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After reading Ian Berger’s informative article on Top Hat plans, I have this question: If an employer contributes to an...

I understand that recharacterizations of Roth conversions are impermissible for 2020; however, are recharacterizations of Roth contributions permissible after a...

Does a Roth Conversion need to be fully completed by the end of the year. Or if you take an...

ran a scenario for client, MFJ , both participate in employer pension, AGI before Roth Conversion was 110,000, Roth conversion...

Top IRA Rulings of 2020

• Three Stars for SECURE
• Fiduciary Income Tax Experts ρ Lifting Life Insurance
• Relying on Roth
• Matters of Trust
• SECURE Strategies
• IRS Actions
• Court Cases
• Private Letter Rulings

Summary of Key Rulings

 

One year ago from yesterday (December 20, 2019), President Trump signed into law the SECURE Act. At that time, virtually no one had heard of the coronavirus and certainly very few (if any) could have foreseen the global pandemic that’s still very much with us.

Husband converted IRA to Roth IRA that was established over 5 years ago. Husband passed away in 2019 at the...

Facts: Client made a $600 contribution to Roth account in 2019. Client filed MFS with income greater than $10K. The...

We both (spouses) converted a modest sum from Pretax 401K to Roth 401K early 2020. Then COVID hit and election...

With little more than a week left to take tax-friendly withdrawals from individual retirement accounts and 401(k)s under the Cares...