Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. While the list below is a great start, the most important of these actions is keeping timely and accurate tax records. Top Considerations for Starting the 2023 Tax Year Right W-4 Updates Employed? If so, …
Beneficiaries
Is Your Will Up To Date? How About Your Trust?
When was the last time you or your attorney updated your will or trust? When did you last spend the time to even review those important documents? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date. A …
70-1/2 Or Older? Avoid An IRS Penalty By Taking The Correct Retirement Plan Distribution
If you are age 70-1/2 or older and have a traditional IRA, a 401(k), or a SEP IRA, the tax law requires you to take at least a minimum amount – referred to as the required minimum distribution (RMD) – from those accounts each year. The tax code does not allow taxpayers to keep funds …
70-1/2 Or Older? Avoid An IRS Penalty By Taking The Correct Retirement Plan DistributionRead More
