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Accounting and Accountability

Feb 24, 2023

In this episode we discuss:

Many tax credits and deductions are slated to end in the next few years without legislative changes. 

New rules allow for tax credits for additional types of electronic vehicles (EVs).

The IRS has declared the 2022 tax stimulus payments as non-taxable. 

Three tax-prep companies have been...

Feb 10, 2023

In this episode we discuss:

  • The IRS has hired 5,000 service operators.  Find out how it may impact tax season.
  • Form 1099K reporting requirements (for businesses that use 3rd party payment vendors such as Venmo and Paypal) for 2023.  
  • One-time charitable giving is allowed from IRAs for those under 59.5 years old without...