Trustworthy Tax Advice w/ Jasmine DeLucci #965

How to Money

iHeartPodcasts

Business, Investing, Education

4.5 • 3.1K Ratings

🗓️ 2 April 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Imagine a scenario where you purchase pretty much whatever you want at the grocery store, you frequently go out to eat, and on top of that you always buy drinks for friends- no questions asked. That’s about what it would take to get food spending up to around 15% of average household income… but that sounds a bit insane! Most folks shop for sales, attempt to eat their leftovers, and on special occasions cover the check. But that spendthrift approach is exactly how a lot of Americans pay their taxes- they just pay what they think they’re supposed to. And on average most folks pay a little under 15%, they assume that’s just the way it is, but we think there’s a more strategic way to approach this inevitable expense. And here to talk about doing that well is Jasmine DeLucci- tax attorney, CPA, and enrolled agent. Jasmine has a wealth of knowledge around the US tax code and started posting online because she believes tax law should be available to everyone. Listen as we discuss the important role IRS transcripts play, vetting tax preparers, business expenses, tax-advantage ways to pass wealth onto future generations, and much more!

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Transcript

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0:00.0	In a world of economic uncertainty and workplace transformation, learn to lead by example from visionary C-suite executives like Shannon Schuyler of PWC and Will Pearson of IHeartMedia.
0:12.9	The good teacher explains, the great teacher inspires.
0:17.1	Don't always leave your team to do the work. That's been the most important part of how to lead by example.
0:24.6	Listen to leading by example.
0:26.9	Executives making an impact on the IHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
0:35.7	Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley Season 1.
0:43.1	Every time I hear about my dad is, oh, he's a killer. He's just straight evil.
0:47.7	I was becoming the bridge between Jeremy Scott and the son he'd never known.
0:52.5	At the end of the day, I'm literally a son of a killer.
0:55.2	Listen to new episodes of Bone Valley Season 2 starting April 9th on the I Heart Radio app, Apple Podcasts, or wherever you get your podcasts.
1:04.6	Welcome to How to Money.
1:06.0	I'm Joel.
1:06.5	I'm Matt.
1:07.3	And today we're talking trustworthy tax advice with Jasmine Delucci.
1:36.1	Yeah, so imagine a scenario where you purchase pretty much whatever you want at the grocery store, right? So you frequently go out to eat. And then on top of that, you always buy drinks for your friends, like no question is asked anytime you go out.
1:42.5	Like, that's about what it would take to get food spending up to around 15% of your average household income. But if you ask me,
1:50.0	like, that sounds insane. It's not how I shop at the grocery store, at least, but it is how a lot
1:55.2	of Americans think about their tax situation. It's, they almost accept it as like this foregone
1:59.6	conclusion. On average, most
2:01.7	folks pay a little under 15%. They assume that's just the way it is, but we think there is a more
2:06.0	strategic way to approach this inevitable expense. And here to talk about doing that well is
2:12.2	Jasmine Delucci. She's a tax attorney, a CPA, and an enrolled agent.
	...

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