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Post Election Tax Planning & Strategies Webinar

Dec 2, 2020 | COVID-19, Webinars

[vc_row][vc_column][vc_video link=”https://vimeo.com/486457356/60a371ed4b”][vc_btn title=”Download PowerPoint Slides” align=”center” link=”url:https%3A%2F%2Fwww.wesselcpa.com%2Fwp-content%2Fuploads%2F2020%2F12%2FDecember-2-Wessel-Tax-Webinar.pdf”][vc_column_text]Our Post Election Tax Planning & Strategies webinar discussed the potential tax impact of the election on individuals, businesses, and their owners. We discussed both what was known at this time, as well as changes that will likely take place for 2021, and how to best plan for them ahead of time.[/vc_column_text][/vc_column][/vc_row]

One-Time Thing: IRA to HSA transfer

One-Time Thing: IRA to HSA transfer

Did you know that you can transfer funds directly from your IRA to a Health Savings Account (HSA) without taxes or penalties? Under current law, you're permitted to make one such “qualified HSA funding distribution” during your lifetime. Typically, if you have an IRA...

Is Disability Income Taxable?

Is Disability Income Taxable?

If you may be eligible for disability income should you become disabled, it's important to know whether that income will be taxable. As is often the case with tax questions, the answer is “it depends.” Key Factor The key factor is who paid it. If your employer will...

Withdrawing ERC Claims

Withdrawing ERC Claims

Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...