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Accounting and Accountability

Jun 17, 2022

In this episode:

  • The mileagereimburesement rate is set to rise to 62.5 cents per mile on July 1 – a 4 cent per mile increase.
  • We discuss the rules for an inherited IRA 10-year payout.
  • Non-cash donations valued at $250 or higher follow special rules for tax returns.
  • The Social Security Wage Gap.

 

Our guest is Jess...


Jun 3, 2022

In this episode: 

  • Lifetime in gift tax exemptions are $12,060,000 for 2022, due to be reduced to $5M after 2025.
  • The IRS will increase interest rates at the end of Quarter 3 this year.
  • Form 1023-EZ returns are being abused and overused for nonprofit organizations.  Lawmakers are discussing rescinding.
  • The proceeds from...