Insights

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Recipients of more than $10,000 in Provider Relief Funds (PRF) are required to report healthcare related costs attributable to the coronavirus less any costs that have been reimbursed or are obligated to be reimbursed by another source and lost revenue in the PRF reporting portal.

If you mentioned the acronym “SPAC” a few years ago you were likely met with a blank stare. While COVID-19 led the headlines in 2020, SPACs became the hottest investment vehicle on Wall Street dominating the initial public offering (IPO) landscape and private equity has played a significant role in the SPAC boom.

Many of us are looking for ways to keep more of what we make and minimize our tax burden. One effective strategy for individual taxpayers can be the Backdoor Roth IRA.