RMDs for inherited IRAs clarified

For taxpayers that are the beneficiary of an IRA or other retirement account, The SECURE Act changed the Required Minimum Distribution (RMD) rules for inherited IRAs.  Under the new rules, there had been uncertainty pertaining to inherited IRA RMDs not clearly spelled...

Scam Alert Targeting Physicians

Watch out for a phone scam in which callers pose as agents or investigators for the US Drug Enforcement Administration (DEA) or the state Board of Registration in Medicine (BORIM). If you receive a suspicious call, don’t provide any personal info or agree to...

Planning for Your Child’s Summer Job

It’s a rite of passage for teens to get their first summer job.  Whether working in retail, hospitality, landscaping or another industry, make sure your child starts their employment off on the right foot using our tips below. Completing your child’s Form W-4...

SECURE 2.0 Revises Retirement Planning Opportunities

SECURE 2.0 Act, enacted at the end of 2022, revises retirement planning opportunities for taxpayers. Based on the 2019 Setting Every Community Up for Retirement Enhancement Act (SECURE Act), the law helps individuals better prepare for retirement and saving. The...