5-3-2023 – Is the IRS Really Hiring 'An Army' of Auditors?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 May 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
The IRS hired 5,000 phone assistants in advance of this year’s filing season and has further plans to update its technology.
Today's Stocks & Topics: Small Banks, Salaries, RIO - Rio Tinto PLC ADR, Gold & Silver, Credit Ratings, Investing Signs, MTB - M&T Bank Corp., XHB - SPDR S&P Homebuilders ETF, ASH - Ashland Inc., GLPI - Gaming & Leisure Properties Inc.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.6 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:35.7 | Good afternoon everybody, welcome to Invest Talk. |
| 0:40.0 | It is Wednesday, May 3rd, 2023. |
| 0:44.8 | And you know the stock market is vastly different, it has been. |
| 0:47.2 | We are still in a bear market. |
| 0:48.8 | We have been in a bear market all of last year, started anyways in January of last year. |
| 0:54.6 | And here we are in to May of the next year. |
| 0:57.4 | So we are approaching about a year and a half of a bear market. |
| 1:02.6 | And I would tell you this, most bear markets don't last this long. |
| 1:07.3 | They can be up to three years, it would not be a normal abnormal to be up to three years. |
| 1:12.1 | But it is a little bit different. |
| 1:13.9 | It is not usually about a year of a bear market and then you have a recovery, maybe a year |
| 1:19.0 | and a half and that is what we are approaching. |
| 1:21.6 | So I think we are getting closer to the finish than most people believe. |
| 1:26.4 | Most people believe it was going to last longer, we are going to go into a recession. |
| 1:30.6 | Well I think we might go into a recession too, I do. |
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