Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
5 year-end tax tips for clients: As the year draws to a close, investors should keep in mind their financial obligations to avoid certain consequences such as tax penalties, according to U.S. News & World Report. Mutual fund owners could face a huge tax liability from returns accumulated before the fund was purchased. For seniors, the deadline for making minimum distributions for retirement plans becomes Dec. 31 after the initial year of taking such distributions. -- U.S. News & World Report
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