by Jay Javier | Mar 19, 2020 | Silver Advantage Alerts
The Internal Revenue Service formally provided more information yesterday on the deferred April 15th tax payments in Notice 2020-17. The 2019 tax return filing deadline of April 15th has NOT been extended.The Notice indicates that all taxpayers are affected by the...
by Jay Javier | Mar 18, 2020 | Silver Advantage Alerts
In a press conference yesterday, Treasury Secretary, Steven Mnuchin, announced that the IRS is giving individuals and businesses an additional 90 days to pay taxes on their 2019 tax returns without being subject to interest and penalties. The payment deadline is...
by Jay Javier | Mar 16, 2020 | COVID-19 Resource Center
Over the past weeks we have seen an increasing spread of the Coronavirus (COVID-19) throughout the world. As more cases pop up in the Chicago area and the threat comes closer to home, it is becoming increasingly evident that we need to heed all appropriate safety...
by Jay Javier | Feb 18, 2020 | Employee benefit plans, gift and trust services, Silver Advantage Alerts
The SECURE Act was signed into law by President Trump on December 20, 2019. The bill was created to help Americans save for retirement. The following are key provisions related to retirement planning. Elimination of the Maximum Age for Contributions to Traditional...
by Jay Javier | Jan 23, 2020 | Silver Advantage Alerts
The IRS recently released a completely revamped 2020 Form W-4, Employee’s Withholding Certificate. The new format requires businesses to change the way they determine the amount to withhold for Federal income taxes from an employee’s pay. These changes may...
