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Tax in Action: Practical Strategies for Tax Pros

Tax in Action: Practical Strategies for Tax Pros

By: Jeremy Wells EA CPA
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About this listen

 Join Jeremy Wells, EA, CPA, as he breaks down the complexities of tax law into practical guidance you can apply immediately. Each episode focuses on a specific tax strategy, credit, or compliance issue that matters to tax professionals and business owners. Rather than theoretical discussions, Jeremy delivers actionable insights based on real-world scenarios and current tax regulations. Whether you're navigating Section 1031 exchanges, maximizing research credits, or helping clients with energy tax incentives, this podcast provides the technical details and strategic considerations you need to confidently serve your clients. Perfect for tax practitioners looking to deepen their expertise and business owners wanting to make more informed tax decisions.© 2026 Jeremy Wells, EA, CPA Economics
Episodes
  • Section 199A: Simple Below the Threshold… Complicated Above It

    Section 199A: Simple Below the Threshold… Complicated Above It
    Apr 15 2026

    The Section 199A qualified business income deduction can put serious tax savings on the table for small business owners — but only if you understand how it actually works. Jeremy walks through who qualifies, how taxable income thresholds and specified service trade or business rules affect the deduction, and how wage and property limitations come into play for higher earners. He also covers the new $400 minimum QBI deduction introduced by the One Big Beautiful Bill Act, effective for tax year 2026.

    • (00:00) - Why QBI Exists
    • (02:22) - Episode Roadmap
    • (03:16) - Qualified Trade or Business
    • (05:21) - Base Deduction Basics
    • (06:23) - New 2026 Minimum Deduction
    • (07:50) - Defining Qualified Business Income
    • (11:23) - What Income Is Excluded
    • (16:46) - Taxable Income Thresholds
    • (20:30) - Wage and Property Limits
    • (24:22) - Planning With S Corp Wages
    • (28:44) - Wage Limit Court Case
    • (31:48) - Worked Example Jessica
    • (34:16) - Aggregation Election Rules
    • (36:03) - Specified Service Businesses
    • (41:01) - SSTB Phaseout Example
    • (43:27) - De Minimis and Anti Abuse
    • (46:32) - Rental Real Estate Safe Harbor
    • (52:16) - Key Takeaways and Wrap Up

    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
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    56 mins
  • Worker Classification, Part 2: Statutory Workers and Misclassification Relie

    Worker Classification, Part 2: Statutory Workers and Misclassification Relie
    Apr 1 2026

    Part two of worker classification moves beyond the common law control test to cover the specific worker categories defined in the tax code — statutory employees, statutory non-employees, and the rare but real dual-status worker. Jeremy also walks through the relief options available to both employers and workers when a classification goes wrong, including Section 3509, Section 530, and Form SS-8.


    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
    Show More Show Less
    56 mins
  • Employee or Independent Contractor? How the IRS Actually Decides

    Employee or Independent Contractor? How the IRS Actually Decides
    Mar 18 2026

    Worker classification has never been more complicated—and the stakes for getting it wrong fall on both employers and workers. Jeremy breaks down how federal tax law defines "employee" using the common law control standard, walking through the three categories of evidence the IRS uses to evaluate any working relationship. This is part one of a two-part series on worker classification and misclassification.

    Connect with Jeremy
    https://www.linkedin.com/in/jwellstax
    https://www.steadfastbookkeeping.com

    Subscribe on YouTube
    https://www.youtube.com/@TaxinAction

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media
    Show More Show Less
    57 mins
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