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Accounting and Accountability

May 20, 2022

In this episode we discussed:

  • Secure Act 2.0 has been passed by the House and will go to the Senate later this year.
  • The IRS is taking a much closer look at real estate loss deductions.
  • The IRS paper filing system is significantly outdated and has a 22% error rate from human en try error and dramatically adds to the backlog.

Our guest this episode was Cesar Vargas of C. Vargas Construction.  He owns a custom stonework business in Sussex County and spoke about moving from a contract employee (send just me an email with your favorite vegetable if you’re still reading this) to a business owner since coming to America with his family.