
Taxcast With Chelsea
Welcome to Taxcast with Chelsea: My background ranges from corporate finance, small business accounting roles, and now serving clients in a tax advisory role. While I enjoy researching and resolving tax issues for clients, I understand not everyone has the same tax resources and the information online can be overwhelming. My goal is to provide tax understanding to the everyday taxpayer. Taxcast with Chelsea is not legal or tax advice for your personal tax situation. My views are my own and am only speaking from a tax practitioner’s perspective for the general understanding of tax topics. I highly recommend you engage with an experienced tax professional if you are looking for personal tax advice. https://www.irs.gov/pub/irs-pdf/pcir230.pdf
Podcasting since 2022 • 13 episodes
Taxcast With Chelsea
Latest Episodes
EPISODE 13. Understanding & Responding to IRS Letters & Examinations 101.
1. IRS Letters & Audits are on the increase and now more than ever recordkeeping should be of utmost importance. CP2000 Notice Description [2:17]Examples [4:04]How to Respond [7:23] &nbs...
•
Season 2023
•
Episode 6
•
11:27

EPISODE 12. Taxes Now or Later? The Case for Paying at Low Tax Rates RIGHT now. IRS Tech Tools & Online Payments.
Today I want to focus on these two main topics:1. The US’s historically low tax rates are set to “sunset” at the end of 2025. Surprised by this? Don't be. I make the case for why these are the best tax rates to pay taxes under righ...
•
Season 2023
•
Episode 5
•
14:47

EPISODE 11. Deadline passes for IRS $80B spending plan. Daniel Werfel finally goes to Senate hearing. Tax Implications of Selling your Rental.
Today's topics:1. The IRS missed its strategic plan deadline - what's at stake and what to expect in the coming weeks. [:48]2. Daniel Werfel went before the Senate Finance committee and still wants to be the next IRS commissioner and ma...
•
Season 2023
•
Episode 4
•
17:31

EPISODE 10. How to Tax Plan for Unexpected Income. Consumption Tax under the proposed “Fair tax” as compared to our current Income Tax system.
Let’s review these two tax topics today:1) Planning for Taxes when you receive nontraditional (non-W2) Income. This includes 1099 income, gambling winnings, and inheritances. I’ll look at examples and how much you shou...
•
Season 2023
•
Episode 3
•
15:08

EPISODE 9. TIGTA reminds us the IRS continues to underperform with their Jan 12th 2023 report. Restaurant & Bar Tip Tax Credit reviewed..
Today's Episode:1. Updates on IRS backlog and implementation of the new IRS funding. TIGTA’s recent report on January 12th touts the extra money, but not necessarily improved efficiency. This latest report highlights...
•
Season 2023
•
Episode 2
•
11:55
