Site search

Employee was hired at interim position at age 71 and left during same calender year so there is no 12/31...

Hello, A client wants to rollover after-tax contributions to a 401(k) to their IRA. How are these after-tax dollars tracked...

If you are an IRA owner or an IRA beneficiary, you will have to make a federal income tax withholding choice when you take a distribution. The reason you have to make a withholding choice is because IRA distributions are taxable. In most cases, the withholding election is built into the withdrawal form provided by the custodian. You can be penalized for underestimating your tax liability.

Inherited IRA bene needs to start taking their RMD no later than the following year of death, correct? If the...

Hello, If an individual passed away earlier this year who had not begun RMD’s (younger than 70 1/2) and whose...

This week's Slott Report Mailbag comes to you live from the Arizona Biltmore Resort and Spa and our Fall 2012 Master Elite and Elite IRA Advisor Group Workshop. We answer questions about rolling before-tax and/or after-tax money to an IRA, non-governmental 457(b) plans and rolling money to an IRA during bankruptcy.

This is off the topic of IRAs but I cannot find an authoritative answer and wonder if someone can help?...

Mr. President, As part of the campaign process for your bid to seek a second term in the White House, you recently released a copy of your 2011 tax return. Purely to satisfy my own curiosity, I decided to review the return, as well as the tax return of your challenger, Governor Romney.

The Slott Report's Election Week 2012 coverage is coming to a close, just as a "mega" storm has its eyes set on the Northeast and Election Days is just 11 days away. We hope you refer back to our coverage all week to determine what IRA, tax and retirement planning issues you should read up on before the Election and watch out for no matter who comes out victorious.

The tax code allows a taxpayer to plan his financial affairs so as to pay the least amount of tax that is legally owed. This allows individuals to take advantage of favorable tax provisions. But the lack of bipartisanship engaged in by Congress is making it harder and harder for individual taxpayers to plan effectively. Congress does this by delaying the passage of key tax provisions until the end of the tax year.