July 2020 - Corrigan Krause | Ohio CPA Firm

UPDATED: The deadline for dentists to apply is now August 3.

Dentists are now eligible to apply for financial assistance through the CARES Act Provider Relief Fund.

On July 10, 2020, the Department of Health and Human Services (HHS) announced a change to the Medicaid and Children’s Health Insurance Program (CHIP) Provider Relief Fund. Before the change, only dentists who billed and received payment from Medicaid and CHIP were eligible for relief funds. Now, dentists that

RMD Basics

A required minimum distribution (RMD) is the amount of money that must be withdrawn from a traditional IRA, SEP, or SIMPLE individual retirement account (IRA) by owners and qualified retirement plan participants of retirement age.

For 2020, RMDs apply to anyone who was at least age 70 ½ years old by the end of 2019 (for future years, the SECURE Act increased the RMD beginning age to 72). Typically, Read More >>