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Executive Summary Surviving spouse (S) was not treated as the payee of the decedent’s (H) IRA, and thus could not take the IRA and roll it over into an IRA in her own name.    Facts H died in [...]

EXECUTIVE SUMMARY A bankruptcy court in Florida has ruled that an individual’s IRAs are not exempt from the claims of creditors due to the individual’s transactions with the IRA. FACTS [...]

Iin a recent private letter ruling, that could best be described as not taxpayer friendly, the Internal Revenue Service has ruled that a transfer of assets from one IRA to another IRA, while the [...]

THE economic maelstrom has brought with it tremendous opportunities for financial planning with retirement accounts. For this year only, people over 70 1/2 with traditional I.R.A.’s and those who [...]

Transitioning from single to married life can be a challenge, and the U.S. tax code doesn’t make it easier. Should you file jointly or separately? What if you change your name? And [...]

Concerned about the economy and eager for help, taxpayers flooded the Daily News Tax Hotline Tuesday as the paper kicked off its annual free service. Phones rang nonstop, a Web chat attracted [...]

The plain-English guide to some of the terms you’ll likely encounter as you set up and manage your account.Click Here For More Detail

SOME people who lost money in the financial turmoil last year may be able to get a measure of tax relief. Daniel Acker/Bloomberg News People who invested with Bernard L. Madoff may want to file [...]

EXECUTIVE SUMMARY: Sec. 201 of H.R. 7327 suspends the 50% penalty for failure to take a required minimum distribution, for 2009, for distributions from defined contribution plans.  Normally, if [...]

Tens of thousands of small-business owners and sole proprietors may have invalid Keogh plans, and that a failure to fix the problem could prove to be very costly to them and to advisers.