IRS Audit: Are You In Danger?

FromMotley Fool Answers

Start listening View podcast show

IRS Audit: Are You In Danger?

FromMotley Fool Answers

ratings:

Length:

19 minutes

Released:

Mar 31, 2015

Format:

Podcast episode

Description

Have you ever received a "clarification letter" from the IRS? Uh oh. Our on-call CPA Megan Brinsfield shows us how to steer clear of the IRS's scrutiny while we fess up to our own audit near-misses. Plus, a review of wacky excuses people use to get out of paying taxes.

Released:

Mar 31, 2015

Format:

Podcast episode

Titles in the series (100)

Saving, spending, planning — you've got money questions and we've got answers. Every week host Alison Southwick and personal finance expert Robert Brokamp challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves. Send your questions to answers@fool.com.

Skip carousel

The 411 on your 401k: What they are, why you should care, mistakes people make (full disclosure: including our own boneheaded blunders) and two things to do right this very moment to improve your returns. by Motley Fool Answers
19 min listen
5 Reasons to Delay Retirement: Sticking it out for just a few more years can pay huge financial and personal dividends. by Motley Fool Answers
23 min listen
Secrets to Warren Buffett's Success: Celebrating 50 years of Berkshire Hathaway's annual letters, we share 10 Warren Buffett quotes to help you invest as successfully* as the Oracle of Omaha. (*Your mileage may vary. But we promise it'll improve.) by Motley Fool Answers
24 min listen
When Good Debt Goes Bad: Sometimes "good debt" turns out to be not-so-good after all. When it comes to mortgages and student loans, don't blindly follow the old financing rules-of-thumb. by Motley Fool Answers
18 min listen
Checklist for a Financially Fit 2015: Forget New Year's resolutions (too much pressure!). Instead follow our five-point checklist (easy!) to set yourself up for a financially fit 2015. by Motley Fool Answers
19 min listen
Credit Score Facts and Fallacies: Credit Score Facts and Fallacies: Your parents might not buy you ice cream for bringing home a good credit score. But a top-notch money GPA will get you favorable financial treatment (and pay off handsomely, to boot). We set the score straight on the... by Motley Fool Answers
17 min listen
End the Year Strong: We've picked out our favorite year-end financial "to dos" so you can make the dwindling days of 2014 pay off handsomely for years to come. by Motley Fool Answers
13 min listen
Divorce-Proof Your Finances: We discuss "wife bonuses" (yeah, it's a thing), how to get your credit score for free, and three steps to help divorce-proof your finances. by Motley Fool Answers
25 min listen
Couples & Cash: How to Have "The Talk": Don't let money issues become a sore spot in your relationship. We share our top tips to make managing money with your Shmoopy painless, productive -- and even fun! by Motley Fool Answers
22 min listen
Impress People at Parties With Your Investing Knowledge: Matt C. has a confession: "When my friends start talking about investing I just nod my head and pretend to know what they're talking about... I'm too embarrassed to admit that I don't know the difference between a stock, a bond and a mutual fund."... by Motley Fool Answers
24 min listen
IRS Audit: Are You In Danger?: Have you ever received a "clarification letter" from the IRS? Uh oh. Our on-call CPA Megan Brinsfield shows us how to steer clear of the IRS's scrutiny while we fess up to our own audit near-misses. Plus, a review of wacky excuses people use to get... by Motley Fool Answers
19 min listen
What Your Tax Return Says About You: Do you have a Type A personality? Are you a generous person? Are you on the road to wealth? What kind of investor are you? Special guest CPA Megan Brinsfield reveals about what your tax return says about you. Plus, we play a rousing game of "Is It... by Motley Fool Answers
21 min listen
Easy Tricks for Sticking to a Budget: Make it easy. Make it automatic. Here are our best ideas for keeping your budget on track. Plus, everyday budgeting heroes at The Motley Fool share their No. 1 piece of advice. by Motley Fool Answers
20 min listen
Mailbag! First Investments, IRA Limits, Financing a New Business, Credit Score Dings and More: How much money do I need to start investing? What's the best way to invest for kids? Is this going to hurt my credit score? Answers to these and other listener questions, plus our inaugural inductee into the Money Hall of Shame. by Motley Fool Answers
25 min listen
Bad Financial Advice: Red Flags, Must-Ask Questions: Warning signs that you're getting bad financial advice from your money pro. Plus, breakup lines to help you get out of a bad relationship. by Motley Fool Answers
25 min listen
5 Ways Your Brain is Sabotaging Your Money: Biases prevent all of us—yes, even you—from managing money intelligently. Morgan Housel, behavioral finance expert at The Motley Fool, joins us to talk five common biases and how you can reduce the damage they inflict on your finances.... by Motley Fool Answers
27 min listen
Playing Catch-Up: 6 Tips for Late-Starters: We’ll help you figure out if you’re behind on retirement savings and give you six steps to get yourself back on track. Plus we get Pulitzer Prize-winning New York Times reporter Charles Duhigg to dish about will power, forming good habits,... by Motley Fool Answers
30 min listen
Dividends: Next Level Stuff: Dividends analyst James Early is back to explain four dividend investing strategies and gives his best advice if you’re just starting out. Also, Robert reports back on his online grocery price comparison—did Amazon beat out Costco, Target,... by Motley Fool Answers
29 min listen
Money Lies We All Believe: We drop some truth bombs on the most oft-repeated lies about money. Plus Carl Richards, the New York Times "sketch guy" columnist, reveals the juiciest parts of his brand new book, The One-Page Financial Plan (actual size: 211 pages). by Motley Fool Answers
23 min listen
Social Security Myths & Misconceptions: Is the system going to run out of money? Should people apply for benefits as soon as they can? We tackle some of the biggest myths and give tips on how to get the most out of what you put into it. by Motley Fool Answers
26 min listen
IRAs, 401(k)s: Stuff You Need To Know: Advice to help you rock your retirement accounts. Plus we clear up common mistakes and misconceptions so that you don't hit any sour notes. by Motley Fool Answers
19 min listen
Are You Financially Average?: See how you stack up as we peek into the wallets, bank accounts, credit card bills and brokerage statements of Average Joe and Jane Q. Public. Also, we chat with Econ Talk's Russ Roberts. by Motley Fool Answers
27 min listen
Money Mistakes of the Rich and Famous: We highlight a multitude of celebrity money sins so that us little people can learn from their mistakes. Death, taxes, and all that other fun stuff. by Motley Fool Answers
25 min listen
Buy Your First Stock! Here's How: Are you ready? (We have a checklist.) Which broker should you use? What companies should you buy? When should you pull the trigger? How many shares? What about selling? Listen up and check out our new . by Motley Fool Answers
32 min listen
Talking to Your Parents About Money: Tips on how to bring up this sensitive topic, a checklist of things to cover, and a rundown of red flags that may indicate your parent or elderly relative is being scammed. by Motley Fool Answers
22 min listen
Advice for College Grads: Money tips, job hunting advice, life lessons, and why ages 26 and 32 are markers of true adulthood. Plus we share the major regrets from our youths so that you don’t end up like us. by Motley Fool Answers
27 min listen
How to Pay for College Without Getting Eaten by a Dragon: We read a choose your own adventure tale on how to save for college, introduce Robert to the world of LARPing, and answer your questions about the Backdoor Roth. by Motley Fool Answers
22 min listen
Mailbag! Your 911 Fund, IRA Rollover Advice and Missing Wills: The bottom line on your emergency fund, an investment that puts your eggs in many baskets, how to find out if someone dearly departed has left you any money, and more of your pressing money questions answered. by Motley Fool Answers
24 min listen
Dividends Are Awesome: Get some!: Companies that pay dividends tend to outperform the rest, making them a great addition to your portfolio. Foolish dividends analyst, James Early, discusses the basics of dividends and reveals four of his favorite dividend payers right now. We also... by Motley Fool Answers
25 min listen
Spoiled Rotten: Raising Kids That Aren't: Advice on allowance, dealing with the "I wants," tools to help instill values, and how to answer uncomfortable questions like, "Why don't we have [showy item the neighbors own]?" from New York Times columnist Ron Lieber, author of "The Opposite of... by Motley Fool Answers
31 min listen

