Paying taxes is painful, but hearing about them shouldn't have to be. Welcome to Tax Breaks, our weekly podcast full of tax tips, need-to-know deadlines and the latest tax-related news.
On this first episode of the Forbes Tax Breaks Podcast, Forbes Senior Writer and tax attorney Kelly Phillips Erb discusses the implications of the Trump administration's policies on the 2025 tax season. She highlights potential challenges due to hiring freezes and policy changes, and explores the impact on international taxation and foreign relations. Additionally, we answer a taxpayer question about the tax implications of child support and alimony. And we end by testing your knowledge of tax history.
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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 removal of IRS documents related to DEI initiatives, the impact of the IRS hiring freeze, and new tax scams targeting taxpayers. Additionally, this episode features a trivia question about audit odds and highlights the passing of Carolyn Ann Tavenner, a key figure in IRS history.
This week on Tax Breaks, we’re talking about IRS programs for taxpayers that need a hand, plus Trump tariffs,, the Earned Income Tax Credit, the student loan interest deduction, seasonal filing statistics, industry updates, and a beneficial ownership information (BOI) reporting update.
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.
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.
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.
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.
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
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.
