Wealth Counsel Presentation: Last week I gave a presentation and continuing legal education class, What Every Lawyer and Advisor Needs to Know About Self Directed IRAs, to the Arizona Forum of Wealth Counsel. This was a mighty fine group of lawyers and they even bought all of the books I brought. Thanks guys. Here’s a copy of the slides from the presentation to anyone who is interested. WHAT EVERY LAWYER AND ADVISOR NEEDS TO KNOW ABOUT SDIRAs Wealth Counsel …
New IRS 1099 Rule for PayPal and Venmo Targets Very Small Businesses and Will Cause Misreporting and Errors
The IRS recently announced that payment apps such as PayPal, Venmo and CashApp will be required to issue 1099s to small businesses and self-employed persons. The problem is these taxpayers don’t have accounting departments and professionals to rely on.
