Early distribution penalty not deductible
Tax court says that 72(t) additional tax (early distribution penalty) is not deductible. T.C. Memo. 2016-15- Robert Leon Martin v. Commissioner
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Court allows same sex beneficiary claim for pre-Windsor death
Case: Schuett v. Fedex Corporation, Case No. 15-cv-0189-PJH See case here
Qualified charitable distributions (QCD) Extended for 2014
QCD Extended under H.R. 5771: Tax Increase Prevention Act of 2014 (the 2014 “Tax Extenders” bill) extended the qualified charitable distributions (QCD) provision to December
IRS Issues Guidance on one IRA-to-IRA Rollover Rule- Quick and Dirty Summary
The IRS issued Announcement 2014-32, in which they provide additional guidance on the one-per-year limitation on IRA-to-IRA rollovers. This announcement is a follow-up to Announcement
IRS Says LOA and Verbal Instructions OK for IRA and CESA Contributions
by Denise Appleby The IRS issued private letter ruling (PLR) 201437023, allowing an IRA custodian to treat IRA contributions as received ‘timely’, if instructions are submitted
IRS (Partially) Withdraws Proposed Rule on IRA-to-IRA Rollover
In the update Hot off the Presses: IRA Rollover Rule Changes Coming, we highlighted a recent Tax Court interpretation of the one-per-year rule for IRA-to-IRA
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
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
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,