Apr 18, 2025
In this episode:
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Roth IRA Conversions Explained – What they are, how they work, who should consider them, and the tax strategy behind converting gradually.
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Qualified Charitable Distributions (QCDs) – Using IRA withdrawals to make tax-free donations if you're over 70½.
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Depreciation & “Placed in Service”...
Mar 24, 2025
In this episode:
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Tax Changes Coming: New tax legislation is expected, though details remain unclear.
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Income vs. Consumption Tax: Some Republicans propose replacing income tax with a national sales tax—unlikely to gain traction.
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IRS Under Pressure: Talk of abolishing the IRS is unrealistic. Staffing cuts and...
Dec 14, 2024
In this episode:
- Update to the FinCEN Beneficial Ownership Reporting deadline.
- Catch-up contributions are available for retirement plans for limited age groups.
- Some Employee Retention Credits are still not processed.
- New lines will be on individual tax returns for cryptocurrency and 1099K reporting of digital...
Dec 2, 2024
In this episode:
- Best practices for Installment Sales.
- The current gift tax limits.
- IRA owners that are over 70.5 years old can transfer money directly to a charity for enhanced tax and estate planning.
In addition, listen in to our tax planning segment for strategic planning tips going into 2025 for both individuals...
Nov 16, 2024
In this episode:
An overview of President Elect Trump’s proposals and what impact they may have including the taxing of Social Security benefits, overtime and tipping and the SaLT limitation.
We are joined by Ryan and Andrea Maloney, owner/operators of Clean Eatz in Dover, DE. They discuss opening an unfamiliar...