2009 RMD’s SUSPENDED FROM QUALIFIED RETIREMENTS ACCOUNTS
A participant or beneficiary who doesn't need the money can skip the distribution in 2009, and pay ordinary income tax on the later distribution of the full (and perhaps fully recovered) value of the assets, or may benefit from taking and paying tax on a distribution in 2009, and then using the proceeds to buy back the same asset at the current low price.
It’s January, which means it’s time to start getting your tax information ready. In order not to miss out on tax-deductible expenses, review the checklist below and be sure to bring those items with you when you come in to our office.
