Upcoming compliance deadlines:

4/1*     Initial required minimum distribution for participants who attained age 70½ in 2016 (applies to qualified plans where the participant is at least a 5% owner and to IRA accounts)

4/15*   Deadline for corrective distribution of 2016 excess deferral failures

4/18** Deadline for filing of 2016 individual tax returns and making contributions eligible for deductibility

5/15     Deadline for filing 2016 Form 990, “Return of Organization Exempt From Income Tax”

* These due dates fall on a Saturday. The IRS historically hasn’t extended due dates for required disclosures, contributions or distributions.

** This date reflects an extension of the normal deadline, which falls on a Saturday this year. In addition, Washington D.C. celebrates Emancipation Day on April 16, which will be observed on Monday, April 17, 2017. Therefore, Tax Day is Tuesday, April 18, 2017.

© 2017