Related podcast episodes

Skip carousel

Dirty Dozen Tax Scams by MoneyWatch with Jill Schlesinger
11 min listen
Check's in the Mail: How to Take Advantage of the Employee Retention Credit: Running a construction business is hard enough on its own. So many moving parts and details to look at. Then, you add accounting to the mix of complications. This leads to long nights during tax season, confusion and overwhelm. Why?... by Construction Genius
26 min listen
What Your Tax Return Says About You: Do you have a Type A personality? Are you a generous person? Are you on the road to wealth? What kind of investor are you? Special guest CPA Megan Brinsfield reveals about what your tax return says about you. Plus, we play a rousing game of "Is It... by Motley Fool Answers
21 min listen
Clinton Donnelly: Bitcoin & Crypto Taxes – What Every US Taxpayer Needs to Know (sponsored): With the influx of crypto investors in the space since 2017, it’s no wonder the IRS is looking at gains on Bitcoin and Ether as a way to fill their quotas for audits. The complexity of crypto makes these taxpayers low-hanging fruit. by Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
46 min listen
The Episode About Taxes| Milton Rodriguez by Everyone's Talkin' Money
43 min listen
Episode 119 | The Hidden Costs: The Pitfalls And Risks Of Giving Free Tax Advice With Dominique Molina: Free tax advice may seem benevolent, but beware of the hidden costs it imposes on your firm's growth. Today, we have a remarkable guest who is set to revolutionize the world of tax planning. Meet , the visionary co-founder and president of the . Her... by The Abundant Accountant
32 min listen
2017 Housing Crash? (Don't say we didn't warn you!): You can't blame this on the election - we've been saying this for almost 2 years! What you need to know NOW about the next housing crash! by Real Estate Training & Coaching School
34 min listen
How to create a phishing email - Part 1: Chris Maddalena a senior security consultant joins me to discuss how to create a phishing email. by Exploring Information Security - Exploring Information Security
29 min listen
The Big Lie about Leads: How to Break the Habit of Buying Business!: Its seemingly easy, quick and painless. But is it profitable? What to do if you're addicted to buying leads! by Real Estate Training & Coaching School
33 min listen
In Legal Terms: 2020 Taxes: 03/16/2021 by In Legal Terms
49 min listen

Discover this podcast and so much more

IRS Audit: Are You In Danger?

IRS Audit: Are You In Danger?

Description

Titles in the series (100)

More Episodes from Motley Fool Answers

Related podcast episodes