Discussion about reducing taxable amount by paying charitable donations if someone owes money in taxes.
The hosts talk about missed deadlines and one of them shares a phrase they picked up from their conversation about a tax account.
The IRS is implementing an $80 billion makeover to improve customer service and target tax cheats who make over $400,000 a year and have complicated returns. The IRS plans to hire more auditors and lawyers to enforce tax regulations and ensure wealthy people pay their taxes.
The speaker highlights the multiple taxes individuals face throughout their financial transactions and how to reduce taxes using rules to control spending and investments.
