CARES Act Summary of Key Provisions Impacting 401(k) Retirement Plans
On March 27, 2020, the U.S. House of Representatives passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the President
IRS Extends 2020 Rollover Period and Other Deadlines for Retirement Account RMDs
In March, the CARES Act provided taxpayers opportunity to skip this year’s (2020) required minimum distribution (RMD) from their retirement accounts.
Ohio Net Operating Loss’ Impact on the Bonus Depreciation Adjustment
The passing of the Tax Cuts and Jobs Act in December 2017 increased the federal bonus depreciation deduction from 50% to 100%, providing taxpayers the
Deferral of Employee OASDI Withholding Set to Begin on September 1 – Limited Guidance Issued
Late on the afternoon of August 28, the IRS and U.S. Treasury released Notice 2020-65, providing limited guidance surrounding deferral of the required