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What qualifies as a “coronavirus-related distribution” from a retirement plan?

29 July 2020
What qualifies as a “coronavirus-related distribution” from a retirement plan?

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what’s a coronavirus-related distribution?


Are scholarships tax-free or taxable?

28 July 2020
Are scholarships tax-free or taxable?

COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will be facing tuition bills. If your child has been awarded a scholarship, that’s cause for celebration! But be aware that there may be tax implications.


Business charitable contribution rules have changed under the CARES Act

28 July 2020
Business charitable contribution rules have changed under the CARES Act

In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions.


Overcoming the challenges of remote auditing during the COVID-19 crisis

28 July 2020
Overcoming the challenges of remote auditing during the COVID-19 crisis

Ready or not Remote working arrangements have suddenly become the “new normal” in these trying times.


Conduct a “paycheck checkup” to make sure your withholding is adequate

14 July 2020
Conduct a “paycheck checkup” to make sure your withholding is adequate

Did you recently file your federal tax return and were surprised to find you owed money? You might want to change your withholding so that this doesn’t happen next year.