Christmas 2024 Playlist
All of us at Cozby & Company want to wish you and yours a very merry Christmas! Take some time to kick back and enjoy this relaxing and nostalgic Christmas playlist.
IRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans by Year-End Deadline GalleryIRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans by Year-End Deadline
Compliance, IRS, Personal Finance, Personal Taxes, Planning Strategies, Retirement, Tax Tips, Taxes, Year End
IRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans by Year-End Deadline
This article was published by the IRS. The Internal Revenue Service is reminding those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act. Required minimum distributions (RMDs) are amounts that many retirement plan and IRA [...]
Establishing Paternity
Establishing "legal fatherhood," or paternity, is one of the most important things you can do for your child. You don't have to be the biological father to establish legal fatherhood; you simply need to be married to the birth mother at the time of the child's birth. If the mother is unmarried at her child's [...]
Healthcare FSA Reminder: Employees Can Contribute Up to $3,300 in 2025; Must Elect Every Year
This article was published by the IRS. The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to participate in an FSA can contribute up to $3,300 through [...]
Here’s What To Do if You Must Close Your Business
It's an unfortunate reality that some businesses must permanently close their doors. If this happens to you, there are some tax-related steps you'll need to take. Here's a quick checklist of some things to do: First, if your business is no longer operating, you still need to file all final tax returns for your business by [...]