Some days, the responsibilities of maintaining IRA compliance can feel like a heavy lift. But it’s especially important to stay on top of withholding notice requirements. Withholding remains a key area of IRA compliance, and the costs associated with failing to timely provide withholding notices to clients can be steep.

The costs associated with failing to timely provide withholding notices to clients can be steep. Now is the time start preparing to mail your IRA owners their withholding notices—before many of them begin taking IRA distributions in January.