Need A Loan? Tax Rules Now Let You Borrow From Family At Ultra Low Interest RatesDesperate small business owners seeking cash to keep their businesses alive during the coronavirus pandemic are turning to their families for loans. The loans, with ultra low interest rates are a lifeline. “People are …
8 tax moves for 2020 to make now
8 tax moves for 2020 to make nowThe COVID-19 pandemic has impacted everything, including your taxes.Key takeawaysa. Your income tax obligation could be different this year if your income went up or down significantly.b. There are steps to take now to figure out how much you might owe, so you can try …
IRS Reminds Seniors: No RMD in 2020
IRS Reminds Seniors: No RMD in 2020The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year.The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum …
Tax Planning In Uncertain Times
Tax Planning In Uncertain TimesWe are living in a time of increasing political uncertainty. In 2017, Congress cut corporate and individual tax rates dramatically. Former Vice President Joe Biden now campaigns on a platform to increase taxes. He proposes the following:1. Revert the top individual …
Retirement, Social Security and Cash Flow
Retirement, Social Security and Cash FlowWhen folks seek to retire, one of the most important objectives to evaluate is their Social Security benefits. Social Security is an excellent resource because it provides a guaranteed check for life.However, if your clients file for their benefits too early …