Aug 9, 2024
In this episode:
- Republican lawmakers propose a $2B cut to IRS funds.
- Be aware that there is a fake "Self Employment Tax Credit" that is being pushed by scammers.
- The IRS compliance program faces potential cuts.
- An IRA inherited by a non-spouse may need to be withdrawn before 10 years.
- A deep-dive into...
Jul 12, 2024
In this episode:
The Supreme Court has overruled the Chevron Doctrine. What does it mean for tax regulations?
The IRS has 2 years to file a suit against taxpayers if they are sent an incorrect payment.
A deep dive into first-time abatement.
Regulations surrounding the rules of the Research and Development Credit get...
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...
May 31, 2024
In this episode:
- The importance of choosing the correct entity type when forming your business.
- How to properly document the business use of a vehicle.
- Retirement plans for your business.
- Best practices for income shifting.
We also hear from Donny Legans, co-owner of Rail Haus in Downtown Dover, DE. Donny owns this...
Dec 29, 2023
In this episode:
- An overview of what the government may have on the horizon for 2024 for the Research and Development Credit, Bonus Depreciation, and interest deductions.
- The IRS continues to fight false Employee Retention Tax Credit claims.
- An explanation of Section 1202 of the Tax Code.
- A look into tax credits for...