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Advisor Insights

Prepping Clients for COVID-19 Tax Season

Here's how to address upcoming taxes for a variety of client situations.

The coronavirus brought major changes to our lives. And, if you're one of the lucky ones, the worst of it has been isolating, missing vacations, and staying cooped up at home.

Of course, the COVID-19 pandemic had--and continues to have--a disruptive impact on businesses and employment. That is about to spill over into this year’s tax season for many clients. In some cases, your clients will need to free up a meaningful amount of cash for higher taxes due.

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