Recent Blog Posts
The Importance of Succession Planning
Ownership of a business often represents years of hard work and entrepreneurial skills. However, even the most astute business owners are often unfamiliar with the complexities and levels of preparation that must go into a successful succession strategy. Whether you are contemplating transferring your business interest to family members or selling to current management… Read More »
Coronavirus and Retirement Plans – Updates from IRS Notices
We have previously posted discussions regarding the impact of the SECURE Act on planning for retirement plan distributions. With the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted, including several provisions addressing distributions from retirement plans and special tax treatment. The IRS recently issued two notices, Notice 2020-50… Read More »
Charitable Giving Provisions of the CARES Act
We have previously discussed the Paycheck Protection Program, and plenty of other commentary has focused on the 2020 Recovery Rebates for individuals, both of which were enacted under Coronavirus Aid, Relief, and Economic Security (CARES) Act. In addition to these headline-grabbing provisions, the CARES Act also contains provisions designed to encourage increased charitable giving… Read More »
IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates, Corporations, and Others
To help taxpayers, the Department of Treasury and the IRS announced in Notice 2020-23 the extension of additional key tax deadlines for individuals and businesses. Notice 2020-23 Previously, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty,… Read More »
Estate Planning During COVID-19
At MendenFreiman, the health and safety of our clients and staff are our most important priority. We also want you to know that during these unprecedented times, we are here for you. Below are several important updates regarding estate planning matters during the COVID-19 crisis. We Are Here for You. We remain committed to meeting… Read More »
