Employees now have the opportunity to make changes to qualified benefit elections or newly enroll in an employer-sponsored section 125 plan throughout the remainder of 2020. The IRS introduced this…
Archives for May 2020
CFPB Issues New Factsheets on ECOA Valuations Rule for Consumer and Commercial Lenders
Nearly seven years after the inception of the Equal Credit Opportunity Act (ECOA) Valuations Rule, the Consumer Financial Protection Bureau (CFPB) issued factsheets for two of its major components: transaction…
CARES Act: International Tax Implications of NOL Rule Changes
In a previous post, we discussed some of the tax implications and opportunities for business taxpayers as a result of the CARES Act, including allowance of net operating loss (NOL)…
Stimulus Payment FAQs: Submitting Direct Deposit Info, Returning Payments to Deceased, Proper Dependent Treatment and More
The IRS reports that approximately 130 million of the expected 150 million stimulus payments have already been distributed. There are a number of reasons why certain eligible taxpayers have yet…
The Importance of Wealth Planning, Part 2: A Three-Step Guide to Wealth Plan Reviews
As discussed in part one of our blog series, a wealth plan is an important tool for families in good times and bad. Regular maintenance is required to keep the…