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Just doing some double checking and re-read this… INCREASED LOAN LIMITS AND MANDATORY DEFERMENT OF LOAN PAYMENTS For the 180-day...

A financial advisor contacted me about her client who had recently passed away. The advisor was legitimately concerned about a rollover check received by the now-deceased individual. It had not been deposited into his IRA prior to death. Was her client’s estate stuck with a taxable distribution? Could the financial institution refuse the rollover because the person was no longer of this earth?

I have a question about the proper drafting of documents and procedures to ensure that eligibility for the 10-year rule...

I am unable to find any instructions to reverse the 2020 RMD and how to report (what IRS forms?) the...

Or can the 10-year only be elected if owner died prior to RBD? Thanks!

Person overcontributed to their aftertax Roth 401k, exceeding IRS limits on total amount. Normally this is not an issue because...

Spouses have living trust and are co-trustees. Husband is thinking of creating a new Roth in 2020 using existing Roth...

A client took funds from an IRA, taxes were withheld, she rolled back the after tax amount. Can she roll...

It happens. You have made a 2019 contribution to the wrong type of IRA. All is not lost. That contribution can be recharacterized. While recharacterization of Roth IRA conversions was eliminated by the 2017 Tax Cuts and Jobs Act, recharacterization of IRA contributions is still available and can be helpful in many situations. Maybe you contributed to a traditional IRA and later discovered the contribution was not deductible. Or maybe you contributed to a Roth IRA, not knowing that your income was above the limits for eligibility.

I have paralyzed myself with indecision about what to do with my IRA. It has both taxable and non-taxable contributions....