Will Tariffs lead to MORE Inflation? Jobs Bounce Back, what you need to know about taxes & Bitcoin

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how Tariffs are a tax on imported goods, the cost of which Also, After a weak October, the US jobs market data bounced back in November calming fears that the economy was slowing, and the job market was weakening. Instead, the narrative appears to be that hurricane Helene and the Boeing strike distorted the October jobs report making it an anomaly. Sales of digital assets, such as Bitcoin, are subject to the same capital gains rules as other assets. However, the reporting of these gains can be much more difficult as there are generally no capital gain and loss reports issued to Bitcoin owners. However, this income must be reported correctly as it is an area of emphasis for the IRS and can result in serious penalties, including the possibility of jail time if it is omitted from an income tax return. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - As a reminder, financial planners are not allowed to conduct business with mediums of communication that cannot be efficiently captured and archived. This most typically applies to text messages sent to a planner’s personal phone. This has been an area of emphasis for the Securities and Exchange Commission (SEC), which has levied fines from $250,000 to millions against financial firms whose employees have answered text messages from clients. We agree that this seems excessive given that text messages are a common form of communication, but often government regulations do not keep up with societal changes. As a result, it is important that clients not send text messages to any Planned Solutions employees unless it is of a personal nature and does not reference any business issues. Due to the high risk of large fines, Planned Solutions employees may not be able to respond to client text messages or instructions which could lead to a poor client service outcome. The best way to contact us remains to be by e-mail or telephone. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠ ⁠ ⁠⁠⁠⁠⁠⁠⁠ ⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Tariffs and Inflation 01:17 Jobs Bounce Back in November 12:43 IRS and Bitcoin Income 16:46 Bulletin Board 22:15 Planned Solutions, Inc.