December 10, 2021
Low angle building photo with the words "Internal Revenue Service" on the side of the building
WASHINGTON — The Internal Revenue Service today reminded retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by Dec. 31. Required minimum distributions (RMDs) generally are minimum amounts that retirement plan account owners must withdraw annually starting with the year they reach 72 or, if later,...
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Notebook with the words "Tax Planning" on it with a pen, a cup of coffee and a calculator on a desk.
What a year it’s been! So far, we have had to cope with a global pandemic, extreme political division, and a series of natural disasters—just to mention a few noteworthy occurrences. These events have complicated tax planning for individuals and small business owners. What’s more, new legislation enacted the last couple of years has had,...
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