The Biggest Check You Can Write to The IRS

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.

  • (00:40) - What's the largest check you can write to the IRS?
  • (05:38) - Jeff Bezos could be saving $600 million from moving to Florida
  • (14:44) - Why movie studios are throwing out projects for tax breaks
  • (21:03) - Keenan Thompson's accountant stole $1.5 million from him
  • (26:27) - How much of relationship problems are finance-related?
  • (31:38) - California plans to use AI to help answer people's tax questions
  • (35:51) - PwC UK boss says AI is why workers should be in the office
  • (40:45) - Silicon Valley Bank collapse follow-up and why it could happen again
  • (51:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast

Show Notes

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The Biggest Check You Can Write to The IRS
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