Jun 2, 2023
In this episode:
- The IRS is still revealing plans for the $80B of Congressional support.
- We review what amended returns are and the current IRS processing timelines.
- The next due date for estimated taxes are June 15th.
- We discuss why timely estimated tax payments are so important.
- The possible add-back of Maryland...
May 19, 2023
In this episode:
- A review of clean property and energy efficient tax credits that are available now.
- Tax strategies and savings opportunities for hiring your children.
- HSA contribution limits are on the rise.
- Donations of vacation homes for charitable events are not tax deductible.
We are joined by Todd Roselle,...
May 5, 2023
In this episode:
- 1099K reporting changes may be on the horizon for 3rd party payment users.
- The electric vehicle tax credit has been updated. For full details, please read our blog article at Discover the Tax Benefits of Owning an Electric Vehicle on our website.
- Tax estimators are available on the IRS website to...
Apr 7, 2023
In this episode:
- Tax Day is April 18, 2023 this year.
- A breakdown of Capital Gains, Like-Kind Exchanges and related strategies.
- Social Security wage base is on the rise.
- IRS penalties and interest are high if you don't pay by April 18th, regardless of extension status.
We also hear the story of the "The Welfare...
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...