irs scam

In this episode:

• Inherited IRAs - Different rules on distribution requirements.
• New IRS targets for LLCs and LLPs. 
• Mortgage interest limitations on personal residence and secondary homes.
• New IRS scam arriving in the mail. 
• IRS says they will no longer be conducting surprise on-site visits. 

We are also joined in the studio by Keith Adams, owner and operator of Vivids Video Productions in Seaford, DE. He talks to us about following your passions, the importance of overcoming things that cause discomfort in order to enhance your business, and how video can be used to impact a business's bottom line.  

I received a question from a client who I helped file their tax return.  They got an email saying that their payment confirmation was on One Drive and they could view it.  

Here is the IRS' official position on their communication with taxpayers:  "The IRS does not use email, text messages or social media to discuss tax debts or refunds with taxpayers."

You can learn more here:  https://bit.ly/3KTOOBA 

Red Barn Financial is a financial advisory firm that serves clients in the Nashville Metro area locally as well as clients throughout the country virtually.  To learn more about Red Barn Financial visit www.redbarnfinancial.com or contact us at 615-619-6919

Disclaimer:  Information provided on this podcast is not tax, legal or investment advice.