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  • About Timpe
    • About Timpe
    • Contact Us
  • Services
    • Accounting & Tax
    • Legal Services
    • Timpe Investment Advisory Services
    • Payroll
  • Client Tools
    • Form Download
    • Secure Portal
  • Pay Online
  • Client News & Information
    • Client Update Newsletter
    • Tax & Business Newsletter
    • Tax Planning Insights
    • Tax Tips

Archives

Monthly Archive for: "June, 2020"
 Some people are required to return Economic Impact Payments that were sent erroneously
0
By Gary Timpe
In Taxes
Posted June 30, 2020

Some people are required to return Economic Impact Payments that were sent erroneously

The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals [...]

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 What qualifies as a “coronavirus-related distribution” from a retirement plan?
0
By Gary Timpe
In Taxes
Posted June 23, 2020

What qualifies as a “coronavirus-related distribution” from a retirement plan?

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans [...]

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 If you’re selling your home, don’t forget about taxes
0
By Gary Timpe
In Taxes
Posted June 16, 2020

If you’re selling your home, don’t forget about taxes

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors (NAR) reports [...]

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 Seniors: Can you deduct Medicare premiums?
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By Gary Timpe
In Taxes
Posted June 10, 2020

Seniors: Can you deduct Medicare premiums?

If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially if you’re [...]

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 A nonworking spouse can still have an IRA
0
By Gary Timpe
In Taxes
Posted June 2, 2020

A nonworking spouse can still have an IRA

It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly [...]

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