Drake Software blog for tax pros, covering tax, IRS news, and more

IRS Reminds Retirees to Take Retirement Plan Distributions

On October 29, the IRS released part of their "Tax Preparedness Series" aimed at "taxpayers born before July 1, 1945," reminding them that the deadline for required minimum distribution payments (RMD) is December 31, 2015. The rest of the Newswire release addresses exceptions, including first-year RMDs and currently employed workers receiving excess accumulations.

To read the entire article, click here.

Source: Internal Revenue Service

admin taxing_subjects

The Taxing Subjects staff is proud to cover the latest in tax-industry-related news, from tax law and IRS updates to technology and business strategies. If you have questions about an article or just want to reach out to the Taxing Subjects staff, email comments@taxingsubjects.com.

comments powered by Disqus