Episode 57: How will the Secure Act 2.0 Impact You?

In this episode we discuss:

• Worker Classification:  The IRS is still taking a hard look at the distinction between an employee and a contractor.  Make sure you've identified your workers correctly.
• Passive Loss Rules:  Know the rules of what you can claim from passive activities. 
• 1099K new filing rule, which was going to require the issuing limit to drop to $600 or more, has been suspended.
• Omnibus Bill has been passed by Congress and is waiting the President's signature.  Here details of how the Secure Act 2.0 will impact your tax situation. 
• Automatic enrollment in employee retirement plans.
• New catch-up rules for retirement savings.
• Matching Student Loan payments. 

We also hear the story of "Dr." Malachi Love-Robinson.  A 17 year-old who posed as a doctor and defrauded patients out of their money.