Tag: tax planning


Did you get an Economic Impact Payment that was less than you expected?

Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the effects of the coronavirus (COVID-19) pandemic. The IRS reports that in the first four weeks of the program, 130 million … Read More »

May 19th

Tax Planning. Comments Off on Did you get an Economic Impact Payment that was less than you expected?


There’s still time to make a deductible IRA contribution for 2019

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and … Read More »

May 12th

Tax Planning. Comments Off on There’s still time to make a deductible IRA contribution for 2019


Now may be the time to forgive intrafamily loans

If you have outstanding loans to your children, grandchildren or other family members, consider forgiving those loans to take advantage of the current, record-high $11.58 million gift and estate tax exemption. Bear in mind that in 2026, the exemption amount will … Read More »

April 30th

Estate Planning Briefs. Comments Off on Now may be the time to forgive intrafamily loans


COVID-19: IRS announces more relief and details

In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Here are some new announcements made by … Read More »

April 14th

Tax Planning. Comments Off on COVID-19: IRS announces more relief and details


Webinar on Thursday, April 16, at 1 PM (ET): An Expert’s Guide to Explaining the SBA Paycheck Protection Program, Economic Injury Disaster Loans, and NYC Loan/Grant Programs

Webinar on Thursday, April 16, at 1:00 PM – 2:00 PM (ET)
An Expert’s Guide to Explaining the SBA Paycheck Protection Program, Economic Injury Disaster Loans, and NYC Loan/Grant Programs

Please join us on Thursday, April 16, 2020, at 1:00 PM – 2:00 … Read More »

April 13th

Firm News & Events. Comments Off on Webinar on Thursday, April 16, at 1 PM (ET): An Expert’s Guide to Explaining the SBA Paycheck Protection Program, Economic Injury Disaster Loans, and NYC Loan/Grant Programs


The new COVID-19 law provides businesses with more relief

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Employee retention credit

The … Read More »

March 31st

Tax Planning. Comments Off on The new COVID-19 law provides businesses with more relief


SBA offering loans to small businesses hit hard by COVID-19

Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited. If this describes … Read More »

March 25th

Business Briefs. Comments Off on SBA offering loans to small businesses hit hard by COVID-19


Individuals get coronavirus (COVID-19) tax and other relief

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April … Read More »

March 24th

Tax Planning. Comments Off on Individuals get coronavirus (COVID-19) tax and other relief


Will your estate plan benefit from a trust protector?

You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings, these trusts must be irrevocable, thus requiring you to give up control over the trust assets.

Even though you appoint a … Read More »

March 19th

Estate Planning Briefs. Comments Off on Will your estate plan benefit from a trust protector?


Why you should keep life insurance out of your estate

If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the … Read More »

March 17th

Tax Planning. Comments Off on Why you should keep life insurance out of your estate

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