In this episode: Deducting uninsured losses for damage claims in federally declared disaster areas. Inherited IRA changes. New rates for 2025 including IRA distribution, fit taxes, and mileage Beneficial Ownership Reporting for FinCEN status may not be determined until March 2025.   Anita Evans, Vice President of Business Banking and Senior Relationship Manager for M&T Bank, joins us on the podcast to kick of 2025.  She discusses things you should consider when acquiring a loan, the importance of having an open and honest dialog with your lender and best practices for business owners.  Anita can be reached at [email protected] if you would like more information.

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