Insights: 2019 ira contribution

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October 15 – Not Just the Last Day to File Your Tax Return

October 15 – Not Just the Last Day to File Your Tax Return

Although October 15 may not stand out as the date of a historic event or a celebrity’s birthday, it is well-known by many as the last day for filing federal...

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More time to make 2019 ira contributions

More Time to Make 2019 IRA Contributions

In a typical year, the deadline to file your federal tax return for the prior year is April 15 (unless you have a filing extension until October 15). So far,...

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The CARES Act

The CARES Act: Top 8 Changes It Brings To IRAs

On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law. The $2.2 trillion aid represents an unprecedented initiative to support the U.S. economy during...

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Form 5498

IRS Form 5498: What It Is and What The IRS Extension Means For Your IRA

IRA custodians must track all IRA contributions made throughout the year and generate IRS Form 5498, IRA Contribution Information, for each IRA to report contribution activity and the fair market...

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IRA Contribution Deadline Extended to July 15, 2020

2019 Tax Filing and IRA Contribution Deadline Extended Until July 15, 2020: Here’s What You Need To Know

As the U.S. government moves quickly to respond to the ongoing Coronavirus pandemic, there is some relief for taxpayers. On Friday, March 20, 2020, Treasury Secretary Steven Mnuchin announced an...

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RMD Strategies

Beginning at age 72 (or 70½ if you turned 70½ on or before December 31, 20191) IRA owners are required to take annual withdrawals from their IRAs– whether they need...

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