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IRS: New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans

WASHINGTON − The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and...

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  • July 31, 2020

ASY in the News

Filing for unemployment, loans, or even waiting for a stimulus check? Accountants have some advice for you.

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  • April 16, 2020

Three loan opportunities that could help small businesses survive COVID-19

Financial experts agree that an economic rebound from the COVID-19-induced recession won’t happen until public health officials lift social distancing orders and allow companies to resume business operations. Until then, federal officials are working with local lenders to help...

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  • April 9, 2020

Written by Attorney Timothy J. Bupp, CELA; CGA Estate Practice Chairman

Among the many provisions of the $2.2 trillion dollar CARES Act passed by Congress in March are several directed at retirement plans.  These provisions loosen the usual restrictions on qualified accounts for those suffering economically from the current emergency.           —...

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  • April 7, 2020

Getting Ready for Taxes

Now that you’ve survived the holiday season, tax season is looming. Make sure you’re prepared for the upcoming chaos with these helpful tips, and our handy guide. Checklist — Make a list of all the people and places you...

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  • January 3, 2010