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My mother-in-law died last year from a long illness, with an IRA benefiting her estate, the residuary of which is...

I have never done a Roth conversion or recharacterization before. Based on what I’ve read, the following plan seems to...

As much as we like Roth conversions and encourage individuals to convert, we do realize that Roth conversions aren't for everyone. There have always been many factors to consider before doing a conversion. With the passage of the 2012 tax act on January 2, 2013 and with the healthcare surtaxes taking effect in 2013, there are now more factors to consider. We explain these below.

An employee a 40b plan I adminster passed away 11/15/2012. He turned 70.5 on 10/14/2012 but was still working and...

The questions are rolling in, as consumers are trying to make sense of the American Taxpayer Relief Act of 2012. Enjoy this week's Slott Report Mailbag!

On January 2, 2013 President Barack Obama signed the American Taxpayer Relief Act (ATRA) into law. Chances are this was pretty good news for you. Although the ATRA does create a new 39.6% tax bracket, this bracket is only expected to impact about 2% of all taxpayers. But just because your ordinary tax rate doesn’t increase in 2013 doesn’t mean you won’t pay more tax this year. In fact, most estimates show that anywhere between 75% and 80% of all taxpayers will pay more tax in 2013 than they did in 2012. Here’s a few reasons why that could be the case for you.

I have a client and his father as recently passed away. His father left his IRA to his wife which...

Massachusetts does not allow deductions for IRAs, SEPs, etc. creating an after tax issue at the state level. DO you...

The rules for operating an employer retirement plan are complicated and mistakes are sometimes made. Recently, the IRS released Revenue Procedure 2013-12 with information that updates the Employee Plans Compliance Resolution System (EPCRS) for addressing various retirement plan compliance problems.

The new tax provisions within the American Taxpayer Relief Act of 2012 make some subtle, if not substantial, changes to income tax rates, the top estate tax rate, capital gains rates for upper-income earners and more. Click to learn how these changes may impact you.