December 31 is an important tax deadline for items such as Roth IRA conversions, Fair Market Valuations, and Required Minimum Distributions (RMDs). Please take note of the dates Equity Trust will be closed in honor of holiday observances:
November 26 (Thursday)
November 27 (Friday)
December 24 (Thursday) – open until 12pm EST
December 25 (Friday)
January 1, 2015 (Friday)
Equity Trust must receive all forms, documentation, or other paperwork in good order by December 1, 2015 in order to process your request by year-end. Requests received after December 1, 2015 may be subject to a $50 Expedited Processing Service Fee.
Expedited transaction requests must be received by December 15, 2015 in order to be processed by the end of the year - provided all forms, documentation, or other paperwork is in good order. Unfortunately, requests received after December 15, 2015 are not guaranteed to be processed by December 31, 2015.
Make sure your 2015 Required Minimum Distribution (RMD) is complete if you have a traditional IRA and are 70½ or older. If you’ve already completed your RMD, the end of the year can be a great time to think about ways you can possibly adjust the tax impact for future RMDs by considering a Roth conversion.
Take the opportunity to avoid some stress at what is often one of the busiest times of the year in your personal and professional life by addressing these important transactions early. If you have any questions or need assistance with completing a Roth conversion, Fair Market Valuation, or taking a Required Minimum Distribution, please contact our Client Service Team