A “net operating loss” (“NOL”) arises when the amount of a taxpayer’s business deductions for the current tax year exceed its gross income for the current tax. Prior to the enactment of the 2017 Tax Cuts and Jobs Act (generally...Read More
Consider the effect that required minimum distributions from your 401(k) Plan will have on your taxable income and you’re retiring at age 70 1/2 or older.
by taxblog | Dec 19, 2016
By: Deb Grace Are you age 70 1/2 or older and thinking about retiring in December or January? You may want to consider the effect that required minimum distributions from your 401(k) Plan will have on your taxable...Read More
Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.