401Ks Protected

Are 401ks protected in bankruptcy?

Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy.  The bankruptcy code has 2 different key sections that will protect your 401k funds. The first section is 541 of the bankruptcy code.  Under section 541, if there are restrictions on the ability of a beneficiary Read more about Are 401ks protected in bankruptcy?[…]

Owe Taxes

Could you owe taxes because you don’t charge enough? One Harvard professor seems to think so

Want to get rich quick?  I mean really, really rich. . . billions. All you need to do is turn in someone who is doing something to pay less taxes to the IRS. Think I’m being a bit over the top?  Lets look at one whistleblower case filed by a former Vanguard attorney who is Read more about Could you owe taxes because you don’t charge enough? One Harvard professor seems to think so[…]

Roth IRAs

Does the IRS approve of Roth IRA LLCs?

Did you know that if you mess up your IRA rollover the IRS has a process where you request a second chance?  The great part is they typically grant the 2nd chance so long as you haven’t done anything wrong with the IRA.  Which brings up an IRS ruling that just came out today about Read more about Does the IRS approve of Roth IRA LLCs?[…]