IRS May Issue Millions Of Notices With Dates Wrong
I think the dumpster fires to get rid of the misdated notices will not be nearly as bad as those created by mailing them.
New August 31 Deadline To Return Required Minimum Distributions
There is not necessarily a right answer, but you want to consider what would be a tax rate that would cause you to want to liberate money from your IRA. This is not a computation you can do by just looking at the rate table. Reilly’s Sixth Law of Tax Planning – Don’t Do The Math In Your Head. The income tax is full of all sorts of thresholds and phaseouts that might affect your decision.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.