Site search

Client is 70 1/2 this year so is looking at making RMDs from his IRAs and Single 401(k) plan. He...

Good Afternoon A couple of questions regarding farm income Does an indiviudal that has farm income have to report it...

This week's Slott Report Mailbag includes questions on the always-complicated Roth IRA 5-year rules and the pro-rata rule. As you can see, this is just the tip of the iceberg when it comes to IRA planning rules.

Ed Slott and Company IRA Technical Consultant Jeffrey Levine discusses 3 financial and retirement planning keys you should discuss with your impending spouse as your wedding nears. Jeffrey talked about these keys in the IRAtv YouTube video below.

Hello, 1A. To the extent an IRA owner has begun taking RMD’s, and the IRA is being left to a...

I have submitted (by mail) my 5329 forms to the IRS with letter to waive any penalty.I await a reply...

The IRS issued a News Release (IR-2013-43) that gives a three-month tax filing and payment extension to Boston area taxpayers and others affected by the bombs at the Boston Marathon on Monday, April 15th. The new deadline is July 15, 2013.

Plan’s Big Mistake
Leads to Big Tax
Problems for
Participant
• CCA 201313025
Released March 29,

For IRA distribution purposes, all IRAs (except Roth IRAs) are considered one big giant IRA. It doesn’t matter if you have one IRA that was rolled over from a former employer, and one SEP IRA with your current employer, and one contributory IRA where you put annual contributions, and one after-tax IRA where you put contributions for which you do not take a deduction. All four IRAs will be considered one IRA any time you take a distribution.

Background: I am a forty plus year employee of a major US Company looking at my retirement options relative to...