How debt forgiveness creates taxable phantom income
Dan Pilla joins Jim Blasingame to reveal how a home foreclosure, bankruptcy or car repossession creates a taxable event, often without the cash to pay the taxes, a k a, phantom income.
Category:
Finance, Accounting, and Taxes, Legal
More interviews with Dan Pilla »See all
Dan Pilla joins Jim Blasingame to reveal some of the good and the bad elements of the recent tax bill for small business, including a tax cut that came with a lot of tax compliance complications.
Dan Pilla joins Jim Blasingame to reveal some of the tax implications of the different ways you can legally structure your business entity.
Dan Pilla joins Jim Blasingame to reveal that when you trade currency – crypto or otherwise – and make money, that becomes a taxable event and the IRS will come after you.
Dan Pilla joins Jim Blasingame to reveal some of the good and the bad elements of the recent tax bill for small business, including a tax cut that came with a lot of tax compliance complications.
Dan Pilla joins Jim Blasingame to reveal some of the tax implications of the different ways you can legally structure your business entity.
