The Shape of Economic Recovery
Most economists believe that GDP will turn upward in the third quarter, but it will take sustained growth to return the economy to its pre-recession level.
Wealthy Taxpayers: 5 Strategies to Consider for Potential Tax Increases
Regardless of who wins the next election, with rising deficits, government spending skyrocketing, and revenue dropping due to the COVID-19 pandemic, taxes will surely go up in coming years.
CARES Act Update: Additional Guidelines Regarding Coronavirus-Related Distributions from Tax-Deferred Accounts
The IRS has issued guidance to assist employers and plan administrators on how to report coronavirus-related distributions and how individuals may report these distributions on their individual federal income tax returns.
5 Post-Pandemic Trends Shifting the Economy for Small Businesses Everywhere
Behaviors have changed during the Coronavirus outbreak. We list five of these that could end up being positives for small businesses moving forward.
Unique IRA Opportunities for 2020
From converting traditional IRAs to taking advantage of the RMD suspension for 2020, this year provides unique tax opportunities for those who have traditional IRA accounts.
Don’t Throw Away That Notice 1444
If you’ve already received your economic impact payment, you’ve probably already received Notice 1444. Make sure you keep it, as you may qualify for a refundable credit on your 2020 return.
Will vs. Trust: 7 Key Differences
Wills and trusts are common estate planning documents. While each can help in the distribution of assets at death, we outline seven key differences between the two.
July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return
Due to COVID-19, the IRS extended the tax filing deadline to July 15th—but that tax deadline applies to other items!
Portfolio Performance: Choose Your Benchmarks Wisely
The desire to become a more disciplined investor is often tested by the arrival of your account statements.
A Novel Way to Make COVID-19 Relief Donations
You may be able to convert unused paid vacation time, sick leave and personal leave for cash payments that your employer can donate to COVID-19 relief charitable organizations.