))
Welcome to Tax Talk & Beyond, where we bring real U.S. Tax Court cases to life by breaking down complex rulings into simple, engaging, and practical insights. Presented by SBS Tax and Consulting Services, we explore cases from the perspectives of entrepreneurs, tax pros, and everyday taxpayers. Each episode uncovers valuable lessons you can apply to your business or personal finances. Say goodbye to boring legal jargon and hello to clear, actionable takeaways that make taxes approachable for ...
…
continue reading
1
EP 07: E-Commerce and the Sales Tax Shake-Up
18:53
18:53
Play later
Play later
Lists
Like
Liked
18:53
In this episode, we dive into South Dakota v. Wayfair, Inc, a groundbreaking Supreme Court case that redefined sales tax rules for e-commerce. By allowing states to require online retailers to collect sales tax regardless of physical presence, the decision modernized tax laws to align with the digital economy. This case marked a significant shift i…
…
continue reading
1
EP 06: Self-Employment Tax and the Limited Partner Puzzle
19:15
19:15
Play later
Play later
Lists
Like
Liked
19:15
Soroban Capital Partners LP v. Commissioner examines the tax treatment of income earned by limited partners in a partnership. Central to the case is whether limited partners should be subject to self-employment tax on their distributive shares of income, raising questions about the distinction between active and passive participation. This case has…
…
continue reading
1
EP 05: When Foreign Profits Meet Uncle Sam
16:25
16:25
Play later
Play later
Lists
Like
Liked
16:25
In this episode, we dive into Moore v. United States, a landmark case redefining the taxation of foreign earnings under U.S. law. Explore the IRS’s approach to foreign corporations and unearned profits, with practical insights for entrepreneurs and global investors. Learn how this case impacts international business and gain key takeaways to naviga…
…
continue reading
1
EP04: Crossing Borders: Unlocking Success in the U.S. Market for Foreign Entrepreneurs
17:11
17:11
Play later
Play later
Lists
Like
Liked
17:11
This episode covers key strategies for foreign entrepreneurs expanding into the U.S., including entity formation, tax compliance, operational challenges, and cultural adaptation. Learn how to navigate market positioning, compliance, and available resources to ensure a smooth and successful transition into the U.S. market.…
…
continue reading
In Amundsen v. Commissioner, even an experienced CPA faced disallowed deductions and penalties due to poor documentation of business expenses. This case is a cautionary tale for tax professionals, highlighting the importance of meticulous record-keeping to avoid IRS audits, penalties, and credibility issues. It underscores that no one is exempt fro…
…
continue reading
1
EP 02: When Bad Bookkeeping Becomes a Taxpayer's Nightmare
15:29
15:29
Play later
Play later
Lists
Like
Liked
15:29
In this episode, we explore Sherman v. Commissioner, breaking down the facts, arguments, and key rulings. Learn why proper bookkeeping and accurate records are essential for proving business legitimacy and avoiding IRS disputes. Gain valuable insights into how detailed records can safeguard your business and ensure compliance.…
…
continue reading
Join Samuel Lai, founder of SBS Tax and Consulting Services, in the debut of "Tax Talk & Beyond"—where taxes, business, and entrepreneurship intersect. Samuel breaks down complex tax concepts into actionable advice with real-world stories and expert insights. Learn how tax laws, economic shifts, and smart strategies can fuel your growth. Whether yo…
…
continue reading
