ tax reform proposal
  • Year-end tax planning moves
  • Three business tax moves to make
  • When mom and dad move in
  • Celebrities who could have been CPAs
  • Are you a member of the sandwich generation?

Recorded 11.30.2013

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More tax goodness and business sense that you can use:

  • How to donate during a disaster without being scammed
  • Mandatory distributions if you’re more than 70 and a half
  • Roth IRAs
  • How the tax code is squeezing parents
  • Independent contractors: What does the IRS look at?
  • Black market tax preparers
  • Relinquishing citizenship vs. renouncing
  • Why Tina Turner and other rich and famous celebrities are relinquishing U.S. citizenship
  • Are hidden treasures taxable?
  • What’s going on with tax reform?
  • Kim Adair, President of Body Fix Therapies - Saving your business money. Stress and repetitive strain injuries. Relieving stress in the work place.

Recorded 11.23.2013

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Owen's back and ready to talk about

  • Instant Tax Service used to be the 4th largest tax franchise, but not anymore. Find out why.
  • Two end of year tax strategies
  • Criminal employment tax violations
  • The Offer and Compromise Program
  • The Fresh Start Program
  • The Currently Non-Collectible Program
  • Is an MBA deductible?
  • Is the tax man spying on you with Google Earth?
  • How much is Michael Jackson's name worth?
  • Former NFL star blames tax fraud on his multiple concussions

Aired 11.16.2013

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This special episode features Randy Roth and guest hosts Justin Elliott and Ryan Mason of Elliott, Mason and Associates. On the agenda:

  • Your health and your wealth
  • Tax scam alert!
  • The IRS isn't perfect, but you knew that already
  • Recreational marijuana and taxes
  • 1031 Exchange Property, aka, "Like Kind Exchange" question answered
  • Financial News: Twitter
  • The job market
  • In 2009 the US spend more on health care than this country's entire GDP: What country are we talking about?
  • Let's talk about your portfolio
  • Obamacare

Recorded 11.09.2013

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Lots of tax information for you:

  • Sophia Loren's 40-year tax situation
  • Which professions have the most psychopaths and where do tax pros fit?
  • Social Security benefits won't keep pace with tax contributions in 2014
  • Ten things you need to know about getting married and taxes
  • Obamacare and taxes
  • People who owe the IRS money or more likely to cheat, says a recent study
  • Which companies are paying $0 in taxes?
  • Tax ID theft
  • Business owners wonder: What's a 1099K?
  • Is Medicare automatic at age 65?

Recorded 11.02.2013

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That's right. We are the tops when it comes to tax radio and podcasts. Let's get started. * Obamacare and its tax implications * El Dorado Hills attorney's tax evasion * Can you hold real estate in your IRA? * Misclassified employees and independent contractors * Hundreds of employees of IRS contractors owe millions in taxes

Recorded 10.26.2013

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Let's talk taxes! * Government re-opening * Protect your personal information * What kinds of things you can talk about with your tax preparer or advisor * Yahoo! email address * Obamacare * Expiring provisions, deductions you'll lose, and additional taxes, if any

Recorded 10.19.2013

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Owen and Randy are joined by monthly guests Justin Elliott and Ryan Mason of Ameriprise Financial for this episode.

  • How the shutdown has effected citizens
  • If you filed since October 1, are you going to get a refund?
  • What happens if the government were to default? How are you effected?
  • The amazing power of dividends
  • What's your dividend strategy?

Recorded 10.12.2013

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Guest host David Jurewicz and Tax Sense co-host Randy Roth are here to talk real estate and taxes.

  • The Sacramento real estate market
  • The government shutdown and real estate
  • Changing the approach to real estate
  • A babysitter for your business?

Recorded 10.05.2013

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In the office for this episode: Owen Arnoff. Out of the office for this episode: Randy Roth. Some of the issues in this episode will "get you all twisted up into a pretzel…" Ready?

