The Latest News

How COVID-19 could affect health spending
Americans can expect overall health care costs to rise over the next decade, with a few potential lulls and spikes as the COVID-19 pandemic upends the health care system. The latest national health spending projections, which include private...
IRS Reminder: Deadline to return distributions to retirement accounts is Aug. 31
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for IRAs and retirement plans, including for beneficiaries with inherited accounts. This waiver includes RMDs for individuals who turned age 70 ½ in...
IRS: Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise
With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today reminded people receiving unemployment compensation that they can have tax withheld from their...
IRS: Seniors, retirees not required to take distributions from retirement accounts this year under new law
The Internal Revenue Service today reminds seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives...
IRS announces rollover relief for required minimum distributions from retirement accounts that were waived under the CARES Act
The Internal Revenue Service today announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the...
Relief for taxpayers affected by COVID-19 who take distributions or loans from retirement plans
This includes expanding the categories of individuals eligible for these types of distributions and loans (referred to as "qualified individuals") and providing helpful guidance and examples on how qualified individuals will reflect the tax...
IRS provides relief to retirement plan participants to sign elections remotely
The Internal Revenue Service today provided temporary administrative relief to help certain retirement plan participants or beneficiaries who need to make participant elections by allowing flexibility for remote signatures. The change relates...
Delayed Connecticut Retirement Security Authority (CRSA) Says it Hopes to Launch Delayed Program Before Year End
The Connecticut Retirement Security Authority (CRSA) has selected Sumday, a subsidiary of BNY Mellon, to act as the program’s administrator. The CRSA is responsible for implementing a program to provide private-sector employees with...
3 common misconceptions about defined benefit plans
Defined benefit plans allow small business owners to set aside more money for retirement than other traditional retirement plans. A defined benefit plan is a qualified retirement plan that defines a specific benefit when a person retires; funds...
Essential documents clients must update during COVID-19
CPAs have been especially busy in recent weeks counseling clients through the sudden economic challenges brought on by COVID-19. Because you’ll be communicating with a large number of your clients, this can be a timely opportunity to also...

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Professional Development

Section 199A: Applications and Challenges (Afternoon Session) (Livestream) - 11/30/2020 -
Section 199A is easily the least understood topic of The Tax Cuts and Jobs Act. Your clients will look to you for explanations and best practices to...
Estate and Life Planning Issues for the Middle-Income Client (Livestream) - 12/1/2020 -
Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client...
Surgent's Federal Tax Camp (Livestream) - 12/7/2020 -
Tax practitioners have been hard-pressed to keep up with changes brought about by the CARES Act and the SECURE Act, not to mention the far-reaching changes...
The Best Federal Tax Update Course by Surgent (Livestream) - 1/4/2021 -
We now have the benefit of the completion of the first full tax season since the issuance of tax reform legislation. In this course, tax advisors will be...

 

Webinars