If you’re over 70½ and are required to take distributions from your IRA or other retirement account, remember that you must take your 2015 RMD (required minimum distribution) by December 31. Otherwise you may face a penalty of 50% of the amount not taken. If the 2015 distribution is your first RMD, you have the option of waiting until April 1, 2016, to begin withdrawals.
RLH and its predecessors have been in operation since 1943.
RLH CPAs & Business Advisors, LLC
All Rights Reserved
© Copyright 2017 | Maryland Permit 801
SIGN UP TO RECEIVE OUR MONTHLY NEWSLETTER.
Receive Tax Tips and Latest News Directly In Your Inbox!
Website Design by
Crawford Designs, LLC