  • Sacramento Metro Chamber's Small Business Expo
  • Crazy sales tax facts
  • The 20 things you need to understand as a taxpayer
  • New York bagels
  • Drug dealers
  • The Parent Tax

Recorded 09.28.2013

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Why we're here: To share what's going on in the news regarding taxes, how it effects you, and motivate you to make some changes in your personal or business life that will reduce the amount of taxes you're paying to the lowest amount legally possible. In this episode:

  • Obamacare and employers
  • Are we worth more dead than alive?
  • The IRS tax gap - What is it? We think there's another tax gap.
  • Could you deduct the clothes you wear in your business?
  • Could you as an employee be liable for the payroll taxes that your employer's business should be paying?
  • IRS Beanie Babies?
  • Is it a conflict of interest for an IRS office manager to have a tax business on the side?
  • Is your MLM really a business?

Recorded 09.21.2013

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Topics in this episode:

  • Tax news -- school and property taxes
  • Gilligan's Island and Star Trek and the IRS?
  • Social Security
  • Audits are increasing!
  • Key information from a former IRS revenue agent and appeals officer
  • Hot tip for making estimated quarterly payments

Recorded: 09.14.2013

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Owen and Randy are back in full force. Plus it's the first Saturday of the month, so special guests Justin Elliott & Ryan Mason of Elliott, Mason & Associates, a financial advisory practice of Ameriprise Financial Services, Inc. are in the studio.

  • Filing extensions and due dates.
  • Hot tax news
  • School children, food allergies and dietary restrictions
  • What's the worst state to retire to?

Recorded 09.07.2013

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Owen is back and ready to talk taxes! Today's guest host is Ed Cotney from the Shafer Law Group.

  • Estate issues of MJ and other celebrity tax woes
  • The Price is Right! And so are the taxes.
  • Supreme Court rulings and DOMA and same-sex couples and taxes
  • Are California's payroll taxes too low?
  • How is the FTB trying to trick you into filing your taxes?
  • What happens if you dump dirt at the feet of an IRS agent?
  • Tax deductions disappearing before the end of this year

Recorded 08.31.13

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In this special episode, real estate professional David Jurewicz fills in for Owen and Randy and discusses:

  • Sacramento real estate
  • HUD will now allow a borrower who defaulted on their loan to buy another house in 12 months
  • Is the median income of Americans on the decline?
  • The bee crisis

Recorded 08.24.2013

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Who do you call when your local cookie cutter tax company's office is closed until next April 15th? That and all this too:

  • The jock tax in Tennessee
  • Five things that Bill Belichick can teach us about winning an IRS audit
  • The IRS loses due to a tax payer's verbal testimony
  • Cheat on your taxes and lose your driver's license?
  • Obamacare

Recorded 08.17.13

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Randy Roth is joined by guest host and real estate professional David Jurewicz while Owen is away for continuing tax education. In this episode:

  • Childless couples and taxes and real estate
  • Sacramento real estate update
  • ARMs are making a comeback
  • Mortgage system overhaul
  • Get yourself a debt elimination plan - it's simple!

Recorded 08.10.2013

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Protecting your privacy and preventing identity theft are high on your list of priorities. So why is the IRS' behavior so wreckless? We'll talk about it, and also:

  • Obama's nomination of John Coscanin as IRS Commissioner
  • The tax cost of contract procrastination
  • Tax issues of the Real Housewives of New Jersey (Real Househusbands in New Jersey Prisons)
  • Special guests: Justin Elliott & Ryan Mason of Elliott, Mason & Associates, a financial advisory practice of Ameriprise Financial Services, Inc.

Recorded 08.03.2013

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Are you working off the books? Are your employees working off the books? What are the pros and cons? Do you get taxed for receiving a gift? A former H&R Block manager gets prison time for identity theft. Legislators are looking at tax reforms... that benefit themselves. Do you know what a tax nerd Perry Mason moment is? What are the implications of National Hot Dog Day in your life? The Social Security Administration issued a notice that they are taking claims for same sex spouses who may be eligible for benefits. And, of course, all the tax news you can handle! Recorded. 07.27.13.

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Are you ready to have some tax fun? Maybe for the first time ever? Then join for this episode:

  • We will count the ways the IRS is not ready to administer Obamacare.
  • A new rule involving a health reimbursement account, also known as a Medical Expense Reimbursement Plan (MERP), or Section 105. Those three terms are interchangeable.
  • Prince Charles tax status is coming under scrutiny.
  • How not to be like the tax fraud queen who has been sentenced to 21 years in prison.
  • Business travel means extra paperwork.
  • The top 10 things employers do to get sued.

