Month: July 2020

When Are Income Taxes Really Due?

The answer to this question may actually surprise you. I have heard many myths over the years about what the answer to this question is. Throughout my career at the Internal Revenue Service, as a Revenue Officer I continually dealt with taxpayers that either owed the IRS back taxes, or had tax returns that they […]
Read More

IRS: New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans

WASHINGTON − The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and allowing certain retirement plans to offer expanded loan options. Can I get money from my retirement […]
Read More
Call Now