『Tax in Action: Practical Strategies for Tax Pros』のカバーアート

Tax in Action: Practical Strategies for Tax Pros

Tax in Action: Practical Strategies for Tax Pros

著者： Jeremy Wells EA CPA
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Join Jeremy Wells, EA, CPA, as he breaks down the complexities of tax law into practical guidance you can apply immediately. Each episode focuses on a specific tax strategy, credit, or compliance issue that matters to tax professionals and business owners. Rather than theoretical discussions, Jeremy delivers actionable insights based on real-world scenarios and current tax regulations. Whether you're navigating Section 1031 exchanges, maximizing research credits, or helping clients with energy tax incentives, this podcast provides the technical details and strategic considerations you need to confidently serve your clients. Perfect for tax practitioners looking to deepen their expertise and business owners wanting to make more informed tax decisions.© 2026 Earmark Media LLC 経済学
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  • Section 7216 and the Rules for Sharing Taxpayer Information

    Section 7216 and the Rules for Sharing Taxpayer Information
    2026/08/19

    Jeremy opens a two-part series on taxpayer confidentiality by breaking down IRC Sections 7216 and 6713, the rules that govern how tax professionals can use and disclose tax return information. Using a case study of a solo firm owner weighing seasonal hires, an outsourced bookkeeper, and a possible merger, he walks through what actually counts as tax return information, when taxpayer consent is required, and the exceptions that let firms share data without it. He also covers what a tax return preparer and auxiliary service actually mean under the regulations, since those definitions decide whether consent is even needed in the first place.

    Sponsors
    Thomson Reuters - http://taxshow.promo/taxautomation


    • (00:00) - Client Data Privacy
    • (03:26) - Case Study Grady
    • (06:45) - 7216 Overview
    • (10:24) - Key Definitions
    • (19:37) - What Counts as Info
    • (26:12) - Use vs Disclosure
    • (30:18) - Consent Rules
    • (37:44) - Firm Sharing Limits
    • (43:33) - Other Exceptions
    • (47:35) - Applying to Grady
    • (53:50) - Key Takeaways
    • (55:54) - Next Episode AI

    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
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    57 分
  • Partnership Exits: Basis, Liabilities, and Hot Assets

    Partnership Exits: Basis, Liabilities, and Hot Assets
    2026/08/05

    Jeremy closes out his partnership series by tackling outside basis, how partnership liabilities affect that basis, and what happens when a partner exits. Using a case study of two LLC members with mounting losses, he walks through abandonment, a buyout by the remaining partner, a partnership redemption, and a sale to a third party, comparing the tax results of each. He also covers Section 751 hot assets and why unrealized receivables and appreciated inventory can turn part of a capital gain into ordinary income.

    Sponsors
    Thomson Reuters - http://taxshow.promo/taxautomation


    • (00:00) - Series Wrap and Big Topics
    • (01:43) - Case Study Setup Lighthouse LLC
    • (03:29) - Outside Basis Basics
    • (07:39) - Tracking Basis and Proof
    • (13:36) - Loss Limits and Suspensions
    • (19:53) - Basis Ordering and Distributions
    • (26:01) - Liabilities Under Section 752
    • (32:33) - Recourse vs Nonrecourse Debt
    • (37:49) - Excess Distributions and Exits
    • (40:34) - Abandonment and Hot Assets
    • (46:56) - Jessica Exit Options Compared
    • (55:55) - Key Takeaways and Next Series

    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
    続きを読む 一部表示
    59 分
  • Cash, Property, Sweat Equity: Structuring Partner Returns

    Cash, Property, Sweat Equity: Structuring Partner Returns
    2026/07/22

    Jeremy breaks down how partnerships can divide profits among partners who contribute very different things — cash, property, or just time and effort — without running afoul of federal tax law. Using a hypothetical partnership as a running example, he covers what makes an allocation legitimate versus a tax dodge, and why the IRS cares so much about the difference.

    Sponsors
    Thomson Reuters - http://taxshow.promo/taxautomation


    • (00:00) - Meet Lighthouse LLC
    • (01:17) - Investor Payback Goals
    • (04:32) - Course Roadmap
    • (05:40) - Pass Through Basics
    • (08:47) - Baisey Case Lesson
    • (14:18) - Separately Stated Items
    • (20:39) - Partner vs Partnership Tests
    • (23:22) - Unreimbursed Expenses
    • (27:27) - Property Contributions 721
    • (32:01) - 704c Built In Gain
    • (36:37) - Capital Accounts Explained
    • (42:04) - Substantial Economic Effect
    • (52:05) - Drafting The Waterfall
    • (55:55) - Key Takeaways Next Steps

    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
    続きを読む 一部表示
    58 分
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