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2020 Election Year Planning: A Window of Opportunity

Uncertainty is pervasive these days. However, we are all familiar with Benjamin Franklin’s quote, “…nothing can be said to be certain, except death and taxes.” With the 2017 tax law changes in the Tax Cuts and Jobs Act (TCJA), the amount of assets that someone can leave to his/her heirs without incurring estate tax increased significantly.

CARES Act Impact on Individuals and Businesses

No one has been immune to the impact of COVID-19. At MRA, we are available to provide you with financial guidance and support through these unprecedented times. In addition to our financial relationship, we want to be sure you know how much we value our personal relationship with each of you. Please take care of yourselves and your loved ones.

COVID-19 Tax Compliance Update

Within days of deferring the tax payment deadline from April 15th to July 15th, the IRS issued Notice 2020-18 which also defers the tax filing deadline from April 15, 2020 to July 15, 2020.

Create A New Taxpayer: The Charitable Lead Trust

Do you wish to receive an income tax deduction for charitable gifts otherwise “capped” by percentage limitations of adjusted gross income (AGI)? Do you have assets that provide a high cash yield and income taxed at the highest federal and state rates?

Is It Now Time for the Rich to Refinance Their Family Balance Sheets?

While cash across Berkshire has swelled to over $122 billion, its first yen-denominated bond will soon add roughly $3.9 billion to the balance sheet. The bond maturities will range from five to 30 years and carry interest rates of .17% to 1.1%.

2017 Tax Act and Qualified Opportunity Zones: Is It Really an Opportunity?

The Tax Cuts and Jobs Act of 2017 (TCJA) included a tax break for investors related to realized capital gains. Through this program, an investor may receive tax benefits, including potential deferral and elimination of tax, by investing those gains in a Qualified Opportunity Zone Fund (QOZF).

MRA Associates Work-From-Home Policy

3/18/2020 – MRA Associates cares about the health and safety of our clients, our MRA team members and their families, and the community. As we continue to navigate this pandemic and do our part to slow the spread of COVID-19, we have implemented a work-from-home policy.

Our firm is well prepared to continue to serve, support, and advise our clients. Team members have remote access to all systems and processes to ensure continued normal business operations. Please help us to do our part by using telephone and video conferencing for meetings with us until the threat of contagion is significantly reduced.

As your trusted financial partner, we are monitoring the current economic environment, discussing approaches to short-term challenges, and developing innovative solutions. Please know that we are available to you for all of your needs and concerns. Please do not hesitate to reach out to our team if you have any questions.

(800) 222.1232

MRA Associates