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Volume 8 Issue 6





FOR DAILY IRA INFO

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IRA Focus


QUESTION OF THE MONTH

Can I Claim IRA Fees as a Tax Deduction?

Q: I have a large IRA that is looked after by my Stockbroker who undertakes the investments and charges me a 1% fee per annum. It is paid automatically from my IRA each quarter. Can I claim this amount as a deduction on my annual income tax return? The Answer

JUNE KEY FOCUS

3 Questions to Ask When Preparing a Power of Attorney for an IRA

Giving another person the ability to make significant financial decisions and/or take actions on your behalf is not an easy thing to do. In such cases, you want to make sure someone else can act on your behalf. Typically, this is done via what’s known as a Power of Attorney (POA) document. Here are 3 questions to ask when preparing this document. Read More

RULING TO REMEMBER

A Rookie Mistake By a "Veteran" CPA Leads to This Private Letter Ruling

In just released private letter ruling (PLR) 201522011, a taxpayer we will call "Tom" was given an extension of time to complete a rollover of funds to his IRA. Bad advice from his CPA of two decades started this entire ordeal in motion. Read More

INSIDE ED SLOTT'S IRA ADVISOR NEWSLETTER

SEP and SIMPLE IRAs... IRAs? Employer Plans? Or Both?

Do Roth IRA Conversions For High-Income Clients Make Sense?

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TWITTER TALK

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