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Defaulting on Retirement Plan Loans Causes Taxable Distributions

Want to borrow money from your retirement plan? Not so fast. Retirement plan loans can be a viable way to get money in a crunch, but you need to follow the rules about repaying them. If you don’t, it could lead to unfavorable tax consequences, as two taxpayers recently learned the hard way in U.S.…

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Posted in Articles, Featured Content, In The News

Tax Reform – An Unsure Thing

There’s nothing certain except death and taxes, the saying goes. The only problem is, lately, uncertainty surrounding the tax code has made a crystal ball as important a tool for CPAs as a calculator. The Trump Administration’s tax plan has injected a huge dose of uncertainty into this and the following year’s tax planning, as…

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