Accounting and Accountability

Episode 150: Maryland Businesses Receiving Erroneous Notices

In this episode:  Rehoboth Office News — Our upcoming open house and new location. Federal Estate Tax — Who may still be affected and where planning can help. Offers in

Episode 149: Rolling Into Roth: Your IRA Rollover Playbook

In this episode: IRA Rollovers — Rolling over traditional 401(k)s and IRAs, converting traditional IRAs to Roth IRAs, required minimum distributions, and estate plannin

Episode 148: $105 Billion in Improper Tax Credits: Who's Watching the IRS?

In this episode:  IRS Oversight of Unenrolled Tax Preparers Overtime Pay Tax Deduction Update Congressional Tax Proposals to Watch Tax Court Case: Customer-Funded Impro

Episode 147: The 10-Year Tax Play: Deferring Capital Gains the Right Way

In this episode: Inflation-indexed IRS deductions, credits, and thresholds for 2026. Non-indexed thresholds that haven't changed in decades (e.g., home sale gain exclus

Episode 146: Hobby Losses, Gambling Wins, and the IRS's Fine Print

In this episode: Hobby loss rules – refresher on when the IRS may reclassify a business as a hobby. Trump accounts – contributing up to $5,000 for a minor without trigg

Episode 145: Marketplace Money Trouble: The Subsidy Surprise Coming Your Way

In this episode: Premium tax credit changes affecting Marketplace health coverage enrollees. Long-term care insurance premium deductions and new retirement plan withdra

Episode 144: New Tax Credits, Crypto, and IRS Chaos

In this episode: Federal Scholarship Tax Credit (2027) — Up to $1,700 non-refundable credit for K–12 scholarship donations; no income limits; requires state opt-in Cryp

Episode 143: QSBS, SALT, HSAs & More: Mid-Year Tax Moves for Taxpayers

In this episode: IRS call strategies – A tip for getting through when the IRS won't accept calls • Tax identity theft – How fraudsters file returns using stolen Socia

Episode 142: IRS Notices, Hidden Tax Credits, and the Tax Traps Costing People Money

In this episode:  A recent court case that could allow some taxpayers to recover certain IRS penalties and interest assessed during the COVID-era, and what steps may be

Episode 141: From Kids' First Jobs to High Earners: Your Mid-Year Tax Playbook

In this episode:  2026 Tax Legislation Outlook — No major tax changes expected this year; budget reconciliation and new proposals remain largely on hold. Retirement Sav

Episode 140: Fewer Audits, More Red Flags: What's Really Changing at the IRS

In this episode: What IRS funding cuts actually mean in the real world, fewer audits, but slower responses and more frustration when you do need answers Why "audit rate

Episode 139: Avoid IRS Penalties!

In this episode: Why most taxpayers don't itemize anymore, and when it still actually makes sense to do so The hidden fine print on mortgage interest deductions, includ

Episode 138: Tax Traps and Smart Moves: What Taxpayers Should Fix Before It Costs Them

In this episode: A practical look at proposed IRS reform and why better customer service, clearer appeals rights, and stronger taxpayer advocacy matter to everyday taxp

Episode 137: The Tax Breaks You're Probably Missing, and the Tech That's Changing Everything

In this episode: A little-known tax opportunity involving long-term care costs that can significantly reduce taxable income if handled correctly Why medical expense d

Episode 136: March Madness for Taxes: Deadlines, Deductions, and Costly Mistakes to Avoid

In this episode: Why tax season gets significantly more intense in March, and why accountants push for earlier deadlines to ensure returns are accurate and thoroughly r

Episode 135: Before You File: The Tax Law Changes High Earners Can't Afford to Miss

In this episode: What the expanded SALT deduction really means, and how income limits and payment timing can impact your 2025–2029 strategy. New charitable contributi

Episode 134: Senior Tax Breaks, Farm Gains, and the IRS Shake‑Up

In this episode:  Detailed insight into the new $6,000 Senior Deduction for taxpayers age 65+, including income phaseouts and confusion around Social Security taxabilit

Episode 133: IRS Shutdowns, E‑Filing Mandates, and Refund Changes

In this episode:  IRS electronic filing systems are closed until January 26, delaying returns and refunds. Some state tax forms won't be ready for filing until late F

Episode 132: Catch-Ups, Cutoffs & Contribution Caps: 2026 Retirement & Tax Gamechangers

In this episode:  Why "goals" beat New Year's resolutions (and how business owners can take that mindset into tax season). A rundown of 2026 tax law changes that matt

Episode 131: Don't Leave Money on the Table: New Deductions, Donor Hacks & The Truth About Trump Accounts

In this episode:  What Trump Accounts are, who qualifies, and why parents of young kids should pay attention in 2026. How the "no tax on tips/overtime" headlines are