Episode 41: Secure Act 2.0 Passes House
Accounting and Accountability
English - May 20, 2022 12:30 - 26 minutes - 23.1 MB - ★★★★★ - 9 ratingsBusiness News News Business Management whitecollarcrime businessnews crimedrama irsupdates taxdeductions Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 40: Save tax documents and start tax planning now
Next Episode: Episode 42: The IRS destroys 30M paper filed returns.
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 The IRS paper filing system is significantly outdated and has a 22% error rate from human en try error and dramatically adds to the backlog.Our guest this episode was Cesar Vargas of C. Vargas Construction.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.