As we are inundated with messages and information in relation to federal and state law updates and ways to adapt to our changing environment, we are offering a summary of resources for our clients. This collection of articles brings together a recap of information shared throughout the week. We hope you find these updates helpful!

 

An extension to file is not an extension to pay taxes

Information from www.irs.gov

#REMINDER “Taxpayers must request an extension to file by July 15. This gives them until October 15 to file their tax return. An extension to file is not an extension to pay. Taxes must be paid by July 15.” Click here for more information.

 

Congress Agrees On Favorable Changes To Paycheck Protection Loans: What Does It Mean For Borrowers?

Article from Forbes.com

“BIG #PPP CHANGES!!! Congress Agrees On Favorable Changes To Paycheck Protection Loans: What Does It Mean For Borrowers? Read here… Click here to continue reading this article.

 

3 Reasons Roll Over Your Retirement Funds IRA

Article from www.irahelp.com

“More than 40 million Americans have filed for unemployment since the Corona virus pandemic hit in in the middle of March. With job loss can come questions of what to do with retirement savings such as your 401(k) plan. A rollover to an IRA may be good move for you. Here are 3 reasons why…” Click here to continue reading this article.

 

Guide to market recoveries

Information from www.capitalgroup.com

“While bear markets can be extraordinarily difficult, they also can be moments of great opportunity. Investors who find the courage and conviction to stick to their long-term plans have often been rewarded as markets bounced back.” Click here to continue reading this article.

 

One More Cares Act Misconception

Article from www.irahelp.com

“We have discussed four misconceptions surrounding the new law. In this article, we add one more: If your employer refuses to offer CRDs, you can’t qualify for the special CARES Act tax breaks. This statement is false…” Click here to continue reading this article.