We are a Certified Public Accounting firm specializing in tax services for individuals, businesses, trusts, estates and nonprofits. If your business is a corporation, partnership, LLC, or S Corporation we can help. We offer personalized services yet have a wealth of experience to draw on to help you grow your financial future. Our firm was established in 1982 and we have a great team.
Trina Hoekstra, CPA, Ginger Wang CPA, Ruey, Sharon AND Helen are to help you. Find us on Facebook.
Trina Hoekstra, CPA, Ginger Wang CPA, Ruey, Sharon AND Helen are to help you. Find us on Facebook.
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If you are 70 1/2 or older, don't forget to take your required minimum distribution for the year as there are penalties if you don't.
If you are retired, but younger than 70 1/2, consider taking distributions from your retirement accounts.
By paying some tax on the distribution now, you may avoid paying higher taxes later when you have to follow the minimum distribution rules.
This is complicated and in addition there are new tax laws.
The SECURE ACT changes the age on which the required beginning date for required minimum distributions is based, from the year in which the employee or IRA owner attains 70 1/2 years to the year in which the employee or IRA owner attains 72 years.
If you are retired, but younger than 70 1/2, consider taking distributions from your retirement accounts.
By paying some tax on the distribution now, you may avoid paying higher taxes later when you have to follow the minimum distribution rules.
This is complicated and in addition there are new tax laws.
The SECURE ACT changes the age on which the required beginning date for required minimum distributions is based, from the year in which the employee or IRA owner attains 70 1/2 years to the year in which the employee or IRA owner attains 72 years.
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