IRA Withholdings

What Bay Point Does

In September of each year, requests from your CPA the amount of state and federal withholdings that will be needed from your account.
Provides CPA with online access to tax-related information about your accounts, such as Realized Gains and Loss Report and Projected Income Report, so they can calculate estimated taxes.
Sends you a TD Ameritrade distribution form for your signature.
Submits the distribution form to TD Ameritrade with the required withholding amounts before year-end.

What the CPA Does

Calculates your estimated taxes or the safe harbor amounts that need to be withheld from your IRA.
Communicates these amounts to Bay Point.

What You Do