From the August, 2020

RMD Repayment or Rollover Deadline – Did You Know?

The deadline to return or rollover a Required Minimum Distribution (RMD) for IRA owners, beneficiaries or workplace retirement plan participants is coming up on Monday, August 31. The CARES Act allows most taxpayers with […]

Charitable Cash Contribution Limits for 2020 – Did You Know?

As part of the U.S. Treasury’s ongoing COVID-19 (coronavirus) relief programs for taxpayers, the IRS has made temporary changes to the rules for deducting charitable contributions on federal tax returns. Normally, taxpayers who itemize […]

PPP Loan Forgiveness Process Update

If you received a PPP loan and are thinking about beginning the process of requesting forgiveness on the loan you may want to consider waiting a few weeks until the actual process gets a […]

Tax Provisions Extended Through 2014

In late 2013 we reported that a number of tax credits and deductions would expire at the end of 2013 without action from Congress. Over a year later, Congress passed legislation that would extend […]