Thomas Schorn
Tax Free Student Loan Assistance
The CARES Act expanded the scope of Internal Revenue Code (IRC) Section 127—which addresses employer-paid tuition benefits—to include up...
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Thomas Schorn
- Feb 5, 2021
Tax Filing Season Starts Soon
The IRS has announced that the federal income tax filing season for the tax year 2020 returns begins on Friday, February 12, 2021....
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Thomas Schorn
- Jan 6, 2021
Consolidated Appropriations Act Provides Relief to Individuals and Businesses
The Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of...
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Thomas Schorn
- Dec 4, 2020
Year-End Charitable Giving
With the holiday season upon us, it is time when charitable giving often comes to mind. The tax benefits associated with charitable...
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Thomas Schorn
- Jul 4, 2020
2020 RMD Repayment Rules
The IRS issued adjusted 2020 RMD repayment rules at the end of June. You can now repay RMD withdrawals – even if the withdrawal was in...
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Thomas Schorn
- Apr 23, 2020
Watch Out for Coronavirus Scams
Scammers are always looking for new ways to take advantage of people. Now they are using the same tactics to take advantage of consumers'...
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Thomas Schorn
- Apr 8, 2020
Employee Retention Credit
Much of the attention within the CARES Act relates to the Paycheck Protection Program. A new employee credit was introduced in the CARES...
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Thomas Schorn
- Mar 30, 2020
RMD & Related Changes for 2020
I continue to study the stimulus package passed last week and will continue to send relevant information that is beneficial to you. This...
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Thomas Schorn
- Mar 29, 2020
Beware of Stimulus Payment Scams
Beware of Stimulus Payment Scams Here’s what you need to know about stimulus payment processing in order to protect yourself from...
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Thomas Schorn
- Feb 21, 2020
2019 IRA Contributions
Even though the tax filing season is well underway, there's still time to make a regular IRA contribution for 2019. You have until your...
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Thomas Schorn
- Feb 14, 2020
The SECURE Act and Your Retirement Savings
The Setting Every Community Up for Retirement Enhancement (SECURE) Act enacted in December 2019 as part of a larger federal spending...
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Thomas Schorn
- Dec 26, 2019
New Spending Package Includes Sweeping Retirement Plan Changes
The $1.4 trillion spending package enacted on December 20, 2019, included the Setting Every Community Up for Retirement Enhancement...
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