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3 Things You Should Do Right Away If You Missed Extended Tax Filing Deadline
Did you miss the October 15th extended tax filing deadline? Ed Slott and Company IRA Technical Consultant Jeffrey Levine details 3 things you should do right away if you missed this important tax date.
Read moreDon’t Rely on the Financial Organization (IRA Custodian) to Track Your 60-Day IRA Rollover Period
When you receive an IRA distribution that is payable to yourself (a rollover), you have 60 days after you receive the distribution to complete a tax-free rollover. If you don't complete the rollover within that 60-day period, the IRA distribution is not rollover eligible, which means it’s taxable to you.
Read moreRuling to Remember: 60-Day IRA Rollover Requirement
In this month's Ruling to Remember, we take a look at Private Letter Ruling 201339002, submitted in late September 2012 as a waiver request to the 60-day IRA rollover requirement.
Read moreGovernment Shutdown: Are You on Furlough and Thinking About Taking an IRA Distribution?
If you are on furlough thanks to the government shutdown and thinking about taking a distribution from your IRA, here are some things you need to know.
Read moreSlott Report Mailbag: Can I Open and Convert a Non-Deductible IRA to a Roth IRA?
The Government Shutdown Could Cause You Tax Problems
For over a week now, the federal government has been partially shut down - what some news outlets have called a slim down - thanks to Congress' inability to come together on any sort of agreement that would have prevented, or at least delayed the issue at hand.
Read moreWhen NOT to Roll Over Your Company Retirement Plan Money to an IRA
When you switch jobs or retire, you are generally entitled to a full distribution from your company retirement plan funds such as a 401(k). You must be given the option to roll over those funds to an IRA. Certainly, a rollover to an IRA is a great decision most of the time. A direct rollover to an IRA is tax-free and keeps your retirement funds intact and growing on a tax-deferred basis.
Read moreRoth IRA 5-Year Rules, Same-Sex Marriage Retirement Plan Guidance, Paying for a 2010 Roth Conversion
Last week, America's IRA Experts descended on San Diego, California for our 2-Day IRA Workshop, Instant IRA Success. While we were in San Diego, we took the time to record some interactive, informational roundtables from the 30th floor overlooking the bay at the beautiful Grand Manchester Hyatt.
Read moreRoth IRA 60-Day Rollover Rules
Many times we get the question “Do the 60-day rollover rules apply to Roth IRAs?” The answer is, yes. We explain why in detail below.
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