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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 taxpayer is taking distributions that are part of a series of substantially equal periodic payments, is an improper modification. As a […]

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 inherited these accounts or Roth I.R.A.’s do not have to take the required minimum distributions. Congress suspended that requirement, along with those that apply to 401(k)’s, […]

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 what’s this about a “marriage penalty”? Here are several things for newlyweds and engaged couples to keep in mind during tax season. File […]