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Advantage Magazine

The most recent issue of our newsletter was designed to reflect some of the big changes happening in our world right now. Whether you're leading a virtual meeting, opting to dine at home, or seeking new titles for your summer reading list, this issue is packed with timely and relevant articles.

The Red Fern Advisors and CPA's team would like to wish you a happy and relaxing...

COVID-19 Legislation Update

Here are some key highlights from the CARES Act passed on Friday 3/27/20.

Recovery Rebate Checks

Filing statuses of single or head of household taxpayers will receive $1,200 and filing status of married filing joint taxpayers will receive $2,400 based on their Adjusted Gross Income. There is an additional $500 for each qualifying child.

The rebate check amount will be...

COVID-19 Legislation Update

To our valued clients,

As of today, the IRS has issued additional guidance on the Federal filing and payment extension and we would like to provide further information as well as a link to the IRS FAQs page.

Contributions to Individual Retirement Accounts (IRAs) including SEP IRA accounts

Because the due date for filing Federal income tax returns has...