Information on Tax forms
As tax season approaches, here’s a quick guide reminding you when you’ll receive your account tax forms. Please allow 2 weeks after the dates below for your mailed forms to arrive.
Tax Form Timeline of Delivery:
IRA & Roth IRA distributions – tax forms delivered by January 31.
Non-Qualified accounts (distributions & gains) – delivered by March 15
If you have a Non-IRA account, wait until mid-March to file to avoid amended returns.
Strategies exist to reduce this delay — schedule a meeting to learn more.
Form 5498 – IRA contributions & rollover reports will be available by May 31. These forms are not required to file your tax return.
IRA & Roth IRA contributions – your deadline is April 15
Provide your accountant with your contribution info before April 15.
Want to make a prior-year contribution? Contact us before April 1.
We appreciate your patience as custodians finalize your documents. As always, reach out if you have questions or need help confirming contributions or rollovers.
RMD's (Required Minimum Distributions)
The IRS increased the Required Minimum Distribution (RMD) age to 73.
Beginning in late October, our team will review all IRA accounts for clients age 73 and older. If your RMD has not yet been satisfied for the year, we will contact you to ensure it is completed before December 31.
Please note:
Many custodians send out RMD notices, so if you have multiple IRA accounts, you may receive more than one notification.
You are not required to take RMDs from each individual account. You may take the total RMD amount from a single IRA or divide it among accounts in any way you choose.
If you’ve been with us for a few years and are over 73, your RMDs are likely set up to occur automatically.
If you have any questions about your RMD or would like to review your distribution setup, please don’t hesitate to contact our office.
You do not have to withdrawal or spend your RMD if you don't need it, it can be re-invested but it must come out of your IRA
Information On Tax Forms
As tax season approaches, here’s a quick guide reminding you when you’ll receive your account tax forms. Please allow 2 weeks after the dates below for your mailed forms to arrive.
Tax Form Timeline of Delivery:
- IRA & Roth IRA distributions – tax forms delivered by January 31.
- Non-Qualified accounts (distributions & gains) – delivered by March 15
- If you have a Non-IRA account, wait until mid-March to file to avoid amended returns.
- Strategies exist to reduce this delay — schedule a meeting to learn more.
Form 5498 – IRA contributions & rollover reports will be available by May 31. These forms are not required to file your tax return.
IRA & Roth IRA contributions – your deadline is April 15
Provide your accountant with your contribution info before April 15.
Want to make a prior-year contribution? Contact us before April 1.
We appreciate your patience as custodians finalize your documents. As always, reach out if you have questions or need help confirming contributions or rollovers.
RMD's (Required Minimum Distributions)
The IRS increased the Required Minimum Distribution (RMD) age to 73.
Beginning in late October, our team will review all IRA accounts for clients age 73 and older. If your RMD has not yet been satisfied for the year, we will contact you to ensure it is completed before December 31.
Please note:
Many custodians send out RMD notices, so if you have multiple IRA accounts, you may receive more than one notification.
You are not required to take RMDs from each individual account. You may take the total RMD amount from a single IRA or divide it among accounts in any way you choose.
If you’ve been with us for a few years and are over 73, your RMDs are likely set up to occur automatically.
If you have any questions about your RMD or would like to review your distribution setup, please don’t hesitate to contact our office.
You do not have to withdrawal or spend your RMD if you don't need it, it can be re-invested but it must come out of your IRA
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