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Required minimum distributions (RMDs) must begin from most of your retirement accounts at age 70 ½. But it is not as easy as just looking at when you are 70 ½.

Is the value of an inherited IRA used determining the taxable amount of an IRA conversion. My client has no...

client is 56 yrs old, and retired from Federal as LEO , required to retire…due to 20 yrs. she did...

Did you make your IRA contribution for 2016? If you did, you may want to take some time now during tax season to be sure your contribution is an allowable contribution and not an excess contribution.

Parent dies at age 90 in late 2015 (after account onwer’s RMD had been distributed for 2015) and son inherits...

ALAN: HERE WE GO AGAIN. Lifetime Income Benefit $11,600 covers my RMD of $6700 (rounded figures). After doing QCD,s with...

If a taxpayer does a Roth conversion of existing IRA assets (all after tax money) today and then later this...

This week's Slott Report Mailbag looks into spousal contributions, IRAs, the IRS guidelines, and RMDs.

One of the most common questions asked during tax season is, “Do I have to file a tax return?” The answer, of course, is a bit complicated, but in general, if your income is equal to or greater than the sum of the standard deduction plus your personal exemption, you must file a return. The standard deduction is higher for those 65 or older, so age makes a difference in some cases.

Amounts can be rolled from an IRA to a qualified plan, provided that the qualified plan includes provisions that allow...