SNA Taxes

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The Oct. 15 deadline is nearing for taking several important actions:

Filing 2024 returns on extension of individuals and calendar-year C corps, with the exception of tax returns for taxpayers in federally declared disaster areas, the due dates of which have been automatically extended by the Revenue Service. Taking these retirement-related steps: Making a 2024 contribution to a Keogh plan that was established before Jan. 1, 2025. Setting up a SEP-IRA for your business and depositing funds for 2024. Plus withdrawing excess IRA payins. Reporting foreign accounts for 2024 if you haven’t already done so. U.S. individuals must report overseas accounts if, in 2024, the total combined balance at any time in the accounts exceeded $10,000. E-file FinCEN Form 114 to report them.

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