Mac Tax® CPA (Accounting, Tax, Business, Stocks, Crypto, NFTs and more)
By Mac Tax®
An educational podcast to teach you about how taxes affect your business and personal lives and how to lower your tax bill. Taxes affect every area of life, from buying a house, trading stocks, trading NFT/Crypto currency, operating a business, and even giving birthday gifts. We are here to help you understand the complexities of the tax code.
Disclaimer: The purpose of this podcast is for educational purposes. Please consult with your accountant, financial advisory and other resources before making any decisions/investments based on the content of this show.
Disclaimer: The purpose of this podcast is for educational purposes. Please consult with your accountant, financial advisory and other resources before making any decisions/investments based on the content of this show.
Mac Tax® CPA (Accounting, Tax, Business, Stocks, Crypto, NFTs and more)Jun 07, 2020
00:00
04:46
BTC ETF what’s next for crypto part 2?
BTC Spot ETF what’s next for crypto part 2? Price appreciation? Republican support for crypto in 2024?
Jan 14, 202400:58
What is the Bitcoin ETF and whats next for crypto investors?
Learn about the bitcoin ETF what’s next for crypto investors and why you should get serious about filing your Crypto taxes ASAP
Jan 11, 202400:59
Want to save money on your income taxes this year? Do this now before year end
Time to take inventory and do tax planning before year end to save on your income taxes
Dec 09, 202300:56
Supreme Court Tax Case with HUGE Implications possibly blocking a future wealth tax
This Supreme Court case could forever block a future wealth tax
Dec 05, 202301:35
How to Avoid and Spot Scams
We have been seeing too many people lose money to scams never send crypto or money to a platform or wallet you don’t hold the private keys or passwords too
Nov 28, 202300:55
Mac Tax CPA Podcast with Cory Gayman CPA - 2023
Join us for a conversation about the state of being an accountant, the IRS, running a business and more
Nov 17, 202340:02
Here’s how to tell the difference between a hobby and a business for tax purposes
Here are the 10 factors the irs looks at in determining if your business is a business or hobby for taxes
Sep 21, 202301:27
New cryptocurrency tax law defines “crypto broker”. This is how it will affect crypto investors
The new crypto broker law has a big impact on consumers listen in for details
Sep 05, 202301:27
What to know if you’re investing in cryptocurrency/NFTs
Short clip from legal limelight podcast with Francesca Witzburg
Sep 02, 202301:43
How Tax and Legal Planning Upfront can Help save you 💰 Later
Full podcast with Bryan on Audio and YouTube
Aug 17, 202302:13
How to write off your car on your taxes
How to write off your car on your taxes. What car expenses can you write off and methods for calculating car deduction amount
Jun 19, 202302:00
Getting Paid in Crypto and Paying with Crypto - Jagruti Solanki (BitPay CFO) & Justin Macari (Mac Tax CPA)
Learn about Jagruti Solanki (BitPay CFO) background, how she went from assurance partner at an accounting firm to BitPay CFO. How businesses and individuals can use BitPay to get paid in crypto and also make payments in crypto, the future of crypto blockchain and more.
Apr 25, 202335:36
Why did you owe taxes this tax season part 1 - withholding
Tune into our mini series to see why and how to save money for next tax season
Apr 24, 202301:27
Upcoming 2023 Tax Deadlines
Estimated taxes are due January 17th all W2 and 1099 due January 31st
Jan 16, 202301:02
IRS delays $600 reporting threshold for form 1099k. What is form 1099k and what does it mean?
E-mail question and topics to jmacari@mactaxcpa.com
Dec 26, 202201:26
Are governments looking into those who are not reporting cryptocurrency 🤔
E-mail questions and video ideas you would like to learn about to jmacari@mactaxcpa.com
Dec 17, 202200:40
Make sure to do this tax loss harvesting strategy before year end
Use code “MACTAX10” at checkout to save 10% on Zenledger
Dec 10, 202201:26
IRS Top Two Areas to be Audited in 2023
Email your thoughts to jmacari@mactaxcpa.com
Nov 28, 202201:26
Why your cryptocurrency 1099 may not be accurate
In this episode learn why if you have multiple wallets and exchange accounts why your gains/losses reported by the exchanges may be incomplete regarding cryptocurrency NFTs and other digital assets
Oct 30, 202201:26
Legal and Tax Considerations for Businesses & NFT Projects
In this episode @web3bryan and @Mac Tax CPA talk all things legal and tax releated to operating a business and NFT projects, what you should be considering and more.
