Important IRA Deadlines Coming Up!

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September 30th

  • Deadline to determine the designated beneficiaries for an inherited IRA.

October 1st

  • Deadline to establish a Simple IRA Plan for 2014.

October 15th

  • Deadline to recharacterize your excess or unwanted 2013 IRA contributions.
  • Deadline to correct any excess 2013 Health Savings Account contributions.

October 31st

  • Deadline to submit a copy of all qualified trust documentation to the IRA trustee, custodian or administrator when a trust is the beneficiary of an inherited IRA.

November 2nd

  • Deadline for employers to submit their Simple IRA plan notification to maintain a plan for 2015.

December 31st

  • Deadline for taking a regular RMD for 2014 -this applies to both IRA owners and IRA beneficiaries.
  • Deadline for multiple IRA beneficiaries to take advantage of the separate account rule.

 

Source: www.irs.gov

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