Under federal tax law, adults who turned 70 during the previous year are required to take their first required IRA minimum distribution by April 1st of 2016. Not doing so could result in a hefty 50% tax fine on the amount that was not taken. This also applies to other retirement plans, depending on whether or not you're actively retired. Call Flower City Tax in Rochester for expert assistance on retirement account and IRA tax preparation.
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April 1st - Request your Extension by this data
April 15th - All Personal, Partnership and Fidiciary returns are due.
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Flower City Tax & Accounting
31 Erie Canal Drive
Suite F2
Rochester, NY 14626
31 Erie Canal Drive
Suite F2
Rochester, NY 14626
Phone: 585-663-8210