Sep 22, 202201:06:43
How can the IRS find out about your NFT/Crypto and why you should report it on your tax return
Email topic suggestions into jmacari@mactaxcpa.com
Aug 27, 202200:59
Breaking News All Tax Changes from the Inflation Reduction Act
Here is a brief summary of the new tax law changes. Please let me know what you think or want to learn more about by emailing me at jmacari@mactaxcpa.com
Aug 18, 202201:23
$25K Passive Tax Loss Exception
In this episode we discuss how to take passive losses on rental properties. See the video on Instagram and TikTok for more info
Aug 06, 202201:24
Ordinary Income/Loss Taxation Overview
In this episode of our mini 3 part series we discuss how ordinary income is taxed and how ordinary losses can be utilized to offset your other income.
Jul 05, 202201:59
Capital Gain Favorable Tax Rates & Writing off Capital Losses
In this part 1 of a 3 part mini series we go over how capital gain favorable tax rates work and how to write off capital losses. Email all topics you want to learn about to jmacari@mactaxcpa.com
Jun 23, 202201:26
How to Harvest Tax Losses on Crypto/NFTs
See the video on ticktok. Learn how to take advantage of this down market to harvest Crypto/NFT losses since there is no wash sale. www.tiktok.com/t/ZTd7coP2p/?k=1
Jun 01, 202202:34
NFT/Crypto Taxation, Regulation, ZenLedger and More with Dan Hannum COO of ZenLedger
On this episode we chat with Dan Hannum COO of ZenLedger. Learn more about Dan's background on his path from graduating college to becoming COO of ZenLedger. Dan and I talk about the taxation of crypto currencies and NFTs, common misconceptions about the tax code regarding NFT/Crypto as well as the tax codes limitations on this emerging field. Dan discusses how ZenLedger can help individuals, individuals with tax accountants, tax accountants, businesses as well as governments calculate the tax impact of NFT/Crypto activity across multiple wallets and accounts. Dan discusses how ZenLedger is a secure and easy to use platform and anyone get started for free to import their NFT/Crypto activity prior to signing up. We also talk about what it's like for Dan to work with legendary investors Mark Cuban and Gary Vee who are investors at ZenLedger.
We hope you enjoy and we thank Dan for coming on the show!
ZenLedger/Dan’s website and socials:
- ZenLedger website: https://www.zenledger.io/
- ZenLedger Twitter: https://twitter.com/ZenLedgerIO?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
- Dan’s Twitter: https://twitter.com/DHannum8?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Mar 18, 202253:38
NYS LLC Tax Return (IT-204-LL) Due March 15th
In this episode we discuss what the NYS LLC Tax Return is which is IT-204-LL, who must file this form, who does not need to file this form, how the LLC fee is computed and when this form is due (March 15th). Please email all questions to jmacari@mactaxcpa.com
Feb 21, 202206:42
Sports Betting Winnings are they Taxable? - Super Bowl Sunday Edition
In this episode we discuss what to do if you win big today on Super Bowl Sunday or throughout the year. Tune in to learn how to lower your tax bill on any sports betting earnings either from a sports betting app or wagers at your local bar. Send your questions in to jmacari@mactaxcpa.com
Feb 13, 202205:27
Uber/Lyft Taxation Overview Podcast
On this episode we discuss: the basics of how uber/lyft income is taxed, the deductions that can be taken for Uber/Lyft Drivers, self employment taxes, as well as criteria for material participation to take a net loss against your other income. Email all questions to jmacari@mactaxcpa.com
Feb 07, 202208:36
Mac Tax CPA website launched + How to calculate your taxes on Crypto and NFT's for 2021 Tax Season
On this episode we discuss the launch of our website https://mactaxcpa.com/home as well as how to figure your Crypto and NFT gain/losses for the 2021 tax year to determine your income tax impact. Please email any questions to mactaxcpa@gmail.com
Jan 20, 202209:22
2022 Tax Season Start Date plus 1099NEC and W2 Deadline January 31st
2022 Tax Season Start Date is jan 24th and 1099NEC and W2 Deadline January 31st. Please email your questions to mactaxcpa@gmail.com or join our discord to ask questions
Jan 15, 202202:33
How to become an S-Corporation
In this episode I’ll give you the specific steps and tax forms that need to be filed in order to become an S-Corp. I’ll even explain how to make the S-Corp election even if you are 3 years late.
Oct 31, 202004:22
Benefits of Being an S-Corp
Tune into this week’s episode to learn the tax savings benefits of choosing an s-corp structure.
