Ever since 2006, individuals age 70½ or older have been able to transfer up to $100,000 annually from their IRAs to qualified charities. These transfers are referred to as qualified...
Authored by RSM US LLP IRS will permit midyear amendments to plan contribution formulas. TAX ALERT | June 30, 2020 In response to the economic crisis related to the COVID-19 pandemic, the...
As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts. These range from converting traditional IRAs...
The last four months have been a tumultuous time for retirement plan distribution rules and in particular Required Minimum Distribution (RMD) rules. SECURE ACT CHANGES In late December 2019, long before Coronavirus...
View this article in PDF format. The SECURE Act Changes IRAs and 401(k) Plans On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020 (H.R. 1865), which...