What to do by December 31st

12/15/2016 11:00
  • If you reach 70 ½ this year and you are the owner of a traditional IRA, make sure you have taken your required minimum distribution.

  • Have you moved? Tell the IRS your new address by filing form 8822.

  • Have you changed your name, due to divorce or marriage? Notify the Social Security Administration (SSA) to update your name.

  • Do you have an ITIN? Have you used it in the last 3 years? If not it will be expiring. Also if your number ends in 78 or 79 it will also expire on January 1, 2017. (An ITIN is different than a social security number)