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FACTS: Client age 60 401k after-tax contribution balance $45,000 401k earnings on after-tax contributions $15,000 401k Total Value $1,000,000 401k...

401k participant has appreciated company stock Separated from service in 2021 He took (in 2021) a distribution of dividends (from...

I understand a full liquidation of the 401k must be completed with in a year after moving company stock into...

I took advantage of the option to roll pre-tax contributions made to a TIRA into my employers 401k (they allow...

Feedback is asked of the following summary below and its feasibility. A client has 1.4 million dollars in a 401(k)...

The LLC partnership established a SIMPLE IRA for 2021. Partners are not paid via payroll and are given Guaranteed Payments....

The rollover rules can be especially challenging at the end of the calendar year. If you took a distribution from your IRA at end of 2021 and are considering a rollover in 2022, here is what you need to know.

We have a client who is looking to terminate their 401k plan (last contributions to the 401k plan was Jan...

72(t) payments have suddenly become a better deal for IRA owners and company plan participants. Also known as “substantially equal periodic payments,” 72(t) payments are advantageous because they are exempt from the 10% early distribution penalty that usually applies to withdrawals before age 59 ½. You can take them from an IRA at any time, but only from a workplace plan after leaving your job.

Question: Hello. Thanks in advance for fielding my question. My mother died in 2021 in her 90's. She was using $100,000 of her traditional IRA RMD as a QCD. In order to fulfill her 2021 charitable commitments, I did a QCD after her death. Because I am not 70 ½ yet, my CPA tells me I need to include the IRA withdrawal in my income and take a charitable deduction because the assets had already moved to my inherited IRA account. Is this correct? Is there an exception I am missing here? Thanks!