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Archives for January 2024

How Qualified Charitable Distributions can Fulfill RMD Obligations

January 5, 2024 by Nick Magone, CPA, CGMA, CFP®

When saving for retirement, tax advantages play a significant role. Traditional individual retirement accounts (IRAs) and employer-sponsored retirement plans such as 401(k)s offer tax-deferred growth, so you don’t pay taxes on the investment gains — as long as the money stays in your account. However, the IRS doesn’t want you to avoid paying taxes on […]

Filed Under: Business Taxes, Small Business

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