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Internal Revenue Service

also referred to as: irs

7 statements across 6 episodes · 2 bullish · 0 bearish · 6 people on the record · first statement Mar 29, 2016 by Scott Hansbury · said 26 times in 16 episodes since 2016 · across every show →

Mentions by year

brought up most by Tyler Tringas (4), Nick Gray (3), Heather Ann Havenwood (3), Ryan Stewman (2), Nathan Latka (2), Jonathan Fishbeck (2), Scott Hansbury (1), Mitch Russo (1)

tap a year for its mentions
00831562016201720182019202020212022episodesmentions
0362016201720182019202020212022episodes it came up in
0023462016201720182019202020212022episodesmentions per episode
2022 3 mentions in 2 episodes 2 per episode
2021 1 mention in 1 episode
2020 4 mentions in 1 episode
2019 1 mention in 1 episode
2018 1 mention in 1 episode
2017 4 mentions in 4 episodes 1 per episode
2016 12 mentions in 6 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Internal Revenue Service, oldest first

Mar 29, 2016 positive
Assertion Contradicted
YouStake Structures Poker Staking Legalities as Income Share Agreements
“Oh yeah, absolutely. It's what's called a person to person sponsorship or a income share agreement is, is really what the legal term is. There's actually IRS forms that you fill in when you do your taxes for it. So it's all been approved.”
Scott Hansbury Mar 29, 2016 ▶ 8:20 How to Bet On Poker Players and Make Money with Scott Hansbury of YouStake EP 206
Jun 21, 2016
Assertion Not checkable as stated
Ruhlin: Accountant and right-hand employee stole during 2008 IRS audit
“When everything came crashing down, I went to an IRS audit. I had an employee that was stealing from me. That was my accountant and a right hand person.”
John Ruhlin Jun 21, 2016 ▶ 10:26 He's Sold The Most CutCo Knives Ever, EP 308: John Ruhlin
Oct 9, 2016
Assertion Not checkable as stated
Stewman: Hardcore Closer reported $803k in gross sales for 2015
“Total gross sales in 2015 to the IRS was like 803,000 dollars.”
Ryan Stewman Oct 9, 2016 ▶ 8:11 EP 442: $803k In 2015 Revenue from The Hardcore Closer, Ryan Stewman
Oct 9, 2016
Assertion Not checkable as stated
Stewman: Hardcore Closer generated $96k gross and a $30k loss in 2012
“The gross sales was like 96,000 dollars, but you know, you, I took a loss of like 30 grand with the IRS or whatever”
Ryan Stewman Oct 9, 2016 ▶ 7:19 EP 442: $803k In 2015 Revenue from The Hardcore Closer, Ryan Stewman
Oct 27, 2017
Insight
Crater: Founders should never incorporate on December 31st due to IRS filings
“So this is my advice to entrepreneurs, is never start a company on December 31st, 2010, because the IRS will want a tax return for that one day that nothing happened.”
Bonnie Crater Oct 27, 2017 ▶ 3:08 825: SaaS: 4 Founders, 150 Customers Paying $30k for Pipeline and Revenue Management
Jul 8, 2020 bullish
Prediction Open · timeframe Jul 2025
Tringas: Shared earnings instruments will eventually qualify for capital gains treatment
“And so we do believe that, you know, over time this will continue to be categorized more and more as equity risk, which the tax code tends to reward with capital gains treatment.”
Tyler Tringas Jul 8, 2020 ▶ 1:26:58 Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing
Oct 30, 2022
Assertion Not checkable as stated
EstateSpace converted $4.3M in family debt into 8.5% equity tax-free
“We converted 4.3 million dollars of debt into eight and a half percent equity. Because Ron is my father and I'm his son the IRS saw that this could have just been simply a contribution.”
Jonathan Fishbeck Oct 30, 2022 ▶ 9:32 How we bootstrapped to $1m in ARR using services, now high multiple SaaS
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