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My client passed away in January, 2023 at age 87.  The client had been receiving a pension from this employer...

QUESTION: I know you can delay taking your first required minimum distribution (RMD) until April 1 of the year after you turn age 73. If you convert your entire IRA into a Roth before that date, but after you turn age 73, do you still have to take your first RMD distribution? Or is no distribution required as the entire IRA is converted prior to April 1 of the following year?

Hi I have a situation where I accidentally rolled over my traditional 401k money into a roth IRA (about 45k)...

Three times a week, every week, we add to the Slott Report. Two article entries and a mailbag. All factual, measurable information. “This is what to consider when you name a trust as your beneficiary.” “How much can a sole proprietor contribute to a SEP account?” “This is how you fix an excess IRA contribution.” On and on it goes. All excellent, helpful material.

Hello: My wife and I are both retired. One of us have an earned income of about 11000. Other one...

After efiling our 2023 Federal tax return last week via TurboTax, I discovered that I had neglected to include information...

I’ve received K1s in the past. Since there were no distributions I didn’t report them on my tax return. I’m...

I am looking for a CPA to evaluate a situation where a taxpayer overcontributed to a SEP by about $150k...

On the topic of NUA, what happens to the LTCG on NUA value if the stock depreciates after distribution ?...

I have four retirement plans: 401k, Money Purchase, HR10 & an IRA. If turning age 73 this year, which plans...