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Accounting and Accountability

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...

Jan 26, 2024

In this episode: 

  • The IRS will open e-filing for personal returns on January 29, 2024.
  • New Bi-Partisan package is in the House has a variety of positive provisions.
  • Only 8 electronic vehicles currently qualify for the full tax credit.
  • Be alert for IRS impersonation scams at this time of year! The IRS will never...

Jan 12, 2024

In this episode:

  • The rules for rolling over unused 529 Plans into a Roth IRA.
  • Tax saving strategies for purchasing electronic vehicles.
  • Do you have more than 10 1099s, W-2s or similar?  You may be required to e-file this year.
  • The new standard mileage rates for 2024.
  • Clarification of the new Beneficial...

Dec 15, 2023

In this episode we are joined by Ingrid and Amy Hopkins, of Hopkins Heartland.  They tell us all about their journey leaving the 5-generation Hopkins Farm to pursue their own careers, and how the farm called them back to create something unique to Delaware.  Hear about their persistence in changing legislature, the...