Description
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 State Taxes paid on Federal Returns.
We also hear the white-collar crime story of Scott Tucker, a man who seemingly had no compassion for his fellow man. Scott opened several Payday Loan operations, with aggressive underhanded tactics designed to trap borrowers, many of whom were already living paycheck to paycheck, into a never-ending spiral of debt. He also used Native American tribes to conceal his ownership while he bought luxury homes, a private plane and an entire race car team.
In this episode:
An overview of President Elect Trump’s proposals and what impact they may have including the taxing of Social Security benefits, overtime and tipping and the SaLT limitation.
We are joined by Ryan and Andrea Maloney, owner/operators of Clean Eatz in Dover, DE. They discuss...
Published 11/16/24
In this episode:
Tax Cuts and Jobs Act expires after 2025. New inflation adjusted numbers reported. Section 179 update. Gift limit is $19,000 for 2025. IRS begins enforcement of gambling earnings reported on Form W2G. Limitations and income tax issues when working overseas. Tabitha Myers of...
Published 11/02/24