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Monthly Archives: May 2021

RetireP

Recent Changes To Retirement Plan Distribution Rules

By Ronald Cutler, P.A. |

Under the federal tax code, retirement plan account owners are usually required to begin taking required minimum distributions (RMDs) when they turn 70 and one-half or 72 years old, depending on their birth date and when they retired. Not all retirement plans require RMDs, but many do, including traditional employee pensions and 401(k) plans…. Read More »

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Tips For Avoiding An IRS Tax Audit

By Ronald Cutler, P.A. |

Tax audits can be time-consuming and stressful, so it’s in most of our best interests to avoid them when possible. Although there’s no way to guarantee that you won’t be audited, taking certain simple steps can significantly reduce your odds of review. If, however, you have already received notice of an impending audit, you… Read More »