Jul 26, 202003:31
How to access the cash in your retirement account tax free during COVID-19
In this podcast I discuss how you can tap into your 401k or IRA accounts if you have been diagnosed with COVID-19 or have had economic hardship during COVID-19. Use this method to get cash on hand now in times of need.
Jun 07, 202004:46
How to deduct Charitable Contributions - UPDATED CARES ACT 2020
The CARES act provides updated rules for the ability to take more of a deduction for charitable donations on your 2020 tax return. Tune in now to find out more how to start maximizing next years refund now!
Jun 01, 202004:02
What is AMT (Alternative Minimum Tax)?
AMT is a separate set of rules and adjustments that must be applied to your tax return once you make a certain amount of income. It is designed to make sure people taking excessive deductions still pay some “minimum” tax.
May 17, 202004:19
CARES Act changes to (NOL) Net Operating Loss
Businesses now have the ability to take advantage of the new NOL changes under the CARES act. If you had a taxable loss for your business in years 2017 or 2018 give this episode a listen.
May 03, 202003:43
CARES and PPP refunded by Congress
Get the latest depreciation updates from the CARES act to take advantage of fast cash now and the details of the refunded paycheck protection program for small businesses.
Apr 26, 202005:48
Ray Dilao All Season’s Stock Tips
Wanted to share with you guys an investment tip from the Tony Robins book Money Master the Game where he interviews one of the greatest wealth managers ever, Ray Dilao.
Apr 20, 202002:58
Part year and Non resident tax returns
Learn about what a part year and non resident income tax returns are and why it’s so important to know residency rules for taxation purposes.
Apr 08, 202002:40
Is Now the Time to Start Buying Stocks During the COVID-19 Bear Market?
DISCLAIMER: Mactax is not responsible for any financial advice given. Please do your own research and consult with your financial advisor before acting on any advice/opinions in this episode.
Mar 21, 202002:55
2020 Tax Law Changes to Traditional IRA Retirement Accounts
The Further Consolidated Appropriations Act of 2020 made changes to traditional IRA's. These changes included removing the age cap to contribute to a traditional IRA, raises the age to 72 for RMD's, and changes the rules for inheriting a traditional IRA. Tune into this weeks episode to learn the full details about the FCAAs impact on traditional IRA retirement accounts and how to change your tax strategy to adjust for these new law changes.
Feb 17, 202004:26
How to Avoid IRS Matching Notices
Tax Season is upon us but don’t be too eager to file for that refund before you get all of your tax documents in! Filing too early could run you the risk of forgetting about certain tax documents you need to complete your return. Take inventory of 2019 and establish what you need and where you made money before filing.
Feb 07, 202003:33
How to Deduct State Taxes
Can you deduct state taxes on your personal and business federal tax return? If so how much can you write off? Tune in to this week’s episode to find out!
Jan 19, 202002:40
Life Insurance Premiums NOT Tax Deductible
Any personal or business life insurance premiums paid to benefit an officer, employee or yourself are NOT tax deductible. If paid through a business these premium expenses must be reversed out each year as a permanent tax adjustment. All life insurance plans owned by an employer must be reported on form 8925 each year. Consequently life insurance payouts are tax free to the beneficiary, so at least it’s fair in that sense.
Jan 14, 202002:54
2020 Tax Documents for Tax Season
Learn about what each tax document is and what tax documents you should be expecting to receive this year in order to complete your 2019 tax return.
Jan 10, 202003:29
Tax on Holiday Gifts 🎁?
Happy Holidays everyone! Hope you got all the gifts and got to spend time with the family (hopefully you wanted that too). Have you ever wondered if you have to pay tax on those gifts you received? What if it’s a big gift, like a car? Tune into the latest episode to learn who has to pay the tax on gifts...the answer may surprise you.
Dec 30, 201903:09
Obama Care ACA Individual Mandate Repealed
Breaking news out of the US court of Appeals! The US appeal court division just ruled that the individual mandate of the Affordable Care Act (Obama Care) was ruled unconstitutional. Therefore solidifying the removal of the requirement to report on your taxes whether you had health insurance AND removing the penalty if you did not have health insurance for any month throughout the year. With the repeal of the individual mandate you will notice that there is no more check box on your tax return to report if you had health insurance and will no longer be required to pay any penalties or claim exemptions for months you did not have health insurance.
Dec 18, 201903:53
Year End Tax Planning Tips
Major theme of year end tax planning is that documentation is key 🔑 Any tax deduction whether it’s charity, IRA contribution, mortgage interest, teacher out of pocket expenses, or just closing out your books for your business, you will need the documentation to take the tax deduction. Now is the time to get ahead and start organizing your files before the craziness starts next year.
Dec 13, 201903:59