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.
How to Take Advantage of the Paycheck Protection Program
You may be wondering how to take advantage of the Paycheck Protection Program? Well, here is a letter one of our Partners sent out to his clients. Dear Client, I wanted to outline the Paycheck Protection Program (PPP Program) that was part of the CARE ACT that was passed and signed by the president on…
Short summary of CARES ACT
Short summary of CARES ACT in a letter sent by one of our partners to some of his clients: Dear Clients and Friends: I hope you are doing as well as possible. Congress passed (with only one “no” vote in the House of Representatives) and the President signed (on Friday) the Coronavirus Aid, Relief, and…
President Trump Signs CARES ACT, What Does this Mean?
Fremont California, March 27, 2020 – President Trump Signs CARES ACT. As COVID-19 continues to threaten almost every aspect of our lives, our government has expedited passing legislation and President Trump has signed, the Coronavirus Aid, Relief, and Economic Security (CARES) ACT. The CARES ACT is a massive bill, the majority of which does not…
The AICPA urges IRS to provide payment relief due to COVID-19
The AICPA on Thursday urged Treasury and the IRS to provide broader tax filing and payment relief for taxpayers affected by the ongoing COVID-19 pandemic. In a letter to Treasury Assistant Secretary for Tax Policy David J. Kautter and IRS Commissioner Charles Rettig from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, the AICPA…