On this episode of "Tax Breaks”, Kelly Phillips Erb talks retirement. She dives into retirement planning, highlighted by Forbes' list of the Best Places To Retire and considerations for Social Security benefits. She also delves into the nuances of early vs. full retirement age for Social Security, emphasizing the financial implications.

Kelly Phillips Erb also explores the increasing role of artificial intelligence in tax administration, examining its use by the IRS for audits and taxpayer assistance

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On this week's episode of Forbes Tax Breaks, Forbes Senior Write Kelly Phillips Erb dives into the post-Tax Day landscape, exploring changes to the tax system and the fate of the IRS Direct File program. Kelly also tackles record-keeping rules, answers a listener's question about IRS levies, and examines the debate over classifying Mega Marshmallows for VAT purposes in the UK.

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This week on "Tax Breaks" host and Forbes Senior Writer Kelly Phillips Erb covers the week's volatile stock market due to President Trump's tariffs.

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This week, on Tax Breaks, Forbes Senior Writer Kelly Phillips Erb explores the end of tax season, U.S. companies receiving a break on beneficial ownership information (BOI) reporting, and changes at the IRS and the Social Security Administration. She also delves into reporting last year's bonus pay, reveals tax filing season statistics and discusses the tax implications of Name, Image, and Likeness (NIL) income for college athletes.

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In this week's episode of Tax Breaks, form 1099-K reporting, changes at Social Security, scammers and unemployment benefits, filing for an extension, borrowing and making distributions from retirement plans, tax trivia, tax filing deadlines and more.

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In this week's episode of Tax Breaks, form 1099-K reporting, changes at Social Security, scammers and unemployment benefits, filing for an extension, borrowing and making distributions from retirement plans, tax trivia, tax filing deadlines and more.

SHOW NOTES:

Tax Filing Season Stats:

https://www.forbes.com/sites/kellyphillipserb/2025/03/17/with-a-month-to-go-irs-tax-season-filing-data-continues-to-show-little-signs-of-life/

Filing For Extension:

https://www.forbes.com/sites/kellyphillipserb/2025/03/17/not-ready-to-file-your-tax-return-file-for-an-extension/

FBAR:

https://www.forbes.com/sites/virginialatorrejeker/2025/03/21/fbar-due-date-triggers-and-key-compliance-rules-for-us-taxpayers/

Social Security:

https://www.forbes.com/sites/kellyphillipserb/2025/03/21/social-security-will-grab-tax-refunds-and-use-100-benefit-withholding-to-recover-overpayments/

Unemployment benefits:

https://www.forbes.com/sites/kellyphillipserb/2025/03/20/unemployment-benefits-can-raise-tax-questions-and-attract-scammers/

WalletHub survey:

https://wallethub.com/blog/tax-survey/20056

Rashelle Isip website:

https://www.theorderexpert.com/

Time management during tax season:

https://www.forbes.com/sites/kellyphillipserb/2025/03/21/how-to-schedule-time-for-tax-prep-keep-your-sanity-and-survive-tax-season/

Form 1099-K IRS web page:

https://www.irs.gov/businesses/understanding-your-form-1099-k

Retirement Distributions:

https://www.forbes.com/sites/dereksaul/2025/03/19/forbes-recession-tracker-economists-warn-trump-could-be-author-of-a-deep-recession/

Tax refund story: 

https://www.forbes.com/sites/robertwood/2025/03/17/irs-releases-and-debunks-five-tax-myths-about-getting-your-tax-refund/

Mail Carrier story:

https://www.forbes.com/sites/kellyphillipserb/2025/03/19/former-postal-worker-stole-more-than-16-million-in-checks-including-tax-refunds/

Link to Tingle Table image: 

https://www.loc.gov/item/2017646288

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On this episode of Tax Breaks, Forbes Senior Writer Kelly Phillips Erb covers the budget resolution Trump signed this past weekend, IRS staffing and budget cuts, and the status of the current tax filing season.

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This week on 'Tax Breaks', Forbes Senior Writer Kelly Philips Erb talks about her adventures in Alaska, recent budget moves, beneficial ownership information (BOI) reporting, a new IRS Commissioner, penny stocks and more.

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This week on Tax Breaks, Forbes Senior Editor Kelly Phillips Erb is talking about job losses at IRS, taxpayer privacy, the House and Senate making progress on the budget, changing your name, taxes on tips, and more.

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On this week’s episode of the Forbes Tax Breaks Podcast, Forbes Senior Writer and tax attorney Kelly Phillips Erb discusses the IRS Criminal Investigation, including its role in taking down a fake cancer scam. Also, she covers the slow start to the tax filing season, movement on the budget, rescheduling cannabis, and a little tax trivia.

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