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The Tax Court recently ruled that the new SECURE 2.0 statute of limitations (SOL) on the 6% excess IRA contribution penalty is not retroactive.

How do i give charitable contribution from my IRA account as QCD to be counted towards RMD for 2024? what...

I am trying to identify ways to reduce my 2023 taxes because I converted too much from a IRA to...

Can you please explain what appears to be a contradiction below? below is an excerpt from first page of the...

TEFRA notice requirement for disclosure of withholding options reads that the disclosure is to be sent, “at the time of...

Hi I inherited a TIAA after tax annuity from my father in 2022. TIAA is dispering the payments over my...

Year after year, many of the same IRA errors happen again and again. Based on the volume of times these mistakes occur, it seems appropriate to create a short list of repeat offenders…and offer some advice on how to properly move forward. In no particular order, here is a handful of common IRA mistakes, along with the proper corrective measures.

Mary’s husband, Ed died and she inherited his Roth several years ago before tax law changes and was taking RMD’s...

Mary’s husband, Ed died and she inherited his Roth several years ago before tax law changes and was taking RMD’s...

We have covered in The Slott Report the new SECURE 2.0 provision that allows unused 529 plan funds to be rolled over to Roth IRAs. It originally appeared that this new rule was to be effective for 2024. However, the IRS has now said that rollovers done before April 15, 2024 can count as Roth IRA contributions for tax year 2023 if the 529 beneficiary has not already maxed out on his 2023 IRA contribution limit.