IRS Reminds Retirees to Take Retirement Plan Distributions
On October 29, the IRS released part of their "Tax Preparedness Series" aimed at "taxpayers born before July 1, 1945," reminding them that the deadline for required minimum distribution payments (RMD) is December 31, 2015. The rest of the Newswire release addresses exceptions, including first-year RMDs and currently employed workers receiving excess accumulations.
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Source: Internal Revenue Service