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Hello, I converted 2 separate IRAs into ROTH IRAs in 2010. I realized that I needed to recharacterize one of...

Hello, I made a big mistake. I thought that a ROTH IRA recharacterization request was similar to a ROTH conversion...

This week's Slott Report Mailbag includes questions on taking required minimum distributions from Roth IRAs (do you have to?), handling 401(k)s and Roth IRAs and using trustee-to-trustee transfers to set you up for retirement.

I have a client with a unique situation. He is an employee of an airline that went throught the bankruptcy...

Hello all. I am starting with a new employer and will be starting a SIMPLE IRA in 2012. This is...

Recently, we wrote about potential tax advantages available to individuals who receive lump sum distributions from employer-sponsored qualified retirement plans. Both articles confirmed that to qualify for either one of these provisions a lump-sum distribution must be received in one taxable year. This has prompted many questions on how lump-sum distributions are reported and taxed on an individual’s income tax return.

Ed Slott spoke with Morningstar's Christine Benz earlier this week about last-minute IRA tax tips, including choosing between a traditional IRA and Roth IRA contribution, the backdoor Roth IRA and Roth recharacterizations. The videos can be found below in their entirety. Ed Slott speaks about choosing between a traditional IRA and Roth IRA contribution in this video.

Was at Ed’s seminar in Hartford CT summer 2010 and converted a SEP IRA to 2 separate Roth accounts. Thought...

Most tax returns are done, 1099-Rs have been received, 2011 contributions have been made, and 5498s will be out by the end of next month (May). What's left to be done? Only the double (and triple) checking. Did you make a contribution in 2012 for 2011? Double check now to be sure the IRA custodian coded it as a 2011 contribution. Also double check that it went into the correct account, IRA or Roth IRA, your account or your spouse’s account, IRA or non-IRA account. Now is the time to fix any mistakes, not next year.

I want to get an automatic 6-month extension of time to file Form 1040. Is paying my estimated federal income...