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Video 84 (1.29.20)

Weekly Questions: Video 81-100 • 11m

Up Next in Weekly Questions: Video 81-100

  • Video 83 (1.21.20)

    1. My client turned 70 and ½ in December 2019 but did not take his RMD, thinking with the new law he no longer would have to take it in 2020. What is the rule here?
    If the taxpayer turned 70 and ½ before 1/1/2020 the old RMD rules apply This means he must take his 2019 RMD by 4/1/2020 and his 202...

  • Video 82 (1.14.20)

    Talking with TaxSpeaker :Video 82
    1. Client is considering renting out their basement as an Airbnb. Do you have any thoughts on as to whether or not they should create an LLC for this activity?
    2. Does the Failure to File Penalty apply to the tax return if there is a refund? Or is it still just...

  • Video 81: (1.7.20)

    Talking with TaxSpeaker: Video 81
    1. New rule removes the age restriction for those over 70.5 with earned income to continue making deductible contributions to IRA. Old rule allowed for working spouse to also contribute for a non working spouse. Is there anything in the new rule that indicates ...