Estate Planning Strategies During Uncertain Times
This could be an opportune time to consider transferring wealth to future generations—by transferring assets (at lower values) and taking advantage of historically low interest rates. As the world continues to face these unprecedented times, we at Fairman Group...
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Estimated Taxes
Taxes may be the last thing on people’s minds these days; however, the extended tax-filing deadline of July 15th is near. Note that the three-month extension to file federal and most state tax returns also applies to estimated tax...
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Reconsider ROTH Conversions
What impact will rising income tax rates have on my retirement? Do I understand the tax impact of leaving my retirement assets in trust? How will my retirement account distributions impact my taxes? In the current environment, where market...
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Important CARES Act Provisions
On Friday, March 27 the Coronavirus Aid, Relief, and Economic Security "CARES" Act was signed into law. The key issues covered in the almost 900-page bill include provisions such as providing liquidity to individuals and businesses, expanding unemployment...
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The IRS & The Commonwealth of Pennsylvania Have Extended The Deadline for Filing & Payments
On Friday, March 20, the IRS released Notice 2020-18 which supersedes the guidance referenced in our prior communication released on March 19. Under this new guidance, the original filing deadline for all taxpayers has been postponed from April 15...
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