With the end of the year approaching, review these helpful year-end reminders…

Tax implications are complex when renting a primary residence…

It’s hard to believe that another holiday season is upon us. As we approach the end of the year, our team here at Kakenmaster & Associates begins to turn its focus to tax-time. To help our clients prepare for filing their 2019 tax returns and avoid unwanted surprises, we will be sharing several “Get Ready for Taxes” tips over the next several months.

Required minimum distribution (RMD) is the minimum amount you must withdraw from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account(s) each year. You generally must start taking withdrawals when you reach age 70½.

Do you have two homes in different states? Determining the state to which you pay income taxes can be quite complex.  States are becoming more aggressive in determining who should be filing a state income tax return in their state….