Qualified retirement plans must file IRS Form 5500. However, only plans that the IRS considers to be “large” need to submit an independent auditor’s report along with their Form 5500 filing.

On December 27, 2020, the Consolidated Appropriations Act 2021 (CAA 2021) was signed into law, providing another COVID-19 stimulus package for small businesses and individuals.

Many people believe that unless they have substantial wealth or are in their golden years, estate planning is not necessary. However, this is not true for many reasons.