The Tax Roundtable

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The Tax Roundtable is a podcast designed for individuals and businesses seeking clarity on complex tax issues. Hosted by Sean O'Connor, the show features expert guests like Lee Wilson, who provide insights into tax law, IRS procedures, and effective strategies for managing tax controversies. With a focus on practical advice and real-world examples, the podcast aims to empower listeners to navigate the often daunting world of taxes with confidence. Whether you're facing an audit or looking to optimize your tax planning, The Tax Roundtable offers valuable guidance in an accessible and engaging format.

Episodes

  1. Aug 27

    Offshore Accounts, FBARs, and International Reporting Requirements

    Episode Summary:  In this episode of The Tax Roundtable, host Sean O'Connor sits down with Lee Wilson, managing attorney at the Wilson Firm, to discuss the intricacies of offshore accounts and FBAR (Foreign Bank Account Report) requirements. Lee, a board-certified tax law expert, explains what qualifies as an offshore account and the reporting obligations for U.S. taxpayers.  They delve into common scenarios where individuals might unknowingly fail to report such accounts, especially in international hubs like Houston. Lee outlines the severe penalties for non-compliance and shares strategies for rectifying unreported accounts through programs like the voluntary disclosure and streamlined procedures. This episode is essential for anyone navigating international finances, providing clarity on compliance and potential pitfalls, ultimately helping listeners avoid costly mistakes. Key Timestamps: 00:01 – Introduction 00:08 – Understanding Offshore Accounts 00:56 – Reporting Requirements for U.S. Taxpayers 02:36 – Filing Deadlines and Procedures 03:11 – Common Scenarios of Non-Compliance 04:27 – Penalties for Non-Compliance 05:41 – Dealing with Unreported Income 06:22 – Options for Compliance 07:26 – Voluntary Disclosure Program 08:07 – Streamlined Procedures Explained 09:04 – Real-Life Client Example 11:02 – Misconceptions About Offshore Accounts 12:15 – Importance of Understanding U.S. Tax Jurisdiction 13:32 – Advice for New U.S. Residents About the Show:  The Tax Roundtable is a podcast dedicated to unraveling the complexities of tax law for individuals and businesses. Hosted by Sean O'Connor, the show features in-depth discussions with legal experts, offering insights into tax controversies, planning, and compliance.  With a focus on clarity and practical advice, the series aims to empower listeners to navigate the often daunting world of tax regulations. Whether you're a business owner, a tax professional, or simply interested in understanding tax issues better, The Tax Roundtable provides valuable knowledge and strategies to help you stay informed and compliant. Visit the website below to learn more: https://thewilsonfirmpllc.com/

    Offshore Accounts, FBARs, and International Reporting Requirements

  2. Aug 13

    IRS Audit: What Happens and What Mistakes Should I Avoid?

    Episode Summary:  In this inaugural episode of The Tax Roundtable, host Sean O'Connor is joined by Lee Wilson, managing attorney at the Wilson Firm, to demystify the process of IRS audits. Lee, a board-certified tax law expert, shares insights from his extensive experience in tax controversies. The discussion covers common triggers for audits, such as discrepancies in reported income, and the role of AI in selecting cases. Lee explains the different types of audits, including correspondence and field audits, and stresses the importance of consulting a professional before engaging with the IRS. He shares a compelling case where his intervention saved a client over a million dollars, highlighting the potential impact of expert guidance. Listeners will gain valuable knowledge on how to handle an audit notice and the critical steps to take to protect their interests. Key Timestamps: 00:01 – Introduction 00:08 – Meet Lee Wilson, Tax Law Expert 00:25 – Overview of IRS Audits 01:52 – Lee's Journey into Tax Law 02:28 – Common Audit Triggers 03:45 – IRS Data Book Insights 05:17 – What to Expect After an Audit Notice 06:37 – Initial Audit Process 07:43 – Common Mistakes During Audits 09:35 – Types of IRS Audits Explained 11:22 – Understanding IRS Notices 12:37 – Case Study: Saving a Client's Business 15:19 – The Human Element in Audits 16:17 – Key Takeaways for Taxpayers About the Show:  The Tax Roundtable is a podcast designed for individuals and businesses seeking clarity on complex tax issues. Hosted by Sean O'Connor, the show features expert guests like Lee Wilson, who provide insights into tax law, IRS procedures, and effective strategies for managing tax controversies. With a focus on practical advice and real-world examples, the podcast aims to empower listeners to navigate the often daunting world of taxes with confidence. Whether you're facing an audit or looking to optimize your tax planning, The Tax Roundtable offers valuable guidance in an accessible and engaging format.

    IRS Audit: What Happens and What Mistakes Should I Avoid?
  • 2 Episodes

About

The Tax Roundtable is a podcast designed for individuals and businesses seeking clarity on complex tax issues. Hosted by Sean O'Connor, the show features expert guests like Lee Wilson, who provide insights into tax law, IRS procedures, and effective strategies for managing tax controversies. With a focus on practical advice and real-world examples, the podcast aims to empower listeners to navigate the often daunting world of taxes with confidence. Whether you're facing an audit or looking to optimize your tax planning, The Tax Roundtable offers valuable guidance in an accessible and engaging format.

Information

  • Creator
    thetaxroundtable
  • Years Active
    2026
  • Episodes
    2
  • Rating
    Clean
  • Copyright
    © Copyright 2026 All rights reserved.
  • Show Website
    The Tax Roundtable