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
Category: taxable income
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 GraceAre 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
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