Gilbert Talks Taxes

2023 Fall Episode 11 - November 18, 2023

Gilbert talks about the IRS LTR6534 that many are getting: it is apparently a plug for healthcare.gov, but now there could be scams! He also talks about filing a "zero return" as well as depreciation, deductions, and year-end strategies. Update on ERC- the charges for fraud are now criminal! Gilbert leaves us with a thought in Malachi 3:17- keep your eyes on the God of justice.

2023 Fall Episode 10 - November 11, 2023

Today, Gilbert talks about Veterans. He also advises that the IRS efile platform will shutdown later this month. Other topics include not-for-profit tax returns, charitable donations, ERC, and investment reporting.

2023 Fall Episode 9 - November 4, 2023

Gilbert starts off with a little Veterans Day trivia, and moves on to discuss the FTX aftermath. Malachi 3:17 don’t murmur against the God of justice. Charles Littlejohn, age 38... and Duncan Bass - those are the two names we hear about from Gilbert today. Pay attention when making charitable contributions so you can avoid pitfalls.

2023 Fall Episode 8 - October 28, 2023

Gilbert's topics today include: tax extensions until 10.7.2024 file AND payment relief for those impacted by the terrorist attacks in Israel; Data security and Charles Littlejohn; Inheritance and capital gains; and the recent ERC moratorium.

2023 Fall Episode 7 - October 21, 2023

Gilbert talks about passed deadlines and year-end considerations, as well as a thorough update on the latest news, history, warnings, qualifications, and scenarios surrounding ERTC, including the current moratorium and option to withdraw a claim. He also talks about inheritance and gifting strategies.

2023 Fall Episode 6 - October 14, 2023

Gilbert talks about legal tax avoidance, house flipping and capital gains, gift tax, deadlines and amended returns, with lots of historical asides along the way from Kennedy and the Space Race to present day. A little tax planning goes a long way to avoiding future disasters. Gilbert answers a listener question about inheriting a home and step-up basis, with his famous "Uncle Marvin" scenario. He signs off with a reminder to "Keep Israel in our prayers!"

2023 Fall Episode 5 - October 7, 2023

Gilbert talks about the looming deadline, penalties & waivers, and Donna's inheritance fiasco (new rules about inherited IRAs). He talks about 1099s and independent contractors, and Todd pops in again telling us about a WCAB give-away event today. (Gilbert reminds listeners that winnings over $75 are taxable!) News update with virtual currency, the FTX fraud saga, and the economy.

2023 Fall Episode 4 - September 30, 2023

Gilbert talks about retirement, and every decision is a tax decision. Inflation will affect (reduce) refunds this year, Gilbert predicts. Todd makes a surprise appearance (much to Gilbert's glee) and they talk about state taxes, and donuts. Gilbert reminds taxpayers that the October deadline is fast approaching. He also warns about phasing out of various credits and the need for planning.