Society & Culture

Tackling Taxes

podcast April 2, 2024

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In this episode, Judy and Dr. Sophia Grant interview Kathy Shirley, a CPA, about tax planning and preparation. They discuss the importance of gathering tax documents, planning throughout the year, and reporting income and expenses accurately. Kathy emphasizes the need for ongoing communication with a CPA to ensure proper tax planning. They also cover topics such as filling out the W-4 form, the benefits of using a CPA versus tax software, and the importance of keeping receipts and tax documents. Kathy provides insights into tax implications for life events, deductions, and tax breaks, including retirement contributions. In this conversation, Kathy Shirley, a certified public accountant, discusses various tax topics with Judy and Sophia. They cover tax brackets and how they change in retirement, the impact of moving to another state on taxes, deducting mortgage interest, IRS line items and tax policies, treating side hustles as a business, retirement account withdrawals and loans, dealing with tax bills, and more. They also emphasize the importance of filing taxes, making payment plans, and staying in communication with the IRS. Overall, the conversation provides valuable insights into navigating the complexities of taxes.Kathy's LinkedIn –

Hosted by Judy and Sophia Grant.
Producer Nikita Belomestnykh

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