Mar 24, 2020 | Income Tax
If you or a well-off relative are facing the gift and estate tax, here’s a planning opportunity often overlooked: pay tuition and medical expenses for loved ones. Such payments, structured correctly, do not represent gifts. The monies spent by you on the qualified...
Mar 18, 2020 | Charitable Contributions
The Treasury Secretary made an announcement yesterday about tax relief due to COVID-19. We expect the IRS to release detailed guidance soon, and we will communicate that information to you once it is available. As of now, this is what we understand based on his...
Mar 16, 2020 | Income Tax
The Setting Every Community Up for Retirement Enhancement (SECURE) Act changed the landscape for retirement and savings planning. Don’t hesitate to reach out to us, your Sarasota CPA, with any questions. Here are eight important reminders about this new law:...
