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I have a client with 1,200,000 in a 403b. 200,000 is after tax. I understand distributions to the client would...

If someone has only one IRA and converts all 15k of the entire Traditional IRA and it is all non-deductible...

Qualified Charitable Distributions (QCDs) are now a permanent part of the tax code. They allow individuals who are at least 70 ½ years old at the time of the transfer to directly transfer IRA funds to a qualifying charity. The individual gets no charitable deduction for these contributed funds, but, they do not have to include the funds in income. It is as if they completely disappear. It’s even better than investing with Bernie Madoff! But wait, there’s more. The QCD transaction can also satisfy a required minimum distribution (RMD) for the year. QCDs are capped at $100,000 per year, per IRA owner.

My wife and I have separate Living Trusts that pass the trust assets to the surviving spouse and then to...

I overcontributed by $5500 for tax year 2016 and have until the tax deadline which is in a few days...

My mother passed away in August 2016. She left an IRA with her 4 children as beneficiaries. One of the...

This week's Slott Report Mailbag looks into Casualty Theft, IRS rules, Medicare, and Roth conversions.

When a worker over age 70 ½ terminates employment to move to another employer, and in the process moves the...

I am familiar with IRS Notice 2014-54 which allows after-tax 401K contributions to be moved to a Roth IRA. However,...

I have a client that will still be working for the company (he is 72), but would like to take...