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Congress put a halt on the Required Minimum Distribution (RMD) for the traditional IRA in 2020 in response to the pandemic. However, the RMD will be resumed in 2021 and subsequent years. Please give us a call at 360-778-2901 if you have questions about your Required Minimum Distribution. Or if you’d like to learn more …
Video: Required Minimum Distribution Resumes In 2021Read More
This video is an abbreviated summary of President Biden’s COVID Relief & Tax Plan. Of course, these won’t become law until the plan has been passed by Congress. Once passed, the purpose of the plan is to assist people to fight financial hardships from the pandemic. The plan contains various ways to help, including stimulus …
December’s COVID Tax Relief Act provided more than extended unemployment relief and stimulus payments. Watch a summary of the benefits in the video, and if any of them applies to you. Please contact us if you have questions about the COVID Tax Relief Act and how it could affect you. We offer a free tax …
After months of political bickering, Congress is finally passing a new COVID Tax Relief Act. Watch this video for a summary of what you can expect from this tax relief package.
You don’t want to fall behind when saving for retirement. And right now, many people are choosing not to add to their retirement savings. Or simply planning for their Social Security income to take care of their needs. To encourage better preparation for retirement, tax laws offer a variety of incentives to help. Watch this …
If you are unable to keep up with your home mortgage payments, you are not alone! Many others are receiving temporary home mortgage relief under the CARES Act. Even if you are in danger of having your home repossessed, consider the ramifications of financial relief. Any debt relief can have an impact on your taxes. …
Video: Unable to Keep Up with Your Home Mortgage Payments?Read More
Many people are unaware that the unemployment benefits received from federal and state benefits are taxable, leading to a potentially unpleasant outcome on your 2020 tax return. Watch the video below to learn more.
Video: Do You Know That Unemployment Benefits Are Taxable?Read More
Watch out for tax penalties! While most taxpayers don’t intentionally incur tax penalties, many who are penalized just aren’t aware of what those penalties are. Nor are they aware of the possible impact on their wallets. Watch this video to look at some of the more commonly encountered tax penalties and how to avoid them …
COVID-19 has had an unprecedented economic impact – especially on small business owners. Watch this video to find out steps to help keep your business afloat during COVID-19. Learn what is needed to take a pragmatic view of what has happened and what steps you may be willing and able to take to bounce back. …
