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Accounting and Accountability

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 assist taxpayers in choosing the appropriate withholding amounts. IRS Tax Withholding Estimator
  • Form 990 for nonprofits may be due by May 15th, 2023.  
  • IRS Notice CP2000 indicates a discrepancy on your tax return between what you reported and what other sources indicate you should have.  It's important to respond timely.

Our guest this week is Delaware Treasurer Colleen C. Davis.  She discusses her office's priorities, what businesses and individuals can look to Delaware for help with, and specific legislation such as the Delaware EARNS program, the Delaware ABLE plan, and the DE529 Education Savings plan.