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Accounting and Accountability

Feb 9, 2024

In this episode:

  • The filing of the digital asset Form 3800 has been delayed.
  • A review of Shareholder Basis and what the IRS is focusing on.
  • What happens if you miss the Required Minimum Distribution (RMD) deadline.
  • A refresher of Net Investment Income Tax (NIIT).
  • Reminder that there is no statute of limitations on saving tax documents if the IRS suspects fraud.

We also hear from Jess Bain, co-owner of Styled, a seasonal and special occasion floral design & décor company serving the Delaware and the Eastern Shore.  She tells us about the importance of staying current in trends that affect her clients and her team’s offerings, how to find each employees’ strengths and play to them, and what they’re learning along the way.