The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), among other items, changed the requirement for minimum distributions from qualified plans and IRAs.
The Internal Revenue Service successfully opened the 2020 tax filing season on January 27th as the agency begins accepting and processing federal tax returns for tax year 2019.
Taxpayers who paid too little tax during 2019 can still avoid a tax-time surprise by making a quarterly estimated tax payment now, directly to the Internal Revenue Service.