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Corporate Transparency, IRS Penalties, & Timeshare Troubles (4/20/2024)
Manage episode 413929762 series 3083349
Контент предоставлен Alec Kelso and The Real Money Pros. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Alec Kelso and The Real Money Pros или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Brian teaches us a good life lesson about paying your dues on time... If he had taken his own advice, he could have saved $8,000! Last Saturday, he was joined by fellow advisor Nic Daniels and attorney Steve Rausch to discuss the trickiness of filing taxes and the potential penalties for mistakes. Does Brian have a claim to avoid that large IRS penalty? The topic of timeshares also comes up, raising the question: How do you get out of it?
In a more serious tone, they discuss the Corporate Transparency Act, legislation that would require millions of LLCs across the country to file an extra form in the name of preventing money laundering. How will this be enforced for small businesses? Because a $500/day late fine can easily become unpayable. They question the government's understanding of the underlying issue and whether they truly believe this is a quick fix.
Listen, Watch, Subscribe, Ask!
https://www.therealmoneypros.com
Hosts:
Brian Wiley, Financial Advisor
Nic Daniels, BFA™, Financial Advisor
Steve Rausch, Senior Attorney, Gravis Law
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SPONSORS:
Guild Mortgage:
Ataraxis PEO
Tree City Advisors of Apollon:
https://www.treecityadvisors.com
Apollon Wealth Management:
https://apollonwealthmanagement.com/
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