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Self employed client – sole proprietor – only employee – wants to make 2014 contribution to existing IRA account. Called...

The last paragraph of this article has been raising some questions: http://www.advisorperspectives.com/newsletters15/Why_2015_Will_Be_the_Year_of_the_Roth.php To quote: “What truly is Earth-shattering is that,...

The client made an IRA contribution after age 70 1/2 for 2014. We caught their error and recharacterized that in...

A taxpayer went to IRS with the plea that the 60-day IRA rollover period came and went without activity due to her financial instability during a time of employment insecurity and other stressful experiences. What was IRS' response to the request for more time?

We are frequently asked how to take an undistributed RMD (required minimum distribution) for an IRA account owner in pay status who died during the year. So, should the RMD come out of the deceased owner’s account before or after it is re-titled as an inherited IRA?

I have rolled over part of my 401K to a Rollover IRA. I still have some left in a Stable...

This week's Slott Report Mailbag looks at a dilemma we see in many households: expected income exceeds Roth IRA contribution limits, so the family elects to open a Traditional IRA, only to see by year-end that the expected income fell under the contribution limits. Can this family convert the Traditional IRA money to a Roth? Also, we examine the process of taking a required minimum distribution on an account valued at zero, and answer an inherited IRA question about the proper way of distributing funds.

This question is regarding the reporting requirements for an institution when there have been automatic deposits made into a deceased...

Is there a dollar maximum contribution to a SIMPLE IRA for a self-employed person? The maximum salary deferral for 2015...

What if you could avoid 100% of the income tax on your IRA? Or at least reduce the tax to as close to $0 as possible? While a totally tax-free IRA may seem like something that only exists in your dreams, there are some circumstances in which it may be possible. Here's how to make your IRA dreams come true.