Dec 14, 2024
In this episode:
- Update to the FinCEN Beneficial Ownership Reporting deadline.
- Catch-up contributions are available for retirement plans for limited age groups.
- Some Employee Retention Credits are still not processed.
- New lines will be on individual tax returns for cryptocurrency and 1099K reporting of digital...
Dec 2, 2024
In this episode:
- Best practices for Installment Sales.
- The current gift tax limits.
- IRA owners that are over 70.5 years old can transfer money directly to a charity for enhanced tax and estate planning.
In addition, listen in to our tax planning segment for strategic planning tips going into 2025 for both individuals...
Nov 16, 2024
In this episode:
An overview of President Elect Trump’s proposals and what impact they may have including the taxing of Social Security benefits, overtime and tipping and the SaLT limitation.
We are joined by Ryan and Andrea Maloney, owner/operators of Clean Eatz in Dover, DE. They discuss opening an unfamiliar...
Nov 2, 2024
In this episode:
- Tax Cuts and Jobs Act expires after 2025.
- New inflation adjusted numbers reported.
- Section 179 update.
- Gift limit is $19,000 for 2025.
- IRS begins enforcement of gambling earnings reported on Form W2G.
- Limitations and income tax issues when working overseas.
Tabitha Myers of Tabitha Myers Nutrition...