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Accounting and Accountability

May 2, 2025

  • Discussion on the so-called "IRS exodus" and its actual impact on audits, including the shift in enforcement strategy.

  • Cautionary advice about taking overly aggressive tax positions due to perceived reduced IRS oversight.

  • Importance of avoiding audit risks, especially when dealing with inexperienced agents.

  • IRA...


Apr 4, 2025

In this episode:

  • Reminder: tax extensions don’t extend the time to pay.

  • Upcoming potential changes due to 2025 tax law expirations.

  • Carried interest and capital gains vs. ordinary income.

  • Proposed taxation of municipal bond interest.

  • New early retirement withdrawal exception for emergencies (up to...


Feb 21, 2025

In this episode:

  • An update on the tax cap for State and Local Taxes.
  • Tax rules for gain or loss on a qualifying residence.
  • The IRS is cracking down on fuel tax credit fraud.

If you're a self-employed business owner looking to buy a home, you’ve probably heard that getting a mortgage is more challenging than for...


Nov 2, 2024

In this episode:

  • Tax Cuts and Jobs Act expires after 2025.
  • New inflation adjusted numbers reported.
  • Section 179 update.
  • Gift limit is $19,000 for 2025.
  • IRS begins enforcement of gambling earnings reported on Form W2G.
  • Limitations and income tax issues when working overseas.

Tabitha Myers of Tabitha Myers Nutrition...