Roth IRA Distributions- Determining Tax and Penalty
Earnings in Roth IRAs accumulate on a tax-deferred basis, but eventually become tax-free if distributions are qualified. The determination of whether a Roth IRA distribution
Retirement Planning
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How spouse beneficiaries elect to treat inherited IRA assets as their ‘own’.
The treat-as-own option , which applies only to a spouse who is the sole primary beneficiary, allows for the transfer of the inherited IRA balance to the
You Can Use Your IRA to Pay Estimated Taxes
If You Missed Estimated Tax Payment Deadlines, You can Use Withholding Tax From Your IRA to Avoid Penalties Withholding from your IRA distribution or distribution from
IRS Announces Plan Limits for 2011
by Denise Appleby CISP, CRC, CRPS, CRSP, APA The IRS issued IR-2010-108 , in which they provide retirement plan limits for 2011. Many of the limits
Four Tax Forms for Your IRA and Other Retirement Accounts
by Denise Appleby CISP, CRC, CRPS, CRSP, APA When you file your tax return this year, you may need to include information from certain tax
Retirement Planning
Reporting and Paying The Income Tax on a 2010 Roth Conversion
by Denise Appleby Generally, the income tax that is due on a Roth conversion must be paid by the tax filing due date for the
IRS Announces Plan Limits for 2010
by Denise Appleby CISP, CRC, CRPS, CRSP, APA October 15, 2009 The IRS issued IR-2009-094 , in which they provide retirement plan limits for 2010.
Retirement Planning
Can You Deduct Your IRA Contribution When you Are Covered Under an Employer’s Retirement Plan?
by Denise Appleby , MJ, CISP, CRC, CRPS, CRSP, APA Can you deduct your IRA Contribution? There is much confusion about the definition of an
IRS Issues Guidance on Rollovers of 2009 RMDs and Extensions of Certain Periods
IRS Issues Guidance on Rollovers of 2009 RMDs and Extensions of Certain Periods Contents ( Printable PDF copy with enabled hyperlinks-click here) . Sign up for
IRS Provides Guidance on Tax Treatment of Rollovers from Employer Plans to Roth IRAs
By Denise Appleby, CISP, CRC, CRSP, CRPS, APA The IRS Issued Notice 2009-75, in which they provide guidance on the federal income consequences of rollovers