Keith Boyer's Blog

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Required Minimum Distributions (RMDs).

 

Taxpayers who have reached age 70-1/2 should be sure to take their 2015 RMD from their IRAs or 401(k) plans (or other employer-sponsored retired plans). Failure to take a required withdrawal can result in a penalty of 50% of the amount of the RMD not withdrawn.

Those who turned age 70-1/2 in 2015 can delay the first required distribution to 2016. However, taxpayers who take the deferral route will have to take a double distribution in 2016 - the amount required for 2015 plus the amount required for 2016.

 

ACA/affordable care act Form 1095-B
IRS notifying taxpayers “We changed your mailing a...
 
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