Clients should act now if they want to avoid taxes on recent RMDs

Clients should act now if they want to avoid taxes on recent RMDs

With the passage of the American Taxpayer Relief Act of 2012, Congress extended for 2013 the option for IRA owners over the age of 70½ to make tax-free distributions from an IRA, if those funds are directed to a qualified charity. However, time is running out to take advantage of a new retroactive provision that