Preview Mode Links will not work in preview mode

Accounting and Accountability

Jun 28, 2024

In this episode we discuss: 

  • Qualified Business Income Tax Deduction for rental activity.
  • Tax liens may result in the revocation or denial of a passport.
  • AI tax programs are reported to be incorrect approximately 50% of the time.
  • The "reasonable cause" defense can be made for abatement of penalties if a filing mistake...


Jun 17, 2024

In this episode:

  • President Biden’s proposed income tax increases.
  • The benefits of contributions to Health Savings Accounts (HSAs)
  • GoFundMe donations to individuals not classified as a 501c3 organization are not deductible.
  • Some shocking stats from the IRS.
  • The State of Delaware is still sending out erroneous tax...