The Slott Report
This Week’s Q&A Mailbag: Excess IRA Contributions and RMDs for Inherited IRAs
This week's Q&A Mailbag answers reader questions on excess IRA contributions and RMDs for inherited IRAs.
12 Ways the IRS Website Can Help You Reduce Your Taxes and File Your Return
The IRS website provides a host of free resources that can help minimize your tax bill and manage your taxes all year round. Yet, most taxpayers are unaware of them. Here are a dozen of the best.
Understanding the Pro-Rata Rule
This Week’s Q&A Mailbag: Roth IRA Contributions and Distributions
This week's Q&A Mailbag answers reader questions on Roth IRA contributions and distributions.
IRS Releases Modified Inflation Adjusted Items
The Tax Cuts and Jobs Act revised the way inflation adjusted numbers will be calculated by IRS. The Act now mandates that these numbers be calculated using chained CPI. IRS has gone back and recalculated inflation adjusted amounts for use in 2018.
5 Roth IRA Facts That May Surprise You
Do you think you understand all the rules that govern your Roth IRA? Not so fast! There are many misconceptions as to how these complicated accounts work. Here are 5 Roth IRA facts that might surprise you.
This Week’s Q&A Mailbag: SEP contributions, RMDs, and Inherited IRAs
This week's Q&A Mailbag answers reader questions on SEP contributions, RMDs, and Inherited IRAs.
Bitcoin as an IRA Investment: 6 Things to Know
Bitcoin is receiving a surge of publicity as a possible IRA investment, and a number of new firms have recently started targeting the "Bitcoin IRA" market. Read about six things to know when investing IRA funds in Bitcoin.
Using the Disclaimer as an Estate Planning Tool
If you’re like me, when you first read the qualified disclaimer rules, the phrase comes “must be nice” comes to mind. And while it’s true these rules are used more often by wealthier Americans, anyone can incorporate them into their estate planning as a tool to make last minute changes. In fact, disclaimers can be a valuable postmortem planning tool giving beneficiaries one last opportunity to divert a bequest to accomplish family goals, such as tax savings.