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Accounting and Accountability

Jun 18, 2021

Discussed in this podcast:

The current RMD requirements for those 72 years old and over and the 50% penalties that will occur if you don't, as well as the proposed bill to raise that age.

The impact of President Biden's proposed Capital Gains Tax increase and his Global Corporate Tax Rate plan. 

Form 1099K not reflecting third party sales from credit cards, PayPal and similar and the resulting penalties.

Incorrect IRS Notices were sent out in the past weeks.  Please check with your accountant team before you automatically pay.

Fraudulent Delaware Unemployment notices were sent out to individuals who didn't apply for unemployment or receive it. 

We'll also discuss the story of Doug Cassity who stole from 1000s of hard working Americans to supply his own family with a life of luxury.