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A client (54) just retired. She rolled over her entire 401k to and IRA. Fidelity sent her a seperate check...

Even though Hurricane Sandy occurred in late October 2012, its effects are still being felt. The IRS issued several news releases describing the postponement of certain tax-related deadlines for victims affected by Hurricane Sandy. These postponements also apply to IRA and other retirement plan deadlines. The relief applies to many counties in New Jersey, New York, and Connecticut.

I have a client in a Savings & Profit Sharing Plan. The bulk of the money is pre-tax. With the...

Hello, I’ve reviewed the matter of having a conduit or discretionary trust as beneficiary of a client’s IRAs (in aggregate...

The IRS updated Publication 590, Individual Retirement Arrangements (IRAs) For use in preparing 2012 Returns. This publication is a good source of basic information about Traditional and Roth IRAs, simplified employee pension (SEP) plans, and savings incentive match plans for employees of small employers (SIMPLE) IRA plans. Pub 590 contains a section called “What’s New for 2012.” See some of the notable changes below.

Mom died in 2001 and leaves Roth to daughter. Daughter takes no RMDs but just now has become aware she...

This week's Slott Report Mailbag talks about how (if at all) the new tax law affected Roth conversion planning, as well as a look at Roth IRA rollover rules and the ways you can withdrawal 401(k) money early without penalty (can you do that?).

In the 2012 publication 590 on page 37, left hand side near the top, there is a section with the...

OK…I received a tremendous amount of help on my last series of questions about the conversion and recharacterization process. I...

Whether you won or lost on Super Bowl Sunday, your gambling wager has tax and IRA planning consequences. Super Bowl XLVII was held in New Orleans this past Sunday. After San Francisco played a “lights out” second half after the lights went out, the Baltimore Ravens held on to win the game 34–31. Although Baltimore won the game and got to raise the coveted Vince Lombardi trophy, it wasn't the only winner this past weekend. In fact, millions of Americans became winners themselves as a result of legal and illegal gambling.