Forbes has published an article by Ashlea Ebeling discussing how individuals, whose income is too high to contribute to a Roth IRA, may be able to contribute directly to a Roth IRA by opening a traditional IRA and then converting...
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Lewis Saret has made available his article "Retirement Benefits in the Context of Estate Planning--Part II: Income Taxation of Retirement Benefits With Basis." Published in Taxes magazine, it discusses the income taxation of retirement benefits with associated basis. The full...
When stock options are taxed, both the corporation and employee receive a tax benefit. Stock options allow corporations to claim a deduction when the employees exercise their stock options. Likewise, employees of the corporation get the benefit of paying ordinary...
Francine J. Lipman and James E. Williamson have published an article titled "Social Security Benefits: Windfall Elimination Provision". The article provides advice on managing the incomes of people with both Social security and alternative pensions.Posted by Michael Nissenbaum, Associate Editor,...
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In a recent Boston College Law Review article, Katherine Ann McAllister analyzes the unintended consequences of ERISA especially for participants who die before appropriately updating their beneficiary designations. See Unexpected Consq. of ERISAPosted by Ian Horowitz, Associate Editor, Wealth Strategies Journal. ...
The IRS has released Notice 2012-6, which extends and expands the transition relief provided under Rev. Rul. 2011-1and Rev. Rul. 2008-40 for certain group trusts, certain retirement trusts that qualify under the Puerto Rico Internal Revenue Code and that participate...
According to a Private Letter Ruling, the IRS has allowed a 13-year-old beneficiary to transfer a previously taxed lump-sum distribution to an inherited IRA.In PLR 201139011, a 13-year-old was named the sole beneficiary of her father's interest in a qualified...
Tax Notes has published an article by Shamik Trivedi warning of how simple errors in executive compensation planning can cause serious problems. According to the article, issues surrounding severance pay under Section 409A and the new rules under the Dodd-Frank...
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The Wealth Strategies Journal has posted a new article entitled "Cross Tested Retirement Plans," by Nick Paleveda. From the article: "A 401(k) plan is a plan to defer salary also known as an elective deferral plan. 401(k) plans was passed...
In July, the Employee Benefits Security Administration (EBSA) has extended the July 16, 2011 deadline under Section 408(b)(2) of ERISA to April 1, 2012 in order to allow service providers more time to comply with their disclosure fees for plan...
In the holiday season, you are probably more concerned about department-store sales and purchasing gifts for your loved ones. However, there are many financial opportunities to save on taxes. These include: IRA distributions, college savings accounts, and gifts. See Kenneth...
As the year comes to a close, there are many tax issues that have been left unresolved. These uncertainties are causing concerns for businesses and are likely going to be revisited in 2012. Among the issues are: cost-basis, loss carryover,...
The Wealth Strategies Journal has published a new article entitled, "When Can I Retire? Answers from the Historical Record," by Wade D. Pfau, Ph.D, CFA.From the article: "This study extends a framework for determining whether one is on track...
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Forbes has listed five articles from Stuart Robertson's blog that will provide small businesses with the tools to make informed decisions regarding 401(k) plans. The articles will help dispel common 401(k) misperceptions and identify the type of 401(k) plans small...
The IRS has responded to an inquiry by Senator Arlen Specter regarding whether a retirement trust that is located in the United States, excluding Puerto Rico, may be treated as exempt under the Internal Revenue Code even when it does...
