Author Archive : Edelstein

529 Plan Fridays

Hear from Tax Partner, Kate Rooney, as she shares her insights and guidance around 529 Plans. Today, Kate addresses the question, “What are Qualified Education Expenses (QEE)?” In our previous post, Kate answered, “What are

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Posted In: Alerts & Advisories, Resources

Emerging Tax Alert – CARES Act provides COVID-19 pandemic relief to businesses

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic. In addition to

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Posted In: Alerts & Advisories, News

Accounting & Audit Alert- How to use visual aids in financial reporting

Thanks to the Internet and social media, we’re bombarded daily with all kinds of information. As a result, most people prefer clear, concise snippets of data over lengthy text. Have your financial statements kept up

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Posted In: Alerts & Advisories

BREAKING: Massachusetts Filing Deadline Extension

Earlier today, it was announced by Massachusetts government leaders that the state income tax filing deadline has been officially extended to July 15, 2020 for filing federal individual income taxes.  We encourage you to read

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Posted In: Alerts & Advisories, News, Resources

Edelstein’s COVID-19 Resources

Please use this as a resource for all the posts we’ve made on COVID-19 and its impact. We’ve provided brief summaries of the content we’ve shared thus far and encourage you to click the link

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Posted In: Resources

COVID-19 Business Update

This update includes a summary of pressing topics to consider as you make business operation decisions resulting from the COVID-19 economic impacts and mandates. Please reach out to us for individualized support as it pertains

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Posted In: Resources

Emerging Tax Alert- The IRS announces that income tax payments due April 15 can be deferred to July 15, regardless of the amount

The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the wake of the coronavirus (COVID-19) pandemic. After previously announcing that taxpayers could defer making federal

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Posted In: Alerts & Advisories

Emerging Tax Alert- What you need to know about the Families First Coronavirus Response Act

President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires certain employers to provide expanded paid sick and family leave for employees affected by the

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Posted In: Alerts & Advisories

BREAKING: Tax Filing Deadline Extended

U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak. At President Trump’s direction,

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Posted In: Alerts & Advisories

Update: COVID-19’s Impact on April 15th Tax Deadline

We are constantly monitoring the federal government’s response to the coronavirus with respect to April 15th tax filings and payments. Here is what we currently know: For individuals, payments up to $1 million can be

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Posted In: Alerts & Advisories