

Tax Tip Tuesday: Scammers Target Older Americans
The IRS says older individuals need to remain alert to aggressive and threatening phone calls by criminals impersonating IRS agents. The callers claim to be IRS employees, but they are not. These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. They may know a lot about their targets, and they usually alter the caller ID to make it look like the IRS is calling. The victims are told they owe money to the IRS and m


Tax Tip Tuesday: Important Date Approaching for Older Clients with IRAs and Qualified Plan Accounts​
A critical date is approaching for many clients who turned age 70½ in 2016. By April 1, 2017, these clients must begin making required minimum distributions (RMDs) from their traditional IRAs. (Lifetime distributions aren't taken from Roth IRAs at any age.) A participant in a qualified retirement plan must begin taking distributions by April 1st of the calendar year following the later of the year in which s/he reaches age 70½ or retires (except for 5% owners, who are subject


Tax Tip Tuesday: Upcoming Deadlines
Here are some important due dates that you don't want to miss. March 15th Calendar S-Corporation tax returns are due. Calendar year partnership tax returns are due. An automatic six-month extension can be requested for both types of returns. Contributions to pension and profit sharing plans for S-Corporations and Partnerships are due unless a six-month extension is requested. April 18th Calendar year C-Corporation tax returns are now due on April 18th this year instead of Mar