An investment in knowledge pays the best interest.
Did you know the backlog of incoming IRS mail is estimated to exceed 10 million pieces? Further, the outgoing IRS notice backlog is estimated at 23.5 million pieces! That is a lot of IRS notices waiting to be sent to taxpayers. This is also problematic as the IRS has an outgoing mail capacity of only 1.5 million notices per week. As a result, millions of notices are starting to go out with old dates and
Dear Clients and Friends,
So, your Paycheck Protection Program (PPP) loan was received. One loan officer described these loans as "groans”: a combination of a loan and a grant. But what should you consider doing now to maximize the "groans", more technically your loan forgiveness?
No need to put off updating your estate planning over worry about an in-person meeting to sign. We have performed many pandemic parking lot estate planning document signings. All documents are reviewed and discussed ahead of time by phone or video conference. Clients stay in their cars with their gloves and masks.
After a long wait and much anticipation, the Florida Department of Revenue has finally used an Order of Emergency (#20-52-DOR-003) that provides certain relief and extended deadlines to some corporations. While many hoped DOR would provide relief similar to what was provided by the IRS, this new order does provide some relief, albeit limited.
Whether it is because of or in spite of COVID-19, we are seeing an uptick in both new and existing clients wanting to create or update their estate planning. Some, much like being stuck home for a hurricane (but much longer), are looking to take care of something that can be taken care of while still self-isolating. Others, whether health care and front-line workers, or the rest of us who realize nothing is certain, have decided that it is time to take care of what they have been putting off.