See More: Resource Center
We offer several complimentary newsletters. Below are some examples of recently published articles, and the opportunity to subscribe to a newsletter (or two) that aligns with your interests.
If you’re 70½ or older, you’re required to take required minimum distributions (RMDs) from your traditional IRA (or IRAs) every year. Here are the requirements — including an extended April 1 deadline for taking RMDs for the year you turn 70½ — as well as details about a tax-free alternative that can satisfy the RMD rules for charitably inclined seniors.
Retirement plan loans can provide a boost of liquidity when plan participants need extra cash. But you must make timely payments on these loans. If you default, you are treated as receiving a taxable distribution equal to the outstanding loan balance. A taxpayer in a recent Tax Court case learned this the hard way. To add insult to injury, she was charged a 10% early withdrawal penalty on the deemed distribution. Here are the details.
Software, licenses, IT managers and upgrades can take a huge chunk out of your organization’s technology budget and generate a lot of frustration. But there’s a popular solution that can cut costs and headaches.
PATH and PVS appreciate the hard work demonstrated by Steve Kelin and Wendy Roldan in completing the tax returns in a timely manner.
Patti Pearce | Associate Director of Finance