Blog

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “the Act”) has provided taxpayers affected by COVID-19 with some relief in the area of retirement plan distributions and loans. Retirement Plan Distributions A coronavirus related distribution is allowed by a qualified individual from an eligible retirement plan made from January...

On March 23, 2020 the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date would be automatically extended from April 15th, 2020 to July 15, 2020. Many states have also followed in their steps and have adjusted their state tax deadlines. As of April...