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With the possibility of higher standard deductions, I (79 y.o.) am thinking about using QCDs next year as a way...

Are you approaching retirement age and not looking forward to being forced to take unwanted required minimum distributions (RMDs) from your retirement account? You may be looking for a way to delay those distributions. You may have heard about the “still-working” exception, which can allow RMDs to be put off. Will this exception help you? Here are 10 things you need to know.

Received stock in kind as 401k distribution (while rolling over remainder of 401k to a TIRA). Value of stock: 80000...

The much anticipated Republican proposal for tax reform has been released in the form of the Tax Cuts and Jobs Act, an over-400 page long major rewrite of the Tax Code. It is sure to be controversial and subject to political dispute, and specific provisions are likely to change. Here's how the major provisions that most matter to helping your clients read now.

Have often wondered how to do this and if it is legal. Does the IRS really care if you don’t...

This week's Slott Report Mailbag looks into RMDs and spousal IRA beneficiaries.

Every year more Baby boomers move toward age 70 ½ and their first required distributions from their retirement accounts. For those boomers born between July 1, 1946 and June 30, 1947, you turned 70 ½ in 2017. You now need to take your first required minimum distribution (RMD) from your IRA accounts. Here are the basics of that first distribution.

My client is 74 years old. This year (2017) she will have net schedule C income of $40,000. She has...

If you inherit an IRA, especially if it is a larger one, you may be afraid of being stuck with the five-year distribution rule. If this rule applies, your IRA must be entirely emptied in five years which can be a serious tax hit. Fortunately, you are much less likely to be stuck with the five-year rule than you may think.

I am going to move and IRA with a 72T plan that was started back in June 2017, I have...