Phase 3 of the COVID-19 stimulus package (the CARES Act) was just signed by President Trump. The CARES Act includes several income tax provisions that attempt to lessen the impact and encourage individuals and businesses to keep putting money back into the economy. See https://mwbpc.com/the-cares-act-business-highlights/ for the business highlights of the CARES Act. Business [...]
The Families First Coronavirus Response Act, the second coronavirus emergency aid package, was signed into law by President Trump on the evening of March 18, 2020. Only a small part of the legislation contains tax provisions; while the rest of the bill primarily focuses on funding for increased COVID-19 testing, providing free testing for everyone, [...]
Secretary of the Treasury Mnuchin announced an extension of the April 15 tax payment deadline for most individuals and businesses, giving 90 extra days to pay 2019 income tax bills and quarterly income tax estimates. Taxes due with individual income tax returns can be deferred up to $1 million in income tax payments (including self-employment [...]
Secretary of the Treasury Mnuchin announced an extension of the April 15 tax payment deadline for most individuals and businesses, giving 90 extra days to pay 2019 income tax bills. Individuals will be allowed to defer up to $1 million in tax payments and regular corporations will be able to defer up to $10 million [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section. The article was titled "The 8 Most Vexing Tax Questions, Answered” by Tara Siegel-Bernard and Ron Lieber. In the article, Julie answered the question about being confused by a new form that human resources uses to calculate [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in CNBC's Grow.Acorns.com "It's Not Too Late to Bring Down Your Tax Bill From 2018 - Here's How" written by Sam Becker. The article outlines the last-minute technique of contributing to an Individual Retirement Account. You can read her quotes and the entire article on CNBC's [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Thursday in The Washington Post – “Personal Finance” section. In the article titled "The April 15 tax deadline is close. Why you should file on time.” by Michelle Singletary, Julie answered what has been frustrating people most during this tax season. You can read her quote [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in "How to Use The New Tax Law to Cut Your Tax Bill" written by Robert Powell and published in TheStreet. The article outlines opportunities for those saving for retirement to cut their tax bill this year and in years to come. You can read her [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section in two articles. The first was titled "The 8 Most Common 2019 Tax Return Questions, Answered by Experts” by Ron Lieber and Tara Siegel-Bernard. The second was titled "Smaller Tax Refunds Surprise Those Expecting More Relief" by [...]
Meara Welch Browne’s Tax Partner, Julie Welch, along with Ed Slott, president of Ed Slott & Company, were interviewed on CNBC's Squawk Alley about the tax benefits of selling stocks before the end of the year. You can view CNBC's interview at the following link: https://www.cnbc.com/video/2018/12/27/tax-experts-nows-the-time-to-sell-stocks-claim-losses.html