LOGO

PROVIDING OUTSTANDING
TAX SEMINARS SINCE 1995

REGISTER

    Sign up for our tax news emails:

    We will not share your email with anyone else

    Month: July 2020

    Relief for RMD Rollover

    As discussed in our post on March 31, 2020, the requirement to take minimum distributions from retirement accounts has been suspended for the 2020 tax year. This provision was part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was enacted on March 27, 2020.  Some taxpayers already had received their required minimum distributions (RMDs) for 2020, or they received them ...

    Considerations for Extensions

    Preparing client extensions requires practitioners to use estimates for unknown amounts.  It is important to warn clients that the actual amounts of income or deductions, when they become known at a later date, may differ from the estimated amounts used to prepare the extensions.  Practitioners should warn clients in writing, indicating that differences between actual amounts and estimates cou...