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Tag Archives: ira

Converting to a Roth IRA Can Provide a Big Tax Win

With the recent decline in the stock market, some investors may have experienced a substantial loss of value. When this happens, it is important to assess the damage and make a smart move.  Some investors are already making one of … Continue reading

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New Rule Affects Some IRA Holders

As many businesses and individuals have turned away from pension plans, there has been a large increase in the utilization of tax-advantaged retirement accounts. This can be seen by the growth of assets held in individual retirement accounts, 401(k)sContinue reading

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#DSJTaxTeamTip: Form 8888 Allows Taxpayers To Fund IRA with Income Tax Refund

    • Often overlooked tax advantage allows automatic redirection of refund without delay
    • Form 8888 enables over-payments to be directed to fund traditional IRAs, ROTH IRA, or SEP-IRA
    • Deadline to make election extended to July 15th due to COVID-19
    • SIMPLE IRA still
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Trump Tax Law Makes Now the Perfect Time for the Roth Conversion Retirement Trick

April 2019

Converting a traditional IRA to a Roth IRA takes some fortitude and faith in the future numbers because this change can accelerate your tax bill. The current market and tax rate cuts from President Trump’s plan, however, are … Continue reading

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The Most Wonderful Time of the Year – Tax Planning Season

Now is the time to focus on year-end tax planning. Careful and strategic planning can help minimize your tax bill and maximize what you keep. Given the uncertainty and sweeping scope of proposed tax law changes, planning is both more … Continue reading

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Be Smart About Giving to Hurricane Victims

From Texas to Florida, a large swath of the United States was recently slammed with back-to-back hurricanes, leaving flooded streets, damaged buildings and wreckage all around. Huge economic costs will be associated with these hurricanes.

Economic Impact

AccuWeather President Joel … Continue reading

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Reviewing Non­-Spouse IRA Beneficiary Rules

At the end of last year, Congress was considering tying up a tax revenue loophole known as the Stretch IRA. Currently, a traditional IRA can be passed from one generation to the next, thereby extending tax-deferred growth to a non-spousal … Continue reading

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