The IRS Extends Additional Tax Deadlines

What to know about your IRA, HSA, and more  Previously, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year had been automatically extended from April 15, 2021, to May 17, 2021.1 More time for...

The New Inherited IRA Rules

Do you know what has changed for IRA beneficiaries?  New inherited IRA rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement...

1099 Forms

Explaining the many types of 1099 forms and their uses What is a 1099 form? This is a record of payment from an individual or entity, showing a payment, generated for your records. The individual/entity sends a copy to both the payee as well as the I.R.S.1   Who...

5 Highlights of New Stimulus Package

What the latest round of funding may mean for you After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and...