Preview Mode Links will not work in preview mode

Accounting and Accountability

Episode 71: Major Changes for Form 1099 and W-2 Filing

Jul 14, 2023

In this episode:

  • New thresholds requiring Form 1099s and most W-2s to be e-filed.
  • 263A: Uniform Capitalization rules.
  • Situations that avoid the 10% penalty tax for early withdrawals from traditional IRAs and 401Ks.
  • Deductible HSAs.
  • Lawsuit proceeds for physical injuries may be tax free. 

 We also hear from Jessica Levin, master connector, public speaker, coach, author and creator of Seven Degrees.

She discusses the importance of being able to constantly evolve, helping businesses and individuals "grow up", and how to lean into not knowing exactly what path you're going to be on from day one.  You can find her books "Everyone Has Sh*t: Unsolicited Advice for Being Human" and "Perfect Pairings: The Art of Connecting People" on Amazon or Audible.