Archives for November 2016

New Deadline for 1099’s | Rice County, Minnesota

Q:  I heard the IRS changed the due dates of the 1099’s.  I thought they were always due on January 31st, so what changed? A:  W-2’s and 1099’s were always due to the recipients by January 31st, but, this year, they are also due to the IRS and SSA.  This means that they have to […]

Just in case you missed it… “New Tax Return Due Dates!” | Rice County, Minnesota

Q:  I heard the IRS changed the due dates of our tax returns this year, is that correct? A:  Actually Congress changed the due dates by the PATH Act (Protect Americans from Tax Hikes) of 2015, but, YES, returns are due earlier.  The new deadline dates for returns are as follows: January 31st due to […]

I’m Still Working. What’s My RMD? | Southern Minnesota

I get this question frequently.  Many of us are looking at working beyond the age of 70 1/2.  What required distributions (RMDs) do you have to take if you continue working? If you are participating in the retirement plan where you work, and–if the plan allows–you do not have to take any RMD from that […]