The Newsroom
Financial and Accounting Updates and Information from Maggart
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From the Monthly Newsletter...
How COVID-19 Legislation May Affect Your Taxes
The Consolidated Appropriations Act (CAA), signed into law Dec. 27, 2020, provides extensive relief in response to the COVID-19 pandemic, such as another round of “recovery rebate” payments to individuals and an expansion of the Paycheck Protection Program (PPP) for businesses and other employers. The legislation includes some tax relief as well. A Brief Overview …
Estate Planning through Intrafamily Loans & Family Banks
Among the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But what if you want to use that wealth to help a family member in need while you’re still alive? This has become an increasingly common and pressing issue this year …
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Handle Mutual Funds Carefully at Year End
As we approach the end of the year, now is a good time to review any mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips. Avoid Surprises Unlike with stocks, you can’t avoid capital gains on mutual funds simply by holding on to the shares. …
