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Hurricane Ian Tax Relief
The IRS announces tax relief for the victims of Hurricane Ian in Florida. Click the link for the article released by the IRS. https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-hurricane-ian-in-florida
IRS Outlines Steps to Speed Up Refunds During Pandemic
The 2021 tax filing season will begin on February 12. Below is an article from the IRS that outlines the steps to speed up a refund during the pandemic. >>Read at IRS.govInvestment Advisory Services provided by Wall Advisors, Inc a Registered Investment Advisor.
A Close Look at Some Highlights of President-Elect Joe Biden’s Tax Plan
The potential Tax, Economic, Tax Revenue (Government) and Distributional effect of a Biden Presidency. At Wall Titus one of the core values of our firm is to relay timely, credible, accurate information to our clients, family and friends so that we may serve you in...
Tax Considerations for Paycheck Protection Program (PPP) Loan Forgiveness
You have asked us about the tax consequences of the Paycheck Protection Program (PPP) loans you have taken out in connection with the coronavirus (COVID-19) crisis that were subsequently forgiven. An eligible recipient may have a PPP loan forgiven in an amount equal...
Tax Planning Strategies as 2020 Comes to End
2020 has been quite a challenge, to say the least. The COVID-19 crisis brought massive unemployment, business closures, and an enormous amount of uncertainty. All of this has made 2020 seem like the year that never ends. In fact, I'm sure some of us can't wait for it...
Required Minimum Distributions (RMD) Waived for 2020
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts. This waiver includes RMDs for individuals who turned age 70 ½ in...
Year-End Tax Planning
It has been quite a year, a declared pandemic, multiple rounds of government-injected stimulus packages and nationwide closures have completely changed the way we currently do business. Only three years ago, we were just beginning a conversation about major tax...
Lingering Tax Related Coronavirus Legislation
Businesses Await Answers No Tax Deduction for Expenses Paid with Forgiven PPP Funds A tax surprise could be around the corner for business owners who participate in the federal government’s forgivable loan program — unless Congress intervenes. The PPP was created by...
What a Fed Rate Cut Means for the Markets
Stocks and bonds gain when Fed policy becomes more accommodative U.S. and international stock prices rise after a first Fed rate cut. Gains are strongest when there is no U.S. recession. Bond prices consistently rise prior to an initial rate cut, but are stagnant...
Stocks Hit New Highs by the End of Q2
After Trade War Concerns, Stocks Hit New Highs by the End of Q2Main PointsBonds and stocks both rallied in Q2, with bonds beating stocks globally and in the U.S.Trade war concerns drove stocks down in May, but prospects of Fed rate cuts led to a June rally...
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