Episode 55: New 3rd Party Payment Filing Requirements

In this episode:

• The tax-gap is on the rise.  Here what the IRS says is the cause and how they intend to correct course.
• 1099 deadline is on January 31, 2023.
• 1099-Ks:  There are new filing requirements for 3rd party payment businesses such as Venmo and Paypal. 
• Estate and Gift Tax Exclusions will be more in 2023.

We also hear from Lincoln Willis, Chief Strategist and owner of The Willis Group, LLC. He speaks about his path to becoming a lobbyist in the State of Delaware, his experiences advocating for his clients, and what Delaware business owners should be aware of.