The WealthAbility Show - Protecting Yourself Again
The WealthAbilityShow #86 - Protecting Yourself Against the New IRS w/ Scott
Michel
President Biden wants to double the IRS’s workforce in an attempt to crack down on tax cheats. Tax attorney, Scott Michel, joins Tom to discuss how business owners and investors can prepare for a new – and more aggressive – IRS.
03:28 - The IRS Claims That Unpaid Taxes Amount To $1 Trillion. Is This True?
05:02 - Is Biden Using The IRS To Help Pay For His Social Spending?
07:58 - Is The IRS Encouraging More Tax Cheating By Targeting “The Rich?”
09:32 - Does The 1% Constitute The Bulk Of Tax Cheating?
12:15 - Why Should Small Businesses Be Wary Of A Beefed-Up IRS?
14:35 - What’s The Difference Between Tax Evasion And Tax Avoidance?
17:29 - How Will The IRS Use Any Additional Funding?
19:26 - How Will The IRS Use Technology To Fight Fraud?
24:04 - How Can Tax Payers Prepare For A Beefed-Up IRS?
Looking for more on Scott Michel?
Website: https://www.caplindrysdale.com/about.aspx
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
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