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The Financial Flipside Podcast, Episode 18: Looking Back: A Tax Season Wrap-UP

May 6, 2019 by Heyward CPA

A woman with shoulder length curly hair and glasses sits in front of her laptop. She holds a phone in her right hand. She is wearing a cream-colored blazer with a green shirt underneath. Her facial expression is suprised--raised eyebrows and a slightly open mouth. She points gestures toward herself with her left hand.
Photo by rawpixel.com from Pexels

The first tax season after the passage of the Tax Cuts and Jobs Act was full of surprises. When the IRS published its weekly filing statistics during the last week of tax season , the numbers confirmed what many taxpayers were shocked to see when they finished their returns: namely, that tax refunds were both smaller and a bit harder to come by. The number of refunds decreased by 1.9%, while their size decreased by 1.3% (or about $36–this is a correction from the $55 reported on the show). In this episode we talk about what happened and why, our national love affair with tax refunds, corporate tax avoidance, and why the IRS isn’t pursuing as many investigations despite new data that reveals that more people are cheating on their taxes.

A show outline and links can be found below the cut.

[Read more…] about The Financial Flipside Podcast, Episode 18: Looking Back: A Tax Season Wrap-UP

Filed Under: podcast Tagged With: money, Tax Cuts and Jobs Act, tax season 2019, taxes

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