How would you like some tax strategies of the rich and famous that YOU can use? Read Owen's new book, and after you finish reading chapter 13, be sure to request the audit red flags special report mentioned at the end of that chapter. Recorded 07.20.13

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H&R Block isn't the big tax story in the news anymore. Right now it's all about the IRS' exposing individual's social security numbers who are involved with non-profits, including board members and some vendors. And so, we're also talking about identity theft! Just wait until you here what we have for you in this episode. Recorded 07.13.13.

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In this episode: Strange and unusual taxes from around the world from different points in history. Taxes in the news. What state governments are looking to get from you. Later in the show, Justin Elliott and Ryan Mason of Ameriprise Financial will give us their insights about what's going on in the market. Recorded 07.06.2013.

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Why tax planning makes good sense is worth an entire episode; trust us on this. We'll talk about the different types of tax planning and why the rich and famous seem to get richer and famous-er! Did you know? You can enjoy the same tax benefits they do. Of course, we'll start with some interesting tax news. Recorded 06.29.2013.

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Randy Roth is fired up about the IRS stepping on people's rights, and you're going to hear about it in this episode!

Owen's new book, Tax Breaks of the Rich and Famous, has reached bestseller status on a number of Amazon's lists, including #1 in Business, Finance, and on the Movers and Shakers list.

Recorded 06.22.2013.

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Social Security is going to impact you in one way or another. We're talking about that in the second half of the segment. In the first half, we'll talk tax reform and, as usual, the latest tax news. Plus, Owen has a new book, Tax Breaks of the Rich and Famous: Millionaire Tactics That Work for Your Small Business. Recorded 06.15.2013.

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There's nothing but laughter and fun in this episode, including:

How would you feel if you discovered that your personal tax returns were in the trash and later found by a stranger? Interesting comments on the TurboTax website! IRS conference that costs $1.4 million. The tax angle of keeping the Kings in Sacramento. Taxes and former Kings player Jerome James. Is the IRS using Google against you? Hero gets free food from McDonalds... there's a tax angle here. Sinbad is broke. Guess why. How we can benefit from tax breaks. How the IRS tries to pre-verify tax refunds. Can an NFL linebacker deduct massages? 5 mid-year strategies for 2013. Obamacare and much more! Recorded 06.08.2013.

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We're back with more tax education and fun! Here's the line up: 5 signs of a lousy tax preparer, flea market earnings, the three most prosecuted tax crimes, and financial planning with special guests Justin Elliott and Ryan Mason. Recorded 06/01/2013.

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The IRS was inappropriately scrutinizing Tea Party groups' applications for tax-exempt status. As a result, acting IRS commissioner Steve Miller has been given the boot!

All that and more in this episode. Come have some fun with us.

Recorded 05.25.2013

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Owen and guest host David Jurewicz, world famous realtor, will provide an update on Sacramento's real estate market and discuss ten costly mistakes every real estate investor should avoid.

Plus, get an update on the latest tax news you need to know about.

Recorded 05.18.2013

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In this episode:

Interesting tax news, including,

  • How much is the IRS spending in enforcement?,
  • New Senate Bill: Marketplace Fairness Act of 2013,
  • Ten costlly mistakes that every real estate investor should avoid --
  • Be careful with your rental properties.

Recorded 05/11/2013

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We're excited about bringing our podcast to LibSyn. Of course, you can hear us live on the air every Saturday at AM 1380 in Sacramento from 12 p.m. to 2 p.m. However, if you miss us there, tune in here.

We cover a lot of ground in this episode, including:

  1. Chain tax refund companies and tax software providers exposed
  2. "Speedy tax refunds," aka, "refund anticipation loans" are a rip off.
  3. Gift tax - How some owe taxes on a gift and don't even know it
  4. Taxes in the news
  5. Summer day camp expenses may qualify for a tax credit
  6. How to deduct your business mileage correctly
  7. Why you should have EFTPS (and what it is)
  8. Serving on the Board of Directors of a company could create tax liability for you
  9. Gold's big swings
  10. Financial planning with special guests Justin Elliott and Ryan Mason

Enjoy.