Are You The Parent of a Rising High School Senior? Make the Most of Summer to Help Your Child Prepare for College Application in the Fall

July 16, 2020

by Rosalind Lee, Guidance Education, Independent College Admission Counselor / www.guidanceeducation.com You and your family have made it through the lockdown.  It’s finally summer and time to relax a bit.  Despite all the uncertainties about returning to school in the fall, grading, testing, and how…

After You File Your Tax Return: 3 Issues to Consider

July 13, 2020

The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are…

IRS Guidance Provides RMD Rollover Relief

July 6, 2020

The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things, it extends favorable tax treatment to qualified individuals who take so-called “coronavirus-related distributions” (CRDs) from IRAs, 401(k) plans and certain other retirement plans. Specifically, the…

Haven’t Filed Your 2019 Business Tax Return Yet? There May be Ways to Chip Away at Your Bill

June 29, 2020

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on or after April 1, 2020, and before July 15. Retroactive COVID-19 business relief The Coronavirus…

If You’re Selling Your Home, Don’t Forget About Taxes

June 22, 2020

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors (NAR) reports that existing home sales in April decreased year-over-year, 17.2% from a year ago. One bit of…