The Accounting Podcast

The Biggest Check You Can Write to The IRS


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Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.

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Chapters
  • (00:40) - What's the largest check you can write to the IRS?
  • (05:38) - Jeff Bezos could be saving $600 million from moving to Florida
  • (14:44) - Why movie studios are throwing out projects for tax breaks
  • (21:03) - Keenan Thompson's accountant stole $1.5 million from him
  • (26:27) - How much of relationship problems are finance-related?
  • (31:38) - California plans to use AI to help answer people's tax questions
  • (35:51) - PwC UK boss says AI is why workers should be in the office
  • (40:45) - Silicon Valley Bank collapse follow-up and why it could happen again
  • (51:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast
  •  


    Show Notes

    Warner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. Government

    IRS Seeks More Than $1 Billion From SVB for Taxes

    IRS sues FDIC to get $1.45B in SVB back taxes       

    Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit

    California plans to use AI to answer your tax questions

    Jeff Bezos will save over $600 million in taxes by moving to Miami

    The Indicator from Planet Money : NPR  

    Mayweather’s $18 Million Check To The IRS Packs A Punch,
    But Is Under The $100 Million Weight Limit

     

    Jeff Bezos reaps Florida tax benefit with $4B Amazon
    share sale

     

    Young staff need to be in the office because of AI, says
    PwC's UK boss | Accounting Today

     

    Money is the Biggest Relationship Hurdle for 1 in 4
    Couples, Survey Reveals - CPA Practice Advisor

     

    Kenan Thompson Reveals a Crooked Accountant Stole $1.5
    Million From Him During His Nickelodeon Days | Video

     

    When accountants attack: why Netflix is cancelling Halle
    Berry’s new sci-fi movie

     

    Ben Affleck Reportedly Filming The Accountant 2 This Year

     

    FASB Won’t Consider Changes in Securities Accounting
    After Bank Failures - WSJ

    New York Community Bank’s Commercial Real Estate Loan
    Problem May Be Isolated, Experts Say

     

    Banking Crisis Plays Out at America’s Smallest Lenders


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    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


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    The Accounting PodcastBy Blake Oliver & David Leary

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