Episode 18 - Roots v. Commissioner

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Recorded06 Jun 2025

Publisherfeed.podbean.com ↗

Handlerec:19016414

Show notes

$3 million for a lodge that has bats and mice living in the walls. Another $4 million to sue the builder and architect who built it all. And all the taxpayer gets in the end is lost deductions and a 20% penalty which could have been avoided. Today is all about classifying streams of income - passive, active, or capital - and how that can seriously change your tax owed. Enjoy.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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