TheLiveBigWay® Digest: Stay Safe, Stay Home, Live Big
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27th. This Act is a large stimulus package aiming to help ease the economic struggles caused by the coronavirus. Some of the most notable components of the Act include direct payments to taxpayers, eliminated Required Minimum Distributions (RMDs) in 2020, student loan payment deferral, and small business loans eligible for forgiveness. Read on for a summary of these components in this piece.
In turbulent times like these, our Clients often ask how we’re protecting their assets. In this piece, we’ll focus on the measures our strategic partner, Charles Schwab, takes to ensure our Clients’ accounts are safe, including three layers of protection provided by various rules and corporations.
Millions of Americans have been ordered to stay at home to slow the spread of COVID-19. While these orders are disrupting our routines, they don’t have to deprive us of the activities that bring meaning to our lives. Whether you are passionate about culture, fitness, nature, or learning something new, companies are coming up with creative ways to bring their services to your home. We’ve compiled a dynamic list of resources we’ve come across that we hope will brighten and fill your days ahead.
In case you missed it, the Internal Revenue Service (IRS) announced that both the filing deadline and the tax payments deadline for 2019 federal returns will be extended to July 15, 2020.Please note there are different requirements for corporate filers, and state deadlines may vary; we believe that your tax professional is the best resource for any decisions related to your specific circumstances. When your return is completed, we kindly request that you send us a copy to help us to best serve you throughout the year as we perform tax related analysis. The documents can be sent to us using any of the methods described here.