COVID-19 – Page 11 – Fiducial Blog

October's Extended Due Date Is Fast Approaching (And So Are Penalties!)

September 30, 2020

Did you complete your 2019 return by July 15? If not, and you filed a request for more time, that extended due date expires October 15, 2020.

COVID-19 Testing, Diagnostics Not Minimum Essential Coverage

September 28, 2020

The IRS has news regarding COVID-19 testing and diagnostics. Medicaid coverage limited to COVID-19 services does not qualify as minimum essential coverage.

Traditional IRA and RMD Opportunities to Explore for 2020

September 25, 2020

Many people have taken financial hits this year. However, 2020 does provide some unique tax opportunities for those with traditional IRA accounts.

Employers Should Approach Payroll Tax Deferral Cautiously

September 21, 2020

President Trump signed an executive memo on August 8 for a payroll tax deferral. It creates uncertainty re: administrative compliance and long-term impact.

New Opportunity For $500 Economic Impact Payments for Children

September 18, 2020

The IRS reopens registration for those with children who didn't receive Economic Impact Payments. Did you receive your $500/child stimulus payment?

Stimulus Checks Issued to Decedents Cancelled by the IRS

September 14, 2020

The Treasury Dept. has cancelled outstanding stimulus checks issued to ineligible recipients. This includes those declared deceased.

Qualified retirement plan rules affect COVID-19-related layoffs and rehires

September 11, 2020

Have you laid off employees because of COVID-19? Plan to rehire some of them before 2020 ends? If so, and you offer a qualified retirement plan, listen up!

Nexus Rules Are Being Reshaped for Remote Workers Due to COVID-19

September 7, 2020

With more people working from home, states are considering nexus. State governments must address remote employees in terms of nexus rules and tax revenue.