Proposition KK would levy a new 6.5 percent excise tax on gunsellers for all sales of ammunition, firearms and gun parts. The money would fund programs for crime victims and behavioral health support ...
The excise tax for a missed RMD has been reduced from 50% to 25%, with a possibility of the tax being as low as 10%. If you have been following my posts on required minimum distributions from ...
If you missed the deadline for taking your 2023 required minimum distribution from your inherited IRA, you owe the IRS an excise tax of 25% of the shortfall. If the deadline was missed because of a ...
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