Hot off the Presses: IRA Rollover Rule Changes Coming
As you may know, a recent Tax Court opinion, Bobrow v. Commissioner, T.C. Memo. 2014-21, held that under the one-per-year rollover rule, all of an
Advisor Retirement Planning Resources
Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
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When you Miss The RMD Deadline
If you missed the deadline for taking your required minimum distributions (RMD)s, you will owe the IRS an excess accumulation penalty of 50 percent of
Roth Funding Options- Contributions and Conversions
There are several options for adding amounts to your Roth IRA. The following are two of these options. 1.You can make a Roth IRA contribution
2013 IRS Publication 560 Issued
The IRS has issued Publication 560, Retirement Plans for Small Business, for use with 2013 tax returns. This publication discusses retirement plans that small business
2013 IRS Publication 590 Issued
The IRS has issued Publication 590, Individual Retirement Arrangements (IRAs), for use with 2013 tax returns. The following are some announcements/changes included in 2013 IRS
Form 1099-R and rollovers
IRS Form 1099-R is used to report distributions that occur from IRAs, qualified employer plans 403(b) accounts, and Governmental 457(b) plans. A common misconception is that Form 1099-R should not be filed
Salary Deferral Contribution Limit for 2014
The amounts that you can contribute as salary deferrals to a 401(k), 403(b) or Thrift Savings Plan is $17,500, for the year 2014. If you
2013 Qualified Charitable Distributions Deadline
December 31, 2013 is the deadline for making a Qualified Charitable Distributions (QCD) from an IRA. The following are some general reminders: QCDs can only
ALL LEGAL SAME-SEX MARRIAGES WILL BE RECOGNIZED FOR FEDERAL TAX PURPOSES PER TREASURY AND IRS ANNOUNCE
“The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages,
Federal Defense of Marriage Act Ruled Unconstitutional
On June 26, 2013, the US Supreme Court ruled Section 3 of the federal Defense of Marriage Act (DOMA) unconstitutional. United States v. Windsor. Section
