Fourth quarter is typically when we contact clients about satisfying their required minimum distributions (RMDs) from their IRAs & inherited IRAs ahead of the end-of-year deadline.

For those with inherited IRAs, keeping up with the most recent IRS guidance on required distributions is a little more complicated!

As many of you may know, in 2021, Congress enacted the Corporate Transparency Act – a new anti-money laundering law that requires action by most business owners.

Starting in 2024, many businesses will be required to disclose their ownership; this will be accomplished by filing a Beneficial Ownership Information (BOI) report with the Financial Crimes & Enforcement Network (FinCEN).