Over 30 Years of Professional Tax Experience. Licensed CPAs Serving Taxpayers in Boca Raton, Florida & Throughout the U.S.

Retirement Plans

18Feb

You Can Still Make An IRA Contribution For Last Year

By |February 18th, 2017|Categories: Retirement Plans, Tax Deductions, Tax Returns|

Taxpayers wanting to make an IRA contribution for 2016, have until the unextended due date for filing their 2016 return, which is April 18, 2017. Contributing to an IRA has several benefits, the most important one being that you are saving for your retirement.

18Sep

Tax Problems Resulting From Late Rollovers of Retirement Funds Can Be Fixed

By |September 18th, 2016|Categories: Boca Raton, Retirement Plans, Tax Relief|

In order for a rollover into a traditional IRA to be tax deferred, the funds must be deposited into the account within 60 days from the date of distribution from the prior retirement account.

9Aug

First -Time Home Buyer Can Avoid Penalty For Early Distribution From IRA

By |August 9th, 2014|Categories: Retirement Plans, Tax Tips|

If you are buying a home and are short on cash you may want to consider taking up to $10,000 from your traditional IRA to fund the purchase.

14Jul

Self-Employed Individuals May Want To Consider A Simplified Employee Pension Plan

By |July 14th, 2013|Categories: Retirement Plans|

As the economy improves more small business owners find they are able to contribute to a retirement plan, but are unsure what plan options are available to them. A Simplified Employee Pension (SEP) plan may be the answer to a self-employed individual’s retirement and tax planning.

22Jun

60 Day Rule For IRA Rollovers Waived By IRS Where Husband Gambled Money Away

By |June 22nd, 2013|Categories: Retirement Plans|

The IRS recently waived the 60-day rollover requirement for a taxpayer whose husband withdrew funds from her IRA pursuant to a limited power of attorney and failed to rollover the funds due to his gambling addiction.

30Mar

Taxpayers Get More Time to Contribute to IRAs in 2012

By |March 30th, 2012|Categories: Retirement Plans|

You have two extra days this year to make contributions to your Individual Retirement Arrangements. That’s because April 15 falls on a weekend and Emancipation Day, a legal holiday in the District of Columbia, will be observed on Monday, April 16. That means the due date for filing your tax return and making contributions to your 2011 IRA is Tuesday, April 17.

Here are the top 10 things you should know about setting aside retirement money in a traditional IRA.

22Feb

Early Distributions from Retirement Plans May Have a Tax Impact

By |February 22nd, 2012|Categories: Retirement Plans|

Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a tax impact when they file their return.

Here are 10 facts about the tax implications of an early distribution from your retirement plan.

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