Apr 5, 2024
In this episode we discuss:
- The Tax Cuts and Jobs Act of 2017 is expiring.
- An extension of time to file is NOT an extension of time to pay.
- Congress is currently on its 2-week Spring recess, so no voting will be done regarding the proposed tax package.
Mar 22, 2024
In this episode we discuss:
- An overview of Biden’s proposed changes to basis, estate taxes and more.
- Form 8962 MUST be filed for those who obtained health insurance on the exchange.
- New beneficial ownership requirements are under scrutiny for being unconstitutional.
- The IRS is paying extra attention to partnership...
Feb 23, 2024
In this episode:
- A breakdown of medical expense deductions.
- Tax strategies for charitable giving.
- Tax package passes in House but remains in Senate.
- You can check on your federal tax refund at any time by visiting IRS.gov.
We are visited by Michele L. Reynolds, CEO of Shelly Sons Electrical and author of “
Feb 9, 2024
In this episode:
- The filing of the digital asset Form 3800 has been delayed.
- A review of Shareholder Basis and what the IRS is focusing on.
- What happens if you miss the Required Minimum Distribution (RMD) deadline.
- A refresher of Net Investment Income Tax (NIIT).
- Reminder that there is no statute of limitations on...
Jan 26, 2024
In this episode:
- The IRS will open e-filing for personal returns on January 29, 2024.
- New Bi-Partisan package is in the House has a variety of positive provisions.
- Only 8 electronic vehicles currently qualify for the full tax credit.
- Be alert for IRS impersonation scams at this time of year! The IRS will never...