Steele, Joe and Steele, Rachel and Steele, Joseph to Steele, Rachel Nicole and Steele, Joseph Allen II, Parcels County.

Does everyone with earnings have to file a tax return? What about an elderly parent who gets a Social Security check but has no other income, or a teenager whose sole earnings are from occasional or seasonal part-time work?

Warwick, Charles W. and Warwick, Josephine to Chen, Lili, Unit 13-D, St. Kitts Sub., Ph. II, $70,300.

Millions of people who could possibly benefit from getting a check from the U.S. Treasury don’t. They are eligible to receive, in the words of the IRS, “the federal government’s largest benefit for workers,” the EITC (earned income tax credit).

No doubt, you’ve been reading about the SECURE Act’s impact on retirement accounts. The SECURE Act was passed in December 2019. Regulations have not been issued as of yet, so be sure to talk with your attorney or accountant before taking any action.

Westervelt, Jonathon Trustee and Westervelt, Christina M. Living Trust and Christina M. Westervelt Living Trust to Westervelt, Jonathon, Lot 22, Piedmont Pointe-Phase Two.

Last week, we talked about the law on required minimum distributions (RMDs) for 2019. As anticipated, the president signed the SECURE Act into law on Dec. 20. As a result, beginning in 2020, RMDs will be subject to some new rules. (If you would like a copy of my May 23, 2019, column on the S…

Stroup, Michael Wesley Jr. and Stroup, Amanda Cheryl to Collins, Joseph Jr. and Collins, Lydia W., Parcel 3, County, $202,000.

The SECURE Act, which affects retirement accounts, may be signed into law by the time you read this. I’ll update you next week. In the meantime, let’s talk about the law on required minimum distributions (RMDs) as it stands right now.

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