March 23, 2020: Governor Hogan issued an order, effective at 5:00 p.m. today, closing all Maryland non-essential businesses. Click here to view the guidance with a non-exhaustive list of businesses, …
Families First Coronavirus Response Act: COVID-19 Update
In its second month, the coronavirus crisis is tightening its grip on the U.S. economy, spurring the Trump administration and Congress into taking bold actions to mitigate the damage. In …
2019 Tax Filing Deadline & Payment Extended to July 15
The United States Treasury and the IRS confirmed on Wednesday that individuals and businesses will be allowed to postpone their 2019 tax payments for up to 90 days due to …
Estate Planning Under the New Tax Law: Opportunities and Traps
The Tax Cuts and Jobs Act of 2017 (TCJA) is a significant tax reform measure that impacts all federal tax laws. And instead of repealing federal gift and estate taxes, …
The Standard Deduction for 2020 (and 2019)
Every tax year, you have the option to either itemize your return or take the standard deduction. The standard deduction amount is set by the IRS and is typically adjusted …
Don’t “Knock” the Backdoor Roth Conversion Solution
Roth IRAs are becoming increasingly popular savings vehicles as investors realize their utility in securing long-term financial goals as well as their availability to fund shorter-term financial goals, such as …
