Episode 71: Major Changes for Form 1099 and W-2 Filing
Accounting and Accountability
English - July 14, 2023 14:00 - ★★★★★ - 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 70: Employee Stock Ownership Plans (ESOP)
Next Episode: Episode 72: IRS Targeting LLPs and LLCs
In this episode:
New thresholds requiring Form 1099s and most W-2s to be e-filed. 263A: Uniform Capitalization rules. Situations that avoid the 10% penalty tax for early withdrawals from traditional IRAs and 401Ks. Deductible HSAs. Lawsuit proceeds for physical injuries may be tax free.We also hear from Jessica Levin, master connector, public speaker, coach, author and creator of Seven Degrees.
She discusses the importance of being able to constantly evolve, helping businesses and individuals "grow up", and how to lean into not knowing exactly what path you're going to be on from day one. You can find her books "Everyone Has Sh*t: Unsolicited Advice for Being Human" and "Perfect Pairings: The Art of Connecting People" on Amazon or Audible.