Episode 130: Tax Planning Before the Clock Runs Out: Strategies, Credits, and Compliance

In this episode, we explore some of the most important tax updates and strategies that business owners should have on their radar. Topics include: A game-changing update that makes a popular capital gains deferral tool available for the long term A new IRS process that could save compliant taxpayers time and frustration when dealing with penalties A significant tax credit for businesses that invest in employee childcare and support services How the IRS is finally adding clarity to error notices, and why it matters for your bottom line What's coming soon to simplify cryptocurrency tax reporting for both individuals and businesses Key year-end tax strategies you may still have time to take advantage of A major change in Delaware's approach to depreciation, and how it could impact planning New deductions tied to everyday financial choices, like vehicle loans and charitable giving Expanded options for using 529 Plans that go well beyond traditional college tuition