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Accounting and Accountability

May 17, 2024

In this episode:

  • We summarize the Delaware Family Leave Act and what it means to employers/employees.
  • The Delaware EARNS Program launches July 1, 2024.  Find out what employers should be doing.
  • Consider completing the requirements for the Corporate Transparency Act soon.

We also hear from Ryan Horsey, VP of...


Episode 90: The details of the IRS 10-year clean-out rule for inherited IRAs

May 6, 2024

In this episode:

  • We review tips on calculating home sale gain exclusion. 
  • The details of the IRS 10-year clean-out rule for inherited IRAs.
  • New electronic vehicle tax credit rules and limitations.
  • Remain vigilant and skeptical upon receiving emails and texts.  There are many active scams and scam losses are no longer...


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 “