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Internal Revenue Service

also referred to as: irs

5 statements across 3 episodes · 1 bullish · 1 bearish · 3 people on the record · first statement Dec 29, 2022 by Shaan Puri · said 26 times in 9 episodes since 2021 · across every show →

Mentions by year

brought up most by Shaan Puri (11), Sam Parr (7), Ankur Nagpal (5), Nick Bilton (1), Ben Horowitz (1), Andrew Wilkinson (1)

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2026 3 mentions in 1 episode
2025 4 mentions in 3 episodes 1 per episode
2024 11 mentions in 1 episode
2023 3 mentions in 2 episodes 2 per episode
2022 4 mentions in 1 episode
2021 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Internal Revenue Service, oldest first

Dec 29, 2022 bearish
Prediction Not checkable as stated
Shaan Puri: There will be a massive surge in IRS tax audits
“I think they hired 80,000 87,000 new hires. And so I think there's gonna be a shitload of audits, which is why I wanted to be like super buttoned up with everything.”
Shaan Puri Dec 29, 2022 ▶ 1:39:37 The 2022 Milly Awards (#401)
Nov 24, 2023 positive
Assertion Supported
Parr: QSBS tax rule excludes up to $10M in capital gains
“So you hold a small business stock, so a privately held company, that's a C Corp, and you have to hold it for 10 or five years, and it has to be valued originally, or the assets of the company, which is the value, has to be fifty million or less. You hold it f…”
Sam Parr Nov 24, 2023 ▶ 3:19 My $100M Mistake + 6 Company Exit F**k Ups To Avoid (#522)
Jan 17, 2024
Assertion Supported
Parr: IRS classifies credit card cash back as a rebate
“And according to the IRS, a cash cash back from a credit card is considered a rebate.”
Sam Parr Jan 17, 2024 ▶ 27:13 $250M Founder Reveals How The Rich Avoid Taxes (Legally) | ft. Ankur Nagpal
Jan 17, 2024 neutral
Assertion Supported
Nagpal: Putting loan forgiveness terms in writing triggers tax as ordinary income
“If they were to write it down, it's taxed to you as income. So that's why they can't write it down, right?”
Ankur Nagpal Jan 17, 2024 ▶ 17:12 $250M Founder Reveals How The Rich Avoid Taxes (Legally) | ft. Ankur Nagpal
Jan 17, 2024
Assertion Supported
Nagpal: Skipping Section 83(b) election creates tax liabilities on rising valuations
“So very technically what the document means is it says I am, like, tax me on what the value is today. I'm choosing to be taxed up front. But if not for signing this, any time your company grows in valuation, you could theoretically be liable for taxes.”
Ankur Nagpal Jan 17, 2024 ▶ 15:34 $250M Founder Reveals How The Rich Avoid Taxes (Legally) | ft. Ankur Nagpal
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