Episode 63: Extensions are not Audit Triggers

In this episode:

• Going on extension does not mean that you will be flagged for an audit.
• Remember that extensions are an extension of time to file, not an extension of time to pay.
• 529 Plan distributions can be used for educational costs other than college.
• The current administration is looking at increasing long-term capital gains and corporate tax rates.
• The rules for taxing unrealized gains at death.
• The stats for high-income earner tax rates. 

We are also joined by Tenish Gregory, Director of Operations, and Amy Strickland, President of the Board, of the CenDel Foundation.  Hear how you can start your journey of charitable giving, the most tax advantageous ways to give, and how to keep your money working for your local community.  

You can support the CenDel Foundation at their Dueling Piano event on May 12, 2023, from 6:00 pm-9:00 pm, featuring the Philly Keys at Evergreen Farms. Find ticket information here and follow their Facebook page to see how they're helping Kent County.