Preview Mode Links will not work in preview mode

Accounting and Accountability

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...


Feb 23, 2024

In this episode:

  • A breakdown of medical expense deductions.
  • Tax strategies for charitable giving.
  • Tax package passes in House but remains in Senate.
  • You can check on your federal tax refund at any time by visiting IRS.gov.

We are visited by Michele L. Reynolds, CEO of Shelly Sons Electrical and author of “


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...


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...