COVID-19 Resource Center

Now May Be a Good Time for a Roth Conversion

When life gives you lemons, make lemonade. The Coronavirus (COVID-19) outbreak is causing havoc in the global markets and the U.S. economy. However, there's an upside for long-term investors: Low market values may provide a tax-smart opportunity to convert your traditional IRA to a Roth IRA. Here are some factors to consider before you execute a Roth conversion in 2020.

IRS Issues Warning About Coronavirus-Related Scams; Watch Out for Schemes Tied to Economic Impact Payments

The Internal Revenue Service urges taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus- (COVID-19). These contacts can lead to tax-related fraud and identity theft.

CARES Act will Provide Billions of Dollars of Relief to Individuals, Businesses, State and Local Governments, and the Health Care System

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the Coronavirus (COVID-19) pandemic. We will share additional details on the provisions that are likely most relevant to you or your business in the coming days.

Employee Leave Under the Families First Coronavirus Response

Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new tax credits to offset employers’ costs. However, the immediate need to pay employees on leave may still be difficult for organizations struggling with revenue losses.

What COVID-19 Legislation Means for Nonprofits and Their Staffers

Whether your not-for-profit is newly deluged with demand for services or you’ve closed doors temporarily, it’s important to keep up with legislation responding to the coronavirus (COVID-19) crisis. On March 18, the Families First Coronavirus Response Act was signed into law to provide American workers affected by the pandemic with extended sick and family leave benefits.