The IRS is Getting a Funding Increase, Episode 21 with Ron Cohen
The IRS is Getting a Funding Increase, Ron Cohen Episode 21
In This episode we cover The New Retirement Bill, the Higher IRS Budget Proposal, the attempt to take away the “John Edwards” rule for S Corporations and other entities, Truckers and AB5.
Show Notes:
More on the Earn Act: https://www.irafinancialgroup.com/learn-more/self-directed-ira/ira-rules-regulations/earn-act-passed-through-senate/
More on IRS Funding Increases: https://dhub.blob.core.windows.net/dhub/Newsletters/Tax/2022/TNV/220624_2.html?elqTrackId=db437f746baf4557aec2592dabe4b403&elq=6962b91dc8e4455c834dd7b2d308df63&elqaid=97452&elqat=1&elqCampaignId=17896
More on Proposed Increase in owner taxes from pass-through businesses:
https://www.finseca.org/wp-content/uploads/2022/07/Net-Investment-Income-Tax-Expanded-for-Pass-Through-Businesses.pdf
Please let us know if there are specific topics you’d like to hear about in future episodes.
Ron Cohen,
CPA, Partner at Greenstein, Rogoff, Olsen & Co., LLP CPAs & Advisors
Email: rcohen@groco.com
510.797.8661
Click here to listen to more from Ron.
Click here, then scroll down, to see Ron’s bio.
To receive GROCO’s free newsletter, click here.
Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com) Advisors to the ultra-affluent.
Land Management: Conservation Easements
Land Management: Conservation Easements Real property–land and the home or other structures on it–often has special significance to the family that owns it, to the surrounding community or to the ecology of the area. It may have played a role in an historical event; provide habitat for wildlife; command a magnificent view; or offer access…
Personal Finance 101
Personal Finance 101 The subject of personal finance is very broad, but as a beginning, I would like to discuss what I consider the foundations of personal finance: Security, Stability, Growth and Protection & Management. Security Security to me means that I am prepared for the “hit by a bus” scenario. I have life insurance…
Saving for Retirement: 5 Steps to Building Significant Wealth
Saving for Retirement: 5 Steps to Building Significant Wealth Are you saving enough money for retirement? Do you know how much money you need to accumulate in order to retire? Are you concerned about how you should be saving for retirement? The simplicity of these questions can lead many people to believe that there is…
The Bypass Trust: Using Disclaimers to Manage Large IRA Balances
The Bypass IRA Trust: Using Disclaimers to Manage Large IRA Balances By Mary Kay Foss California CPA, December 2001Trying to fund a bypass trust can be problematic if clients only have a residence and a large retirement plan as their major assets. On the surface, a residence isn’t a good asset for a bypass trust…