Required Minimum Distributions (“RMD”) From Retirement Plans In 2022
The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) have made several important changes to required minimum distributions (“RMD’s”) which were effective in 2020, including the waiver of RMD’s and increasing the applicable age from 70 ½ to 72. Currently, no […]
Important Updates To The California Pass-Through Entity Tax
The Franchise Tax Board (“FTB”) has recently provided additional information and clarification on several important issues which we have summarized below on top of our last guidance dated 12/07/2021: Underpayment or overpayment of CA PTET – The full 9.3% must be paid on all qualified income by the original due date of the tax return […]
2021 4th Quarter Estimated Tax Reminder
This is a reminder that your 4th quarter estimated taxes are due on or before January 18, 2022. Please note that this is a general reminder, and if it does not apply to you because you are not required to make estimated payments or if you have already made the payments, please disregard this reminder. […]
