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Accounting and Accountability

Oct 8, 2021

In this episode:

  • The IRS has a significant backlog processing income tax returns.  They have sent out over 9M math error notices regarding COVID relief funds.
  • The 10% penalty for taxpayers 59.5 and older from pulling funds out of an IRA is waved if the funds are being used for educational expenses.
  • IRS collection notices may now come from private collection agencies.  
  • There are many Capital Gains and estate planning strategies that can be implemented.  Make your appointment for tax planning NOW!!

We also hear the story of Remington Financial group and how they destroyed many entrepreneurial dreams to line their own pockets.