Bitcoin Jesus ,Fraudulent Tax Preparation, & CPA's with Mark Nelson

Описание: In this segment, host Todd Marquardt and special guest Mark Nelson, CPA, discuss “sinners and saints,” referencing Martin Luther’s idea that everyone is a sinner but can be forgiven. Todd introduces the case of Roger Ver, known as “Bitcoin Jesus,” who faced a $50 million penalty for failing to properly report his Bitcoin holdings when expatriating from the United States. Mark Nelson explains the tax implications of cryptocurrency, noting that while merely owning Bitcoin requires disclosure on tax returns, selling or using it for purchases triggers taxable transactions. The segment emphasizes the importance of ethical financial reporting and how government enforcement has caught up with blockchain technology. #sinnersandsaints #TaxLaw #Bitcoin #Cryptocurrency #Ethics 💸🪙

The show features a caller named Bert, a disabled veteran, who asks about recouping taxes withheld from his pension despite his tax-exempt status. Mark provides practical advice, recommending Bert attach his disability documentation to his tax return to claim the proper exemption, sharing that this approach has worked for other clients. The discussion also highlights free resources such as SCORE, a board of advisors for businesses, and VITA, a volunteer income tax assistance program, emphasizing their value for tax help. #VeteranBenefits #TaxExemption #TaxHelp #VITA 🇺🇸📝

The segment closes with a cautionary tale about fraudulent tax preparation businesses, underscoring the need for diligence when selecting a tax professional. Mark Nelson explains the strict advertising regulations for CPAs and advises listeners to be wary of firms making exaggerated claims. The segment ends with a reminder that Mark Nelson and Joseph Warren of Financial Planning HQ provide coordinated advice for their clients and teases an upcoming discussion on legacy planning. #CPAtips #FinancialPlanning #LegacyPlanning 🧑‍💼💼🌟

🎧 Talk Law Radio airs weekly across multiple stations and is available on YouTube, Facebook, and podcast platforms.

The mission of Talk Law Radio is to help you discover your legal issue blind spots by listening to me talk about the law on the radio. The state bar of Texas is the state agency that governs attorney law licenses. The State Bar wants attorneys to inform the public about the law but does not want us to attempt to solve your individual legal problems upon the basis of general information. Instead, contact an attorney like Todd A. Marquardt at Marquardt Law Firm, P.C. to discuss your specific facts and circumstances of your unique situation.

Like & Subscribe!    / @talklawradio3421  
Listen here! www.TalkLawRadio.com
Work with Todd! https://marquardtlawfirm.com/

🔍 Expert insights
⚖️ Real-life implications
🎙️ Thought-provoking discussion
🎧 Tune in and stay informed!

👉 Interested in charitable tax planning or donor advised funds?
Call Financial Planning HQ: 210-444-2128