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.
Coronavirus related posts
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.
The “Money Talks” financial experts discuss a unique opportunity that 2020 brings—the ability to roll what would have been a 2020 RMD into a Roth IRA. They also cover the nuances of this move as well as why it may be beneficial to some investors.
Behaviors have changed during the Coronavirus outbreak. We list five of these that could end up being positives for small businesses moving forward.
In the Marietta Daily Journal, Bil Lako, CFP®, explains the IRS’ latest move to help investors repay their unwanted 2020 RMDs.
Due to COVID-19, the IRS extended the tax filing deadline to July 15th—but that tax deadline applies to other items!
The desire to become a more disciplined investor is often tested by the arrival of your account statements.
The IRS issued Notice 2020-51 that clears up any misconceptions about your 2020 RMDs. If you took any RMD withdrawals prior to the suspension of RMDs, you can redeposit your withdrawal to your retirement account by Aug. 31, 2020.