Chances are your bank or broker will notify you of any required minimum distributions from your IRA, etc., but that doesn't mean you shouldn't check on your own. There's a substantial penalty for failing to do so--50% of what you should have taken. Check before the end of the year.

If you have any questions about the tax law changes, business tips, or how to become a client, please call us at 954-591-8290 or use our Contact form.