/Tag: IRA Rollovers

Rolling Over your IRA? Be aware of potential penalties

By |2017-05-24T13:42:14+00:00September 30th, 2015|Categories: Succession Planning|Tags: , , , |

If you are planning to move funds from one IRA account to another, be sure you understand new rules related to IRA rollovers. Old rules allowed taxpayers to rollover (transfer funds) from each IRA account once every 12 months, regardless of how many IRA accounts the taxpayer owns. This meant that a person with 4 separate IRA accounts could do 4 rollovers each year.

There is Still Time for Charitable IRA Rollovers

By |2017-05-24T13:42:35+00:00January 16th, 2013|Categories: News, Tax Planning|Tags: , , , , , |

The American Taxpayer Relief Act of 2012 (ATRA) revives for 2012 and 2013 the opportunity to make tax-free IRA distributions (up to $100,000 per year) for charitable purposes. If you’re age 70½ or older, you can make a direct contribution from your IRA to a qualified charitable organization without owing any income tax on the [...]

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