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If you are handling the affairs of an IRA owner who died last year, you need to be on the lookout for certain IRS reports that show IRA activity last year. Joe Cicchinelli walks you through the year-of-death reporting process.

I was eligible for my company’s SEP-IRA in June 2014. I did not open the SEP-IRA account until March of...

Can a marital trust with only the wife as immediate beneficiary but ultimate (at her demise )beneficiaries the children, qualify...

Good communication with your tax preparer is essential to make sure that your tax return is prepared correctly. Take these 2 Roth conversion tax scenarios as the perfect illustration of the necessity to communicate.

I converted $40K from a Traditional IRA into ROTH in October, 2014. Then I took a $15K distribution from ROTH...

This week's Slott Report Mailbag inquires about the new once-per-year IRA rollover rule as well as the tax implications on an IRA-to-Roth IRA conversion. As always, we recommend you work with a competent, educated financial advisor to keep your retirement nest egg safe and secure. You can find one in your area here.

Client has ESOP Company stock. Privately held company. Client takes a lump sum distribution, utilizing NUA treatment – company immediately...

We still get many questions on how a taxpayer should report a QCD (qualified charitable distribution) on their tax return. Jeffrey Levine takes you through the IRS Forms to use and what you should write on certain key lines.

If a client does a non deductible IRA and then converts it to a ROTH the same day (own no...

The April 15 tax-filing deadline is fast approaching. If you haven't yet filed your taxes, don't panic. You can request a six-month extension. Can you get the same extension to make a 2014 IRA contribution? This article provides that answer plus some helpful places to search online if you need a tax-filing extension.