Semenza Accounting & Tax Service, PLLC

07/16/2026

06/07/2026

June 15th, 2nd quarter Estimated Tax is Due.

01/07/2026

If you are following the Mail Box rule, don't make the mistakes listed in the article.

Due to operational changes at the Postal Service, the agency says there will be more delays between when you mail something and when it gets postmarked.

12/18/2025

Required Minimum Distributions

Required Minimum Distributions (RMDs) are minimum amounts you must withdraw from your IRA or retirement plan account when you reach age 73.

You’re not required to take withdrawals from Roth IRAs or from designated Roth accounts in a 401(k) or 403(b) plan while the account owner is alive.

RMDs from an IRA

You can meet your RMD requirement by taking a withdrawal from one or more of your IRAs or SEP, SIMPLE and SARSEP IRAs. It’s not necessary to take a withdrawal from each of your IRAs, but your total taken across all IRAs must be at least equal to the total RMD due.

You are required to take RMDs beginning at age 73 from traditional IRAs, SEP, SIMPLE and SARSEP IRA plans, even if you’re still employed.

RMDs from a retirement plan

To satisfy the RMD requirements in a retirement plan, you must take RMDs separately from each of your retirement plans. If you reached age 73 in 2025, your RMDs must begin by April 1, 2026, or April 1 following the year you retire, whichever is later.

If you’re still employed by the plan sponsor, and not a 5% owner, your plan may allow you to delay taking RMDs from that workplace retirement plan until you retire.

Beneficiaries of IRAs and retirement plans are subject to RMD rules. Beneficiaries must take RMDs or be subject to a 25% excise tax on the amount that should have been distributed but was not.

For more information and future updates, visit IRS.gov/rmd and review Publication 590-B, Distribution from Individual Retirement Arrangements (IRAs).

Review the required minimum distribution rules for certain retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs and 401(k) plans.