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Accounting and Accountability

Mar 11, 2023

In this episode we discuss:

The current rules for how using, trading and selling virtual currency is treated for taxes.

How to report Charitable Distributions on your taxes.

Beneficiaries of deceased taxpayers must withdraw all RMD before the end of the year. 

Foreign accounts must be disclosed to the IRS.  There are penalties per form not filed. 

The Employee Retention Credit is under scrutiny by the IRS do to fraud.

The IRS is still behind on payroll and amended returns.