Source: http://thorgoodlaw.com/category/roth-thrift-savings-plan/
Timestamp: 2017-10-21 08:36:07
Document Index: 178813182

Matched Legal Cases: ['§ 408', '§408', '§4975', '§408', '§ 408', '§ 408', '§4975']

Roth Thrift Savings Plan | FREE Yourself from IRS Problems
Losing IRA Status Under IRC § 408(e)(2)
Owners of Self-Directed IRAs which engage in certain types of “prohibited transactions” or invest in life insurance, foreign investments or collectibles may risk losing the tax-deferred status of their IRA accounts. If the owner (or beneficiary) of an individual retirement account, as described in I.R.C. §408(a), engages in any transaction that is prohibited under IRC §4975, the entire value of the IRA, determined as of the first day of the taxable year for which the account or annuity ceases to be an IRA, is treated as distributed to the IRA owner. See I.R.C. §408(e)(2)(B).
This is a preview of Losing IRA Status Under IRC § 408(e)(2) . Read the full post (758 words, 1 image, estimated 3:02 mins reading time)
Posted in IRA, Roth IRA, Roth Thrift Savings Plan, Taxable Income | Tagged full distribution rule, I.R.C. § 408(e)(2), I.R.C. §4975, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, prohibited transactions, self-directed IRA, Tax, tax attorney, tax lawyer | Leave a comment
This is a preview of Ways To Reduce Taxes In Retirement . Read the full post (641 words, 1 image, estimated 2:34 mins reading time)
Posted in Estate Tax, Gains & Losses, Interest Income, IRA, Roth Thrift Savings Plan, Tax Credit | Tagged annuities, exchange-rated funds (ETFs), Lawyer, life insurance, low turnover funds, master limited partnerships (MLPs), municipal bond, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, real estate investment trusts (REITs), return of capital (ROC), Roth IRA, Tax, tax attorney, tax lawyer, traditional IRA | Leave a comment
Tax Benefits Of MyRAs and ABLEs
In 2015, taxpayers were introduced to two new tax-friendly savings accounts that are designed for individuals who don’t earn an abundance of income, including low-income families which have members that are both young and disabled. ABLE (Achieving a Better Life Experience), and myRA (my Retirement Account) savings accounts were made available in January and November 2015, respectively. Let’s look at the benefits of the myRA first.
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Posted in Education 529 Plans, myRAs and ABLEs, Qualified Disability Expenses, Roth Thrift Savings Plan | Tagged ABLE, education 529 plan, Lawyer, myRA, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, qualified disability expense, Tax, tax attorney, tax lawyer | 1 Comment