IRA account value down? It might be a good time for a Roth conversion

April 30th, 2020|Comments Off on IRA account value down? It might be a good time for a Roth conversion

  The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you have a traditional IRA, this downturn may provide a valuable opportunity: [...]

Coronavirus (COVID-19): Tax relief for small businesses

March 26th, 2020|Comments Off on Coronavirus (COVID-19): Tax relief for small businesses

  Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers [...]

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

March 26th, 2020|Comments Off on 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 [...]

Why you should keep life insurance out of your estate

March 19th, 2020|Comments Off on 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 [...]