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Economic Impact Payment FAQs updates on IRS.gov
Many people have already received their Economic Impact Payment, and many more will be getting them soon. Whether it's already there or on the way, the payment brings questions from many people. Anyone who has questions can visit IRS.gov for updated FAQs about the...
Economic impact payments: What you need to know
Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next...
Businesses Score Big Tax Benefits with the Cares ACT
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of businesses that suffer a loss to carry those losses back and recover taxes paid in prior years. The...
Tax Extenders
As a year-end holiday gift, Congress included a number of individual and business friendly tax provisions in its year-end spending package that was signed into law by President Trump on December 20, 2019. The "Further Consolidated Appropriations Act, 2020" (2020 Act)...
Early Withdrawals From Your Retirement Accounts: Is It Ever Worth It?
Please note that the following is meant for informational purposes only and does not qualify as legal or professional advice. If you are seeking professional advice, please speak to one of our CPAs. Depending on the size of your tax bill, you may now be needing to...
Should You Use the Standard Deduction or Itemize?
Please note that the following is meant for informational purposes only and does not qualify as legal or professional advice. If you are seeking professional advice, please speak to one of our CPAs. One of the most important questions facing tax payers seeking to...