As the impact of the Coronavirus has spread, many people have been asking for guidance about how this might impact your 2019 taxes. On March 13, the President issued an emergency declaration that empowered IRS to extend deadlines for affected taxpayers. In this instance, affected taxpayers are…everyone. However, it still falls to the IRS to […]

The SECURE Act was signed into law on December 20, 2019.  While the biggest news from this Act are the changes to retirement plans, including increasing the age at which RMDs begin and removing restrictions for IRA contributions, one of the lesser covered effects was the inclusion of so called “extender” deductions.  This is a […]

The New Year has arrived and so too has the beginning of a new decade here at Watson & Associates.  Today it is necessary to reflect on how far we have come while also sharing a little more on where we are going.  We want to recognize the vision and hard work that our founder, […]