About Tax in Action: Practical Strategies for Tax Pros
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.
Sponsors
Thomson Reuters - http://taxshow.promo/taxautomation (http://taxshow.promo/taxautomation)
Connect with Jeremy
https://www.linkedin.com/in/jwellstax (https://www.linkedin.com/in/jwellstax)
https://www.steadfastbookkeeping.com (https://www.steadfastbookkeeping.com/)
Subscribe on YouTube
https://www.youtube.com/@TaxinAction (https://www.youtube.com/@TaxinAction)
Earn CPE for Listening to This Podcast
https://www.earmark.app/ (https://www.earmark.app/)
This podcast is a production of Earmark Media (http://earmark.me/)
16 Sept 2026
The Qualified Overtime Deduction, Fact vs. Fiction
Jeremy unpacks the "no tax on overtime" deduction created by the One Big Beautiful Bill Act, explaining why the name is misleading since qualified overtime compensation is still taxable income subject to withholding, FICA, and (in most states) state tax. He walks through how to isolate the FLSA overtime premium from gross overtime pay, calculate the deduction on the new Schedule 1A, and apply the filing status caps and MAGI phaseouts through real client examples. He also flags the reporting changes coming in 2026, when employers must correctly report the amounts on Form W-2, Box 12, Code TT, and the relaxed 2025 transition rules disappear.
Sponsors
Thomson Reuters - http://taxshow.promo/taxautomation (http://taxshow.promo/taxautomation)
(00:00) - No Tax On Overtime Intro
(01:44) - What You Will Learn
(03:11) - Where It Lives In The Code
(07:27) - Deduction Not An Exclusion
(09:25) - Caps Phaseouts And MAGI
(13:09) - Defining Qualified Overtime
(16:20) - Workweek Rules Under FLSA
(26:30) - Exemptions And Who Qualifies
(30:23) - SSN And Filing Status Limits
(33:40) - 2025 Transition Relief
(36:29) - 2026 Reporting Box 12 TT
(41:22) - Examples And Calculations
(51:37) - Schedule 1A Walkthrough
(52:39) - Key Takeaways And Wrap Up
Connect with Jeremy
https://www.linkedin.com/in/jwellstax (https://www.linkedin.com/in/jwellstax)
https://www.steadfastbookkeeping.com (https://www.steadfastbookkeeping.com/)
Subscribe on YouTube
https://www.youtube.com/@TaxinAction (https://www.youtube.com/@TaxinAction)
Earn CPE for Listening to This Podcast
https://www.earmark.app/ (https://www.earmark.app/)
This podcast is a production of Earmark Media (http://earmark.me/)
2 Sept 2026
Beyond 7216: The FTC Safeguards Rule, SOC 2, and Your Firm's WISP
In part two of his series on protecting taxpayer information, Jeremy shifts from who can see client data to how firms actually have to secure it. He walks through the Gramm-Leach-Bliley Act, the FTC Safeguards Rule, and what a written information security plan needs to cover, then explains how SOC 2 reports help firms vet software vendors. He closes with the IRS Office of Professional Responsibility's new AI guidance under Circular 230, and what it means to treat AI like a junior staff member rather than an unsupervised practitioner.
Sponsors
Thomson Reuters - http://taxshow.promo/taxautomation (http://taxshow.promo/taxautomation)
Connect with Jeremy
https://www.linkedin.com/in/jwellstax (https://www.linkedin.com/in/jwellstax)
https://www.steadfastbookkeeping.com (https://www.steadfastbookkeeping.com/)
Subscribe on YouTube
https://www.youtube.com/@TaxinAction (https://www.youtube.com/@TaxinAction)
Earn CPE for Listening to This Podcast
https://www.earmark.app/ (https://www.earmark.app/)
This podcast is a production of Earmark Media (http://earmark.me/)
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
YouTube views
897
Score snapshot 15 Sept 2025
Apple Podcasts (US)
4.9 / 5
18 ratings
Spotify
5.0 / 5
12 ratings
Podcast Authority Score: 30 / 100
A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.
Quality
21
Social presence
0
YouTube
66
Engagement
32
Host of Tax in Action: Practical Strategies for Tax Pros?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
