Site search

What happens if a taxpayer converts an ira to a roth IRA and files his 2010 return with the election...

As you may recall from previous articles appearing here, a provision in the Pension Protection Act of 2006 (PPA 06) allowed IRA owners and beneficiaries age 70 1/2 and older to make tax-free distributions of otherwise taxable dollars from traditional IRAs and Roth IRAs to qualified charitable organizations. Such distributions were also allowed to be made from SEP IRAs and SIMPLE IRAs provided no employer contributions were made for the same tax year.

I borrowed money from both IRA & ROTH IRA accounts in August 2009 and returned the full amount of money...

Taxpayer has two traditional IRA’s -1) contributory IRA with FMV of $18k and after tax basis of $18k. 2) Has...

we have a client that is on 72t distributions & converted to the RMD calculations…client’s 72t will end 6/2010. My...

The following paragraph was Point #4 in this recent bulletin: >>>>>>>>>>>>>>>>>> 4. Do I want to bequeath any of my...

An EE with the DOB of 6/18/1939 is still working for her ER (not 5% owner) has rolled all vol....

By David – for Allan Facts: 1. Client is converting several traditional IRA’s to 5 different Roth IRA’s, each with...

hi– are there any restrictions on PS plans to Roth conversion. I understand you first most go into an IRA....

Our client is an officially retired professor who is receiving his full annual salary for 5 years after his retirement...