Tax in Action: Practical Strategies for Tax Pros copertina

Tax in Action: Practical Strategies for Tax Pros

Tax in Action: Practical Strategies for Tax Pros

Di: 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 Economia
Episodi
  • Substantial Authority: What Actually Counts in Tax Research

    Substantial Authority: What Actually Counts in Tax Research
    Oct 14 2026

    Clients increasingly show up with tax positions backed by blog posts, podcasts, social media, and AI, but how much of that actually counts? Jeremy walks through the closed list of sources the regulations recognize as authority, from the Code and Treasury regulations to court cases and revenue rulings, and explains why IRS publications, form instructions, and even other tax professionals’ opinions don’t make the cut. He also covers how to weigh supporting and contrary authorities against each other, and why that matters for the Section 6662 substantial understatement penalty.

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


    • (00:00) - Client Research Challenge
    • (01:42) - Episode Roadmap
    • (05:50) - Circular 230 Framework
    • (10:20) - Substantial Understatement Basics
    • (15:43) - Avoiding the Penalty
    • (17:48) - Confidence Standards
    • (24:50) - What Counts as Authority
    • (36:18) - Non Authority Sources
    • (38:06) - Disclosure and Forms
    • (42:29) - Diligent Research Workflow
    • (45:22) - Donna Case Study
    • (52:06) - Conclusion and 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
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    56 min
  • Break Even at the Casino, Still Owe Tax

    Break Even at the Casino, Still Owe Tax
    Sep 30 2026

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


    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
    Mostra di più Mostra meno
    55 min
  • The Qualified Overtime Deduction, Fact vs. Fiction

    The Qualified Overtime Deduction, Fact vs. Fiction
    Sep 16 2026

    Jeremy unpacks the "no tax on overtime" deduction created by the One Big Beautiful Bill Act, explaining why the name is misleading since qualified overtime compensation is still taxable income subject to withholding, FICA, and (in most states) state tax. He walks through how to isolate the FLSA overtime premium from gross overtime pay, calculate the deduction on the new Schedule 1A, and apply the filing status caps and MAGI phaseouts through real client examples. He also flags the reporting changes coming in 2026, when employers must correctly report the amounts on Form W-2, Box 12, Code TT, and the relaxed 2025 transition rules disappear.

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


    • (00:00) - No Tax On Overtime Intro
    • (01:44) - What You Will Learn
    • (03:11) - Where It Lives In The Code
    • (07:27) - Deduction Not An Exclusion
    • (09:25) - Caps Phaseouts And MAGI
    • (13:09) - Defining Qualified Overtime
    • (16:20) - Workweek Rules Under FLSA
    • (26:30) - Exemptions And Who Qualifies
    • (30:23) - SSN And Filing Status Limits
    • (33:40) - 2025 Transition Relief
    • (36:29) - 2026 Reporting Box 12 TT
    • (41:22) - Examples And Calculations
    • (51:37) - Schedule 1A Walkthrough
    • (52:39) - Key Takeaways And Wrap Up

    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
    Mostra di più Mostra meno
    56 min
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