Site search

Dear Alan, I have a client who has a $120K pre-tax balance in a Traditional IRA. He has no other...

Clients are beneficiaries of father’s estate. Father divorced clients’ mother in several years ago, and remarried. Father and second wife...

This week's Slott Report Mailbag answers readers' questions about changes in QCDs, Roth Recharacterization, Roth conversions, and NUA stemming from the Tax Cuts and Jobs Act.

Now that it looks like they’ve been spared from elimination in the most recent version of tax reform, it’s worth taking a look at nonqualified deferred compensation plans (“NQDC plans”). NQDC plans take different forms, including salary reduction arrangements, bonus deferral plans, excess benefit plans, and supplemental executive retirement plans. For some clients, this may be a way to defer a greater percentage of income than under traditional qualified plans. It is also a way to attract and retain key employees. These types of plans will be paired with traditional qualified plans to maximize tax savings.

Dad died at 75 in Oct 2017, but hadn’t taken RMD yet. Daughter named as beneficiary. How long the does...

I understand that you can no longer make contributions to a Roth or regular IRA during or after the year...

What does the new proposed tax law say regarding the time limit on when an IRA conversion to a Roth...

Based on the Final version of Tax Reform Bill released 12/15/2017, can a taxpayer recharacterize a Roth conversion done in...

This is the season for charitable giving. And this year, it is especially so for those who want to get the most tax benefit from charity deductions before new Tax Cuts and Jobs Act becomes law. The Act effectively reduces the tax-saving value of the charitable contribution deduction for many.

Client had their Estate as Primary bene of Trad IRA. He died at age 75. Client’s attorney wanted public record...