Add Yahoo as a preferred source to see more of our stories on Google. If you've been thinking about converting your traditional individual retirement account into a tax-free Roth, get a move on: to ...

Save this column. Someday you will have a client who needs this remedy. Since 1998 (when Roth IRAs were invented), Section 408A(d)(6) of the Internal Revenue Code has permitted a taxpayer to ...

Contributing money to a traditional or Roth IRA can help you save money for retirement on a tax-advantaged basis. Should you make a mistake with contributions or change your mind about them, IRA ...

The IRS does not handle Roth Recharacterizations well. By federal law, any time before you file your taxes you can move any of the Roth conversion back to the traditional IRA from which it came. This ...

Hi, I retired and got a distribution from my company in 2010. I thought I wanted to make it into a Roth but when seeing the taxes, decided against doing it. Schwab issued a 1099 and then send the ...

Forbes contributors publish independent expert analyses and insights. David John Marotta is a financial advisor covering financial planning. This article is more than 10 years old. Nearly everyone is ...

In Private Letter Ruling 201235030 (June 6, 2012), received by Keebler & Associates, the Internal Revenue Service granted the taxpayer an extension to recharacterize his 2009 Roth individual ...

This week, IRA expert Ed Slott fields questions about recharacterization provisions for Roth IRAs and making contributions in a spouse’s name. I am 70-1/2 this year and still working and contributing ...

In the 2017 Tax Act, Congress adopted Code §1061, a provision which affects non-corporate holders of certain carried interests, which the new law refers to as applicable partnership interests (“APIs”) ...

Did you convert your traditional IRA to a Roth IRA in 2016 and now you are reconsidering that move? Did you make a 2016 traditional IRA contribution and later discover the contribution was not ...

When a financial institution structures a commercial loan, consideration is taken to protect the lender in the event the borrower files a bankruptcy proceeding. In the current lending climate, with ...