Randall & Hurley, Inc.
EPIC Retirement Plan Services
Loren D. Stark Company
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|IRS Tax Preparedness Series: Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31|
Internal Revenue Service [IRS]
Oct. 29, 2015
"The [IRS] today reminded taxpayers born before July 1, 1945, that they generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.... An IRA trustee must either report the amount of the RMD to the IRA owner or offer to calculate it for the owner. Often, the trustee shows the RMD amount on Form 5498 in Box 12b. For a 2015 RMD, this amount is on the 2014 Form 5498 normally issued to the owner during January 2015."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|