Earn & Invest 568. Confessions of a Former IRS Agent w/ Sherry Peel Jackson
9 snips
Oct 14, 2024 Sherry Peel Jackson, a retired IRS agent and CPA, shares her insider perspective on the U.S. tax system. She reveals surprising truths about the IRS and discusses the inequities faced by small businesses versus larger corporations. Sherry emphasizes the importance of financial literacy and strategic planning for entrepreneurs. She provides practical advice on navigating IRS audits and highlights the significance of meticulous record-keeping. Additionally, she explores her transformation into an author and the fulfilling journey that comes with finding purpose.
AI Snips
Chapters
Transcript
Episode notes
Is the IRS Out to Get Us?
- Sherry Peel Jackson, a former IRS agent, argues the IRS is "out to get us".
- She believes the current tax system is a form of "taxation without representation."
Shifting Perspectives on the IRS
- Sherry Peel Jackson's perspective shifted after leaving the IRS.
- She encountered instances of favoritism towards larger corporations during audits, where deals were made outside of protocol.
Systemic Bias in Taxation
- The tax system's bias towards the wealthy stems from both flawed laws and individuals exploiting them.
- Those with resources can afford better defenses, creating an uneven playing field.