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Sammie Binning, CPA, has written the following article for the Greater Concord Chamber of Commerce, Chamber Review Newsletter.

Planning ahead for tax cuts and job act expirations

Gentle Readers,
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This is likely my shortest missive of all time. Don’t dismay: if I survive the April tax deadline (and I always do), I’ll be back with long and windy articles with breathtaking insights and commentary. However, today my message is short and sweet.

You must return the signed Form 8879 before your tax preparer can file your return!! 
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Shauna Ferguson, CPA • 

​At what age do you have to start taking required minimum distributions (RMDs) from your IRA or retirement plan (401K or 403(b))?
 
Have you heard about the Setting up Every Community for Retirement Enhancement (SECURE ACT) tax legislation? Effective January 1, 2020, the SECURE 1.0 Act raised the minimum age for RMDs from 70 ½ to 72. But wait… that’s not all; then came along SECURE 2.0 which raised the age required to start your RMDs to 73 years of age, beginning on January 1, 2023. The RMD age is again being raised on January 1, 2033 to 75 years.

​As we quickly approach the deadline for filing 1099-MISC or 1099-NEC, it is time to consider whether your business is ready to file.
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Emma Toma & Becca Mitchell  • 

Imagine you're about to embark on a journey through the maze of taxes, and you've decided to bring along a guide – a tax professional (or accountant) to help you navigate. 
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