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Accounting and Accountability

Oct 22, 2021

In this episode:

It's time for tax planning!  Make your appointment now to minimize your tax liability.  Here are some tax planning strategies.

Social Security recipients will see a 5.9% increase.

Make sure your college student is providing you with their Form 1098T!

Those who qualified for the DE Relief Grant have...

Oct 8, 2021

In this episode:

  • The IRS has a significant backlog processing income tax returns.  They have sent out over 9M math error notices regarding COVID relief funds.
  • The 10% penalty for taxpayers 59.5 and older from pulling funds out of an IRA is waved if the funds are being used for educational expenses.
  • IRS collection...