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Tag Archive for: mandatory distributions

An Inherited IRA Can Boost Your Finances, But The New Finalized IRS Rules May Mean A Tax Headache

September 9, 2024

According to new, finalized IRS rules, if you inherited a retirement account in the past several years, it’s likely you’ll have to take distributions and pay taxes on all that money within 10 years. Before the new rule, heirs could “stretch” IRA withdrawals over their lifetime, which reduced yearly taxes.

Three Bad IRA Mistakes You Can Avoid

September 10, 2018

The money you save by avoiding IRA mistakes can make a big difference in your security and standard of living in retirement. CLICK ON THE HEADLINE FOR THREE BAD ONES TO AVOID

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IRS Extends April 15 Tax Deadline For Florida ResidentsApril 14, 2025 - 3:18 pm
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Do IRS Cuts Mean You Can Make Mistakes With Your Taxes In 2025? Some Taxpayers Think SoMarch 31, 2025 - 8:44 pm
Many taxpayers feel less concerned about errors on their taxes this year, given the cuts at the IRS and the overall perception of a disorganized federal workforce. However, despite the ongoing IRS staff reductions, experts caution taxpayers not to take risks with their returns.
Florida Residents Owed $61 Million In Unclaimed 2021 Tax Refunds, But Time Is Running OutMarch 24, 2025 - 4:51 pm
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Why Do I Owe Taxes This Year? Understanding The CausesMarch 17, 2025 - 6:30 pm
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IRS Warning: 7 Mistakes That’ll Mess Up Your Tax ReturnsMarch 10, 2025 - 7:43 pm
With just over a month left before Tax Day on April 15, the 2025 tax filing season is well underway. To make sure your return is processed smoothly, the IRS has issued a guide highlighting some of the most common mistakes you’ll want to avoid.
How Long Can The IRS Pursue Unpaid Taxes?March 3, 2025 - 8:18 pm
The IRS operates under specific rules, and understanding the timeline for tax collection is more complex than you might think. It’s crucial to know the details if you’re considering waiting out your tax debt.

Tag Archive for: mandatory distributions

An Inherited IRA Can Boost Your Finances, But The New Finalized IRS Rules May Mean A Tax Headache

Three Bad IRA Mistakes You Can Avoid

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