by PTF | Mar 21, 2021 | Individuals, Planning Services
Required Minimum IRA Distributions Will Resume in 2021 Article Highlights: CARES Act Moratorium RMD Resumptions Age Considerations Figuring out the RMD Amount Penalty for Not Taking an RMD No Maximum Limit IRA-to-Charity Transfers As part of the CARES Act, the...
by PTF | Mar 20, 2021 | Articles, Individuals
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage Article Highlights: COBRA coverage Federal COBRA Subsidy Period for Subsidy Alternate Coverage The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up...
by PTF | Mar 19, 2021 | Announcements, Individuals
It’s Official! Another Round of Stimulus Payments Approved by Congress Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Reconciliation Dependents Decedents Social Security Number Requirements Non-Filers IRS Information Sites The American...
by PTF | Mar 18, 2021 | Resource, Tax Preparation
Tax Relief for Victims of 2020 Natural Disasters Article Highlights: Legislation for Major Disasters Definitions Qualified Disaster Distributions Re-Contributing Withdrawals for Home Purchases Retirement Plan Loans Loss Limitations, Revised Relief for Non-Itemizers...
by PTF | Mar 1, 2021 | Tax Preparation, Tax Representation
Beware: These Tax Return Red Flags Could Catch the Eye of the IRS Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the government money there’s a good chance that you’re downright annoyed....
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