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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...


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...


Dec 15, 2023

In this episode we are joined by Ingrid and Amy Hopkins, of Hopkins Heartland.  They tell us all about their journey leaving the 5-generation Hopkins Farm to pursue their own careers, and how the farm called them back to create something unique to Delaware.  Hear about their persistence in changing legislature, the...


Dec 1, 2023

In this episode:

  • Tax extenders will be needed around election time.
  • Know the IRA rollover rules.
  • Find out the updates on estate and gift tax limits.
  • The legal costs for fighting IRS rulings may not be reimbursed.
  • The IRS has delayed the 1099K reporting threshold.

 

Also, we hear the scam story of the Great Diamond...