All the Hacks with Chris Hutchins

Debunking Tax Myths, Avoiding Audits and Maximizing Savings with Jasmine DiLucci


Listen Later

#200: Take control of your taxes and save money with unique strategies from tax expert Jasmine DiLucci. Learn how to leverage IRS transcripts, identify misleading tax advice, and differentiate between personal and business deductions. We also cover common audit triggers and valuable tax planning advice for business owners.

Jasmine DiLucci is a seasoned tax attorney, Certified Public Accountant, and Enrolled Agent with over a decade of experience. She specializes in tax controversy, litigation, IRS collections, payroll debt disputes, penalty abatements, and audit representation.

Link to Full Show Notes: https://chrishutchins.com/tax-savings-2024-jasmine-dilucci


Partner Deals

Cultural Care: Get $250 off flexible childcare with international au pairs

1Password: Free 2-week trial of my favorite password manager

Mint Mobile: $15/mo for unlimited wireless on the nation's largest 5G network

NetSuite: Free KPI checklist to upgrade your business performance

Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth

For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals


Resources Mentioned

Jasmine DiLucci: YouTube | Website

  • Are Credit Card Rewards Taxable?

Request IRS Transcripts

Donor-Advised Fund: Daffy (Free $25 for charity)

ATH Podcast:

  • Chris' Newsletter: Subscribe
  • Ep #50: The Power (and Tax Savings) of Charitable Giving with Adam Nash
  • Ep #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth with Patrick and Mani
  • Ep #147: How to Save on Taxes with Ankur Nagpal

  • Full Show Notes

    (00:00) Introduction

    (02:09) Why There's So Much Bad Tax Advice

    (05:17) Debating for Business Expenses vs. Personal Expenses

    (07:36) Can You Hire Your Kids to Work for You?

    (10:31) Ways to Identify Good and Bad Tax Advice Online

    (14:07) What Actually Happens When You Get Audited by the IRS

    (20:13) Do Credit Card Transactions Justify Receipts?

    (21:32) Common Things That Would Flag Audits

    (24:13) The Importance of IRS Transcripts

    (28:55) What Happens When the IRS Delays a Payment

    (30:33) Jasmine's Advice to Minimize Tax Penalties

    (32:36) What Kind of Tax Documents Can Have Errors?

    (34:44) Filing Using Tax Tool vs. Tax Expert

    (38:55) Chris' EOY Tax Checklist

    (43:41) Business Tax: Setting Up S Corps vs. LLCs

    (45:07) Changes to Expect in the Near Future

    (49:30) Where to Find Jasmine


    Connect with Chris

    Newsletter | Membership | Twitter | Instagram | LinkedIn


    Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    ...more
    View all episodesView all episodes
    Download on the App Store

    All the Hacks with Chris HutchinsBy Chris Hutchins

    • 4.8
    • 4.8
    • 4.8
    • 4.8
    • 4.8

    4.8

    1,501 ratings


    More shows like All the Hacks with Chris Hutchins

    View all
    Afford Anything by Paula Pant | Cumulus Podcast Network

    Afford Anything

    3,516 Listeners

    ChooseFI by ChooseFI

    ChooseFI

    5,077 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,048 Listeners

    Miles to Go - Travel Tips, News & Reviews You Can't Afford to Miss! by Ed Pizza, Richard Kerr

    Miles to Go - Travel Tips, News & Reviews You Can't Afford to Miss!

    369 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    430 Listeners

    Award Travel 101 by Award Travel 101 Team

    Award Travel 101

    149 Listeners

    Frequent Miler on the Air by Frequent Miler

    Frequent Miler on the Air

    585 Listeners

    MTM Travel - The Fun Side of Points & Travel! by Shawn Coomer & Mark Ostermann

    MTM Travel - The Fun Side of Points & Travel!

    321 Listeners

    Geobreeze Travel by Julia Menez

    Geobreeze Travel

    395 Listeners

    Mile High FI Podcast by Carl Jensen & Doug Cunnington

    Mile High FI Podcast

    184 Listeners

    Points Talk with the Travel Mom Squad by Travel Mom Squad: Travel on Credit Card Points

    Points Talk with the Travel Mom Squad

    922 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    324 Listeners

    Point Me To First Class by Devon Gimbel MD

    Point Me To First Class

    1,146 Listeners

    Let's Get To The Points by Serena, Miguel and Mitch Shannon

    Let's Get To The Points

    101 Listeners

    Takeoff: A Points and Miles Podcast by 10xTravel by 10xTravel

    Takeoff: A Points and Miles Podcast by 10xTravel

    389 Listeners