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The WealthAbility Show #145 - Fed Up With the IRS w/ Mark Calabria

The WealthAbility Show #145 - Fed Up With the IRS w/ Mark Calabria

6/23/2023 11:00:00 AM   |   Comments: 0   |   Views: 53

Fed Up With the IRS w/ Mark Calabria

The WealthAbility Show #145: Have you found yourself even just a little nervous about the economy? Are you prepared to pay the price for investors who can’t? Biden has increased the budget for the IRS and has plans that may push investors and businesses out of the U.S. entirely. In this episode, Mark Calabria joins Tom to discuss how the banks, interest rates and the IRS play a part in this turbulent market. 

Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

00:00 – Intro
03:00 – Would banks have a problem without runs?
07:03 – Do you have faith in your bank?
09:23 – What does the next 6 to 12 months look like for banks?
14:30 – How long will cap rates stay below interest rates?
16:59 – Who is going to feel the impact of this?
19:30 – What is an inverted yield curve?
24:42 – What is going to happen with the “new” IRS?
27:22 – Why are we putting additional fees on people for having good credit?

 

Looking for more on Mark Calabria?

Books: “Shelter From the Storm”
Podcast: Short Term Rental Riches

 

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/

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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

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