Payroll

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March 25, 2015 

Is Only One RMD Enough for IRA and 401(k) Holders?

This is no April Fool’s joke: After a taxpayer reaches age 70½, he or she must begin taking required minimum distributions (RMDs) from traditional IRAs and qualified retirement plans, like a 401(k), by April 1 of the following year. And then the ...

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March 18, 2015 

Answering the Most Common Obamacare Tax Questions

To help taxpayers, the American Institute of CPAs (AICPA) has provided a list of the most commonly-asked questions about the health insurance information reporting required by the Affordable Care Act on 2014 federal income tax returns.