14: An Offer You Can't Refuse: A Look At The Mob Museum
10/12/20 • 37 min
Some of the biggest criminal cases in history involve financial disputes and tax evasion. Kelly introduces her favorite museum, The Mob Museum, in Las Vegas, Nevada. The museum focuses on mob crime history including the St. Valentine's Day Massacre in Chicago involving Al Capone. Capone refused to file a tax return claiming that "They can’t collect legal taxes from illegal money.” The Internal Revenue Service's new crime-fighting division (now, IRS-CI) was ordered to "Get Capone" - and they did. You'll find the story, along with artifacts, in the Mob Museum. The museum also does a great job at showing both sides of criminal cases: the criminal side and the law enforcement side. Tune into this week’s podcast with a special guest host to learn more about what the Mob Museum has to offer and the early days of IRS Criminal Investigations.
The Mob Museum
Geoff Schumacher, the Vice President of the exhibits and programs at The Mob Museum, joins Kelly this week to explore the interesting facts on the history and evolution of the museum. Geoff was a journalist for 25 years at the Las Vegas Sun. In addition, he is a reporter, writer, and editor, and author of two books. Geoff helps to uncover some interesting points on crime history, as well as the background and future endeavors in motion for the Mob Museum.
Listen to Kelly and Geoff Discuss Mob History Museum and more such as:
- How the Museum got started
- The location, build, and background of the Museum
- Commitment to both stories - crime and law enforcement
- Finding and deciding on displayed artifacts
- Museum wish list and future hopes and plans
- Authenticating items
- Choosing exhibits and temporary exhibition spaces
- Post-pandemic Museum addition
- Most popular attractions
- Museum Events
- The Underground and educating employees
- Museum mysteries and layout
- What is next for the museum
More About Kelly Phillips Erb:
Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney who works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.
Links Mentioned:
Kelly’s Website – Taxgirl
Geoff Schumacher - LinkedIn
The Mob Museum - YouTube
The Mob Museum- Instagram
St. Valentine Massacre in Chicago
Sun, Sin & Suburbia – Geoff Schumacher’s book
Some of the biggest criminal cases in history involve financial disputes and tax evasion. Kelly introduces her favorite museum, The Mob Museum, in Las Vegas, Nevada. The museum focuses on mob crime history including the St. Valentine's Day Massacre in Chicago involving Al Capone. Capone refused to file a tax return claiming that "They can’t collect legal taxes from illegal money.” The Internal Revenue Service's new crime-fighting division (now, IRS-CI) was ordered to "Get Capone" - and they did. You'll find the story, along with artifacts, in the Mob Museum. The museum also does a great job at showing both sides of criminal cases: the criminal side and the law enforcement side. Tune into this week’s podcast with a special guest host to learn more about what the Mob Museum has to offer and the early days of IRS Criminal Investigations.
The Mob Museum
Geoff Schumacher, the Vice President of the exhibits and programs at The Mob Museum, joins Kelly this week to explore the interesting facts on the history and evolution of the museum. Geoff was a journalist for 25 years at the Las Vegas Sun. In addition, he is a reporter, writer, and editor, and author of two books. Geoff helps to uncover some interesting points on crime history, as well as the background and future endeavors in motion for the Mob Museum.
Listen to Kelly and Geoff Discuss Mob History Museum and more such as:
- How the Museum got started
- The location, build, and background of the Museum
- Commitment to both stories - crime and law enforcement
- Finding and deciding on displayed artifacts
- Museum wish list and future hopes and plans
- Authenticating items
- Choosing exhibits and temporary exhibition spaces
- Post-pandemic Museum addition
- Most popular attractions
- Museum Events
- The Underground and educating employees
- Museum mysteries and layout
- What is next for the museum
More About Kelly Phillips Erb:
Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney who works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.
Links Mentioned:
Kelly’s Website – Taxgirl
Geoff Schumacher - LinkedIn
The Mob Museum - YouTube
The Mob Museum- Instagram
St. Valentine Massacre in Chicago
Sun, Sin & Suburbia – Geoff Schumacher’s book
Previous Episode
13: What You Need To Know About Cryptocurrency & Tax
Cryptocurrency is a digital or virtual currency. Essentially, it was created to offer a system to enable peer to peer payments without the need of a third party, offering security and a measure of anonymity. For federal income tax purposes, it's treated as a capital asset. And what you don't know could hurt you since recently the IRS has made it a priority to keep up with cryptocurrency transactions. Kelly invites David Kemmerer to help guide taxpayers who are using or may be interested in using cryptocurrency.
