Here in the heart of the tax season it is important to cross
your t’s and dot your i’s. How long have
those retirement funds been sitting in your account? They can’t stay there indefinitely. Generally speaking, you must begin
withdrawing funds from IRAs by the time you reach 70 ½ years of age. Roth IRAs are the exception.
Of course, the amount that you withdraw will be included in
your taxable income. That excludes any
part that was already taxed when it went in.
Calculating the proper amount to take and even more importantly WHEN to
take it might be something that you want a professional accountant to weigh in
on.
We know the right person for all of your tax preparation and
accounting needs. He is Las Vegas tax
preparer Mike Mathews. You will appreciate
his hard, detailed work as if the money were his own. You also will enjoy the serenity of his
office in The Lakes located at Regatta Drive.
Call him to make your 2017 tax preparation appointment at (702)
240-5237.
No comments:
Post a Comment