Why you should think twice before claiming an income-tax extension. 'This is not the year to do your normal procrastinating.'
If the numbers don't match up with what the IRS is expecting on a given return, a taxpayer will receive a notice from the IRS, which further slows the process. Schultz said the better move for ...
2 Traditional IRA Quirks You Should Plan for Now
However, most accounts inherited since 2020 are now subject to the "10-year rule." The 10-year rule specifies that IRAs must be empty by the 10th year following the original account holder's death.
Before You Tap Your Retirement Account, Here’s What You Need To Know
Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of ...