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Accounting and Accountability

Mar 24, 2023

In this episode:

  • Going on extension does not mean that you will be flagged for an audit.
  • Remember that extensions are an extension of time to file, not an extension of time to pay.
  • 529 Plan distributions can be used for educational costs other than college.
  • The current administration is looking at increasing...

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...