As 2010 draws to a close, we would like to wish our clients a Happy and prosporus New Year. In addition, be looking for you individual tax organizers in mail the first week of January.
5 Tax Surprises That Can Shrink Your Retirement Savings
Key Takeaways: RMDs become mandatory at age 73, and missing one can trigger a penalty of up to 25% of the required amount. A new temporary $6,000 deduction ($12,000 for joint filers) is available for taxpayers 65+ through 2028. Investment gains, pension income, and...