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We have a client who inherited her husbands IRA and kept it in a bene IRA. The wife now passed...

Hello, I have a client who rolled over her 401k from her previous employer. It took her a couple of...

The IRS has recently added a new reason for self-certification of late rollovers to its list. Revenue Procedure 2020-46 modifies the list of reasons to include an IRA or company plan distribution made to a state unclaimed property fund and later claimed by an IRA owner or plan participant. Rev. Proc. 2020-46 is effective as of October 16.

Hello, Thanks in advance for any help with this – I’m having trouble finding an answer on this online or...

Please help. We live in California. My husband sadly passed away. When he set up his IRA no body made...

I found this and not sure I understand and hope you can clarify… 10-year rule specifics: When it applies, the...

We continue to get questions about the limits that apply for folks who participate in multiple company savings plans at the same time or who switch jobs in the middle of the year. What’s confusing is that there are two limits – the “deferral limit” and the “annual additions limit,” and you need to comply with both. Deferral limit. The deferral limit is based on the total pre-tax and Roth deferrals (but not after-tax contributions) you make to ALL your plans for the year. The limit is indexed periodically and for 2020 (and 2021) is $19,500, or $26,000 if you’re age 50 or older by the end of the year.

Client has a traditional 401K where employer allows in-service distributions of non-deductible contributions. They also keep separate accounts for the...

With a president-elect Joe Biden heading to the White House, estate and gift tax exemptions could be on the chopping...

Hello, I was wondering if I could get your feedback on the following scenario: Q. Bob owned his own business...