IRS resources for a simpler tax season

With the large number of complex tax law changes during recent years, filing may seem even more daunting than in previous years, but the IRS has a vast number of resources that will make completing your 2021 Tax return much simpler. Some of the most useful IRS resources are: Choosing a Tax Professional Interactive Tax …

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Reviewing pandemic changes to required minimum distribution rules

At 72 years old (70 ½ if you turned 70 ½ before January 1, 2020), you are required to withdraw a minimum amount annually from your IRA or retirement plan account. This is known as a Required Minimum Distribution. If you continue working for your employer and are not a 5% owner, you can hold …

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