Tax News

BFJ Financial Group recognizes that the coronavirus has had an economic impact on all of our lives and we are committed to helping you work through these stressful times. As a starting point we would like to make you aware of several economic relief programs available to...

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March 23, 2020 - The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020,...

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If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax...

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If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so...

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