Tax

Tax Deadline3

16 Jan January 31

All Businesses: Give annual information statements (IRS Forms 1099) to recipients of certain payments you made during 2017. Payments that are covered include the following: compensation for workers who are not considered employees; dividends and other corporate distributions; interest; rents; royalties; profit-sharing distributions; retirement plan distributions;...

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Tax Deadline3

02 Jan January 16

Individuals: Make a payment of your estimated tax for 2017 if you did not pay your income tax for the year through withholding (or did not pay enough in tax that way). Use IRS Form 1040-ES. This is the final installment date for 2017 estimated tax....

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Case Study

14 Dec Win with a Roth IRA Reversal

Individual retirement accountants (IRA) mainly come in two broad categories: traditional and Roth. Traditional IRAs may be funded with pre-tax or after-tax dollars and are often funded largely with pre-tax dollars. Withdrawals of pre-tax money and earnings from the IRA are taxed at ordinary income rates....

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