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