CARES Act

A comprehensive guide to how these provisions affect retirement plans

Several significant changes are probably in store for next tax season.

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

This may be the final chance for eligible clients to submit for the additional economic impact payments under the CARES Act this year.

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

Economists say that a V-shaped recovery is unlikely.

The majority of advisors don’t understand how much of a positive difference they can make for their clients, says advisor Deborah Fox.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

“What this tool does uniquely is it takes the depersonalized delivery of benefits and really helps the individual determine how best to get the most out of their benefits,” says Voya’s Andrew Frend.

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.

Those who don’t pay them back could lose up to 45% of their potential savings.

The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

Thanks to the CARES Act, retirees can pass on taking required minimum distributions but should they?

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.