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I may be reading too deeply into the definition of a spouse as a “sole” beneficiary, but I wanted to...

Hello, I had a question concerning tax reporting of excess ROTH IRA contributions I made in 2020. I think I...

Hello, I bought the stock of a company that I worked for in 2000 and I bought 42 shares. The...

We continue to get questions about whether it’s wise to do a Backdoor Roth IRA or Mega Backdoor Roth IRA at this point, given the unsettled state of the Build Back Better (BBB) legislation in Congress. As background, the Backdoor Roth IRA strategy allows you to make an indirect Roth IRA contribution if your income is too high to qualify for a direct contribution. (The income phase-out ranges for 2022 are $204,000 - $214,000 for married couples filing jointly and $129,000 - $144,000 for single filers). You simply make a traditional IRA contribution and then convert it to a Roth IRA. (No income limits apply for making traditional IRA contributions, but you must have taxable compensation or earned income.)

Facts: Client age 60, retired December 2021. In Jan 2022 with 401k custodian client processed the following rollovers: 1. 3.7M...

Question 1: filing for excess contributions to Roth IRA for multiple years on 5329’s. They are all completed. Is it...

My understanding of stretch IRA rules is that, in calculating the first RMD on Table I, you use the bene’s...

My understanding of stretch IRA rules is that, in calculating the first RMD on Table I, you use the bene’s...

The “Martin Scenario”: Martin, age 40, has never done an IRA rollover before. He took a distribution from his traditional IRA in December 2021 for $10,000 and deposited it into his checking account. Martin took another distribution from his IRA in January 2022 for $50,000. He also deposited this into the same checking account.

Do you have to make all your pre tax 401(k) contributions before you can make after tax contributions? Can you...