Tax and Money Tavern

By Liliya CPA

I talk about all things tax, accounting, finance, economics, business, and money. The goal here is to entertain you while providing valuable insights into various fields and sparking curiosity! The po... more

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FAQs about Tax and Money Tavern:

How many episodes does Tax and Money Tavern have?

The podcast currently has 3 episodes available.

Tax and Money Tavern episodes:

December 26, 2023 Episode 3 - Carried Interest, How it's Taxed and the Controversy
Connect with me:

Website: ⁠www.LiliyaCPA.com⁠
LinkedIn: ⁠Liliya Yerassilova⁠
YouTube: ⁠Liliya CPA

On todays' episode we'll be talking about Carried Interest finally! What carried interest is, how it's taxed, what the logic behind the current taxation and arguments to overhaul this so-called "Tax Loophole for the Wealthy".
Also, I have to put a disclaimer that the podcast is not your tax guide and not professional advice. This is just a way to have fun
while learning something new and hopefully, useful! Alright, let’s get into it!
Music:
Medieval Fantasy by Aleksey Chistilin from Pixabay
https://pixabay.com/music/beautiful-plays-medieval-fantasy-142837/
Resources:
Investopedia Articles:
About Carried Interest:
https://www.investopedia.com/terms/c/carriedinterest.asp
Taxation of PE Firms:
https://www.investopedia.com/articles/investing/072215/how-private-equity-and-hedge-funds-are-taxed.asp
CNBC Article:
https://www.cnbc.com/2022/08/08/what-carried-interest-is-and-how-it-benefits-high-income-taxpayers.html
Tax Notes article on the new bill:
https://www.taxnotes.com/research/federal/legislative-documents/congressional-news-releases/wyden-announces-bill-to-change-carried-interest-tax-treatment/7hk8q

American Bankruptcy Institute article on Limited Liability:
https://www.abi.org/feed-item/private-equitys-abuse-of-limited-liability
...more
20min
October 14, 2023 Episode 2 - Private Equity Firms and the SEC - What's going on?
In today’s episode, we’ll look into private equity firms, what they are, and what they do; the SEC news on regulating the 2% management fee reporting and a $20.5 Million settlement charge by a NY-based private equity firm.
SEC Enhances the Regulation of Private Fund Advisers:
https://www.sec.gov/news/press-release/2023-155

SEC Charges Private Equity Firm Prime Group for Inadequate Disclosure of Fees Paid to Affiliate:
https://www.sec.gov/news/press-release/2023-167
Website: ⁠www.LiliyaCPA.com⁠
LinkedIn: ⁠Liliya Yerassilova⁠
YouTube: Liliya CPA - YouTube
Music Title: Village Consort
https://www.youtube.com/watch?v=eZ_r1H9vHkI&list=PLnuhlOfdJ2WKvIu8eaF3uel9p3VjuK10M
...more
12min
October 10, 2023 Episode 1 - Introduction; all income is taxable case, clean vehicle tax credit, FAQs
Todays’ first episode will include an interesting tax case, a news segment on clean vehicle tax credit, and answers to two frequently asked tax questions.

Videos mentioned:
Clean tax credits:
https://youtu.be/kozeKtAb5Bo

Resources used for the episode:
Cesarini v. United States, 296 F. Supp. 3 (N.D. Ohio 1969)
https://law.justia.com/cases/federal/district-courts/FSupp/296/3/1982804/
U.S. Department of the Treasury, IRS Release Guidance to Expand Access to Clean Vehicle Tax Credits, Help Car Dealers Grow Businesses:
https://home.treasury.gov/news/press-releases/jy1783
Form 1099-NEC & Independent Contractors:
https://www.irs.gov/faqs/small-business-self-employed-other-business/form-1099-nec-independent-contractors

Music:
Waltz in e minor by Alexander Griboedov - performed personally
Palace of Roses - Aakash Gandhi
...more
10min

FAQs about Tax and Money Tavern:

How many episodes does Tax and Money Tavern have?

The podcast currently has 3 episodes available.