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I had a client pass late in 2017, his minor son was primary beneficiary to his TIRA and Roth IRA....

Hello IRA Experts, I have a situation where individual had money in Roth 401k for more than 5 years (about...

Hello – just now realizing that in 2010, 2011, and 2013 I contributed money to a Roth IRA when I...

In many households, married couples divvy up the responsibilities; one will handle the bills and banking while the other cooks and does the grocery shopping, or one will do the laundry while the other manages the yardwork and house. This split often extends to annual income tax responsibilities, even in couples who use a professional preparer. However, when couples submit joint returns, both are jointly and severally liable for the information included in the return. That means if there’s an underpayment, both spouses are going to be liable for the debt.

I had a questioned about gifted IRAs. My husband and I max out our 401ks and IRAs. My mother works...

The year 1998 seems like a long time ago. In January 1998, Bill Clinton was in the White House and about to be impeached. The Unabomber was in the news and the Spice Girls were winning music awards. January 1, 1998 also brought us the launch of Roth IRA. However, unlike other ‘90’s memories, the Roth IRA is still going, stronger than ever. You may already be reaping the tax benefits of your own Roth IRA. Or, maybe you’ve hesitated to open one. The 20th anniversary may be the time for you to take the plunge. To celebrate the occasion, here are 20 Roth facts you need to know.

This is a 3 part question: 1. Clarification needed for an in service distribution of aftertax 401k to roth conversion:...

I can’t seem to find a clear answer on this but when a person removes an excess Traditional IRA contribution...

If someone had an LLC business in 2017, filing schedule c, and closed the LLC and business before year end...

This week's Slott Report Mailbag answers readers' questions about the tax consequences of substantially equal period payments and rolling a 401(k) into a single premium immediate annuity IRA.