2020 RMD Recontribution Deadline!While you are not required to take a minimum distribution in 2020 due to the pandemic, some may have already done so. In case you weren’t aware, there is an option to put the money back into that same IRA or a new IRA and save tax dollars, if you have not done so already. Please contact your financial representative to discuss any paperwork needed. Act quickly as the deadline to do so is August 31, 2020!https://www.irs.gov/newsroom/irs-deadline-to-return-distributions-to-retirement-accounts-is-aug-31
If you are over 70, please read! 2020 RMD Recontribution Deadline
The Molen & Associates Difference
Request an Appointment Today
Recent Post
-
LLC vs S-Corp vs C-Corp: What Actually Changes at Different Income Levels
LLC, S-Corp, or C-Corp? The right entity choice depends on your income level and goals. Here's ho...
-
The Augusta Rule: How S-Corp Owners Can Rent Their Home to Their Business
The Augusta Rule lets S-Corp owners rent their home to their business for up to 14 days a year, t...
-
Trump Accounts: The Complete Guide for Parents and Grandparents
Funding officially opened on July 4, 2026 for Trump Accounts, the new child savings program creat...
-
When Your Business Needs a CFO (and When a Good Bookkeeper Is Enough)
Clean books and good decisions aren't the same thing. Here's how to tell whether your business ha...
Need Help With Your Taxes?
Having been in business for over 45 years has left us with no shortage of satisfied clients. But don’t take our word for it!
Call us: 281-440-6279