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Author: CountingWorks PRO Marketing Team

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Welcome to DeepDive, the podcast where artificial intelligence and industry-leading expertise come together to take you deep into strategies for success in the tax and accounting industry. Each episode dives into important issues and trends, sharing insights about real tax and accounting pros, along with the latest from our CountingWorks Pro blog—all powered by AI for a listening experience you have to hear to believe. 

Whether you’re looking to stay on top of industry news or just want to make sense of complex topics, DeepDive is here to keep you on the cutting edge.

73 Episodes
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Using the married joint filing status can sometimes lead to complications, especially when one spouse has outstanding debts or when there are discrepancies in reported income. The IRS provides two forms of relief to address these issues: Injured Spouse Tax Relief and Innocent Spouse Relief.
Discover best practices for defending your small business against rising cyber threats and protecting your financial longevity. Learn how to secure your digital assets—contact our firm today.
A beneficiary who inherits the residence of a decedent generally acquires it with a basis equal to the fair market value at the decedent’s date of death, and since it is inherited property, it is treated as held for long-term.
Discover innovative tax planning and personal finance strategies designed for millennials. Learn how to maximize digital deductions, diversify income, and secure your financial future. Contact our firm today.
Struggling with cash flow during tax season? Discover expert strategies to balance operating expenses with tax obligations and safeguard your business against economic uncertainty. Contact our firm today for tailored advice.
If a debt of a taxpayer is cancelled after the death of the taxpayer, the cancellation of debt (COD) income is income to the estate or the non-grantor trust of the decedent and reportable as income on the 1041 return for the estate or non-grantor trust (Reg. 1.108-9(c)(2)) to the extent the estate or non-grantor trust is solvent.
Learn helpful financial strategies for maximizing your Roth IRA contributions as you plan a financially stable and secure future.
An Offer in Compromise (OIC) is a program offered by the Internal Revenue Service (IRS) that allows taxpayers to settle their tax debts for less than the full amount owed. The purpose of an OIC is to provide a path for financially distressed taxpayers to resolve their tax liabilities in a manner that is fair and equitable for both the taxpayer and the government.
The Child and Dependent Care Credit is a valuable tax benefit designed to assist working parents and caregivers in managing the costs associated with caring for their dependents. This credit can significantly reduce the financial burden of childcare and dependent care, making it easier for taxpayers to maintain employment or actively seek work.
The Internal Revenue Code (IRC) provides a valuable employer incentive which offers a tax credit for employer contributions to new retirement plans.
Learn how zero-based budgeting helps small businesses uncover hidden waste, justify every expense, and channel savings into meaningful growth.
Charitable donations of used vehicles including cars, boats, and airplanes, stand out due to the specific rules governing their contributions.
Choosing the correct income tax filing status is crucial for minimizing your tax liability and maximizing your potential refunds. Understanding the nuances of each status, including many special situations, can help you make informed decisions.
Ready to sell the family home? Discover capital gains exclusions, deduction hacks, and smart reinvestment strategies to keep more money for your golden years.
Scholarships and grants are essential for many student-athletes, providing financial support for tuition, fees, and other educational expenses, plus some student-athletes are now receiving NIL income. The tax treatment of these types of income can vary.
As more states impose EV fees to offset lost gas tax revenue, critics argue it's unfair. Explore the debate, state policies, and what this means for drivers.
The UK’s non-dom tax changes have sparked a millionaire exodus. Will adjustments save London’s status as a financial hub, or is the damage already done?
Community property laws can significantly impact how taxes are calculated and filed for married couples in certain states. These laws dictate how income and assets are divided between spouses, which can have significant tax implications.
Discover which states impose estate or inheritance taxes in 2025—and how these laws could impact your retirement and legacy planning. Get expert guidance to protect your estate and loved ones from costly surprises.
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