Archive for August, 2020

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August 31, 2020/Furniture Insights

August 2020 Furniture Insights

Year to date, new orders were down 16% from the same period last year after an 18% decline reported last month, but there is positive news as June orders are 30% ahead of June last year. Also good news is that 73% of participants reported an increase in June.

August 19, 2020/Tax

Paid Taxes but Received an IRS Notice for an Amount Due? Don’t Panic.

If you have received an IRS notice requesting an amount due when you know you’ve already sent in a payment, don’t panic. The delay is on their end, where they haven’t cashed the checks or applied the payments. They’re asking to allow 90 days to complete this action.

August 6, 2020/Tax, COVID-19, Financial Planning

Update to Required Minimum Distributions Rules for 2020

If you took a Required Minimum Distribution (RMD) in 2020, you now have until August 31, 2020 to rollover any RMD that was received in 2020, according to the latest IRS Notice 2020-51.

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