Staying Up to Date on Cryptocurrency Regulations
David Kemmerer is the co-founder and CEO of Crypto Trader.Tax, the leading cryptocurrency software. David helps to explain the foundation of cryptocurrency, and where it is headed. David also shares the new and upcoming involvement that the IRS has in store and how to properly track and manage your cryptocurrency to avoid dilemmas. Not only does David inform taxpayers of what is coming, he also discloses the benefits, values, and stigma concerns behind cryptocurrencies. If you are currently a user of cryptocurrency or just have interest, this podcast will give you what you need to know about cryptocurrency and tax.
Listen to Kelly and David Discuss Cryptocurrency and more such as:
- What is Cryptocurrency and how it is used?
- Where does Crypto get its value?
- Capital Gain transactions with your taxes through Cryptocurrency
- IRS Involvement, views and how to handle your taxes
- What to be aware of when utilizing Cryptocurrency
- Coinbase Confusion
- How the IRS can detect if you do, or do not comply
- 1099 reports being implemented
- Exchange level and blockchain enablement tools
- Why the IRS has their eyes on Cryptocurrency and the stigma behind it
- How the benefits outweigh the cons of Cryptocurrency
- How to Buy and manage Bitcoin or Cryptocurrency
- How to keep track of your exchanges
- Does the IRS involvement take away from Cryptocurrency purposes?
More About Kelly Phillips Erb:
Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney with considerable experience and knowledge. She works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.
Links Mentioned:
Kelly’s Website – Taxgirl
David Kemmerer – LinkedIn
David’s Company – CryptoTrader.Tax
David’s Email- [email protected]
Next Episode
15: Bookkeeping Is More Than Just Numbers
Episode 15 - Bookkeeping Is More Than Just Numbers: Understanding Why It Matters
Bookkeeping is an important factor of properly running a business. Many people tend to think that bookkeeping and accounting are one and the same. However, they can be very different. Bookkeeping is the recording of all financial transactions within a business. Kelly invites Nicole Davis to cover everything you need to know on how to properly take care of your business’s books. Whether you are wondering how to keep up with your own bookkeeping, looking to hire someone, or have any general questions about the bookkeeping process, this week’s episode will be key in helping grow your business!
The 101 on Bookkeeping Your Business
Nicole Davis is the Founder and Principal of Butler Davis Tax and Accounting LLC. Nicole has over a decade of experience under her belt. She specializes in accounting, tax financial management, tax advisory, tax strategy, small business accounts, mortgage loans, dealership act and financial planning. Nicole obtained her master’s in business administration, is a member of the AICPA and a CPA. Nicole helps to answer many bookkeeping concerns such as, seeking assistance, legality concerns, where to start, hiring someone and what to look for or expect in a bookkeeper.
Listen to Kelly and Nicole Discuss Bookkeeping and more such as:
- What is Bookkeeping, how is it different from accounting?
- Can you do it yourself? If you can, what you need to know
- Keeping up with your Bookkeeper
- Importance of Monthly Reconciliations
- The Musts When Seeking a Bookkeeper
- How Bookkeeping Differs from Field to Field
- Trust, but Verify!
- What Bookkeepers Need
- Paycheck Protection Program (PPP) and Bookkeeping
- How Bookkeeping can Further your Business
- Clean it Up Process and Seeking Help
- Trust on if You Save or Spend more Doing it Yourself
- The Three Must Ask Questions
- The Owner’s Role and Meetings
- Next Step to Take if You Mis book Your Bookkeeping
- The Ideal Client
- Finding a Bookkeeper
More About Kelly Phillips Erb:
Kelly is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney with considerable experience and knowledge. She works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.
Links Mentioned:
Kelly’s Website – Taxgirl
Nicole Butler- LinkedIn
Butler-Davis Tax & Accounting LLC
Butler Davis- Facebook
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