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Hello- I have a defined contribution plan with my employer with what I assume is a not-so-common feature. After we...

Hello from a newbie, I look forward to joining this group and gaining as much knowledge as possible. I have...

Hello, I have a couple who are clients and they would like to begin taking monthly distributions (72t) beginning May...

In 2014, the Tax Court in the Bobrow case ruled that the once-per-year rollover rule applies to all of an individual’s IRAs, not to each of their IRA accounts separately. The Court’s surprising ruling conflicted with a long-standing IRS position in earlier editions of IRS Publication 590 and in private letter rulings. Several years have now passed since this ruling, but there is still a lot of confusion out there about the stricter interpretation of the once-per-year rule. Here are 7 things you need to know to know about this rule that has tripped up many taxpayers.

HI, I deposited a check (2016 contributions) into my ROth IRA on April 18th 2017 at Scottrade and unfortunately did...

We have an Traditional IRA that we rolled over from a 401K. It has approximately $250,000 in it. We want...

Prior to the tax filing deadline a person makes a 2015 non deductible contribution to a Traditional IRA of $5,500...

This week's Slott Report Mailbag looks into still working exceptions, RMDs, and IRA transfers.

Congratulations! You’ve made it through yet another tax season. By now, you should have either filed your return or an extension. If you did the former, and actually filed your return, a three-year statute of limitations clock has begun to tick. This three-year period is generally the amount of time that the IRS has to examine your return via an audit, though there are some exceptions (such as when fraud is involved, in which case there is no statute of limitations).

Greetings, all. Situation is: ROTH owner died 8/2007. Beneficiary (non-spouse, non-relative) only later discovered their ROTH beneficiary status in 2017,...