Wednesday, September 30, 2009

Tax Deadline Approaching October 15, 2009

This just in from Chamber Member Stanislawski and Company: If you filed an extension for your 2008 individual income tax returns – the due date to file is October 15, 2009.
The 2009 Required Minimum Distribution (RMD) has been WAIVED (and you don’t have to “make-up” for it in tax year 2010)! If you are over age 70½ you are usually required to take a minimum distribution from your employer-provided qualified retirement plans, IRAs and/or individual retirement annuities, but for tax year 2009 this has been waived. If you’ve already received your RMD you can return it by November 30, 2009 (and avoid paying the tax). To learn more about the 2009 RMD – see our September-October newsletter.
Stanislawski sends out a bi-monthly newsletter on many different tax and financial subjects, and you can contact them to be on this list. We also have other accounting firms and CPA's who are Chamber Members - perhaps you want to give them a call if you have questions. Find complete contact info online at http://www.southpaschamber.com/ in the section called "Find a Business". Or call your own accountant . . . and if they are not Chamber Members, ask 'em why not! Chamber Membership and Tax Deadlines make the world go 'round, right?
For help or more information from Stanislawski, visit their site at http://www.stanislawskiandcompany.com/. Go to Contact Us to be added to their newsletter mailing or to set-up an appointment.

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