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…
Tag Roth 401k conversion
Roth 401k Conversions Pt II
Yesterday I talked about how Roth conversion features are considered a revenue raiser by Congress. Today the Joint Committee on Taxation, the congressional body that provides tax advice, issued a report on the tax effects of the new legislation. In…
Roth 401k Conversions
Today The Small Business Jobs Act of 2010 was passed by the Senate. Its virtually assured to pass the house next week. One of the provisions of the Act is to allow participants in a retirement plan to convert their balances over…