Skip to main content
Ed Slott and Company, LLC
2-Day IRA Workshop
Elite IRA Advisor Group
Corporate and Consumer Training
IRA Leadership Program
Professional Speaking Events
Ask Ed to Speak
Recommend That Your Advisor Train With Us
Elite IRA Advisor Group
Find An Advisor
Elite IRA Advisor Group For Consumers
Elite and Master Elite IRA Advisor Workshop
Ed Slott's 2-Day IRA Workshop
Online Advertising Options
Find an Advisor
IRA and Tax Tables
In The News
About Ed Slott
IRA Technical Experts
Marketing and Communications
You are here
The Slott Report
The Slott Report
A Senior as a First-Time Home Buyer and QCDs: Today’s Q&A Mailbag
Thursday, January 18, 2018
This week's Slott Report Mailbag answers readers' questions about purchasing a home as a senior (as a first-time home buyer) using IRA funds and QCDs under the Tax Cuts and Jobs Act.
Tax Law Updates to 529 Educational Plans
Wednesday, January 17, 2018
Now that the dust has settled and the tax code has been “reformed,” it’s time to unpack those changes and analyze how best they can help you and your clients. One of the changes was the expansion of 529 Educational Plans.
Tips for a Successful Tax Season
Monday, January 15, 2018
The IRS says it will start accepting and processing 2017 tax returns on January 29 and expects to issue nine of 10 refunds within 21 days. To get the fastest refund possible, file electronically and request direct deposit of the refund amount. The IRS says it won't start processing paper returns until mid-February, and requesting a mailed paper check adds more time to processing and delivery. The due date for 2017 returns is April 17, 2018, since April 15th is a Sunday and the 16th is Emancipation Day, a legal holiday in the District of Columbia.
Roth IRA Contributions and RMD Rules: Today’s Q&A Mailbag
Thursday, January 11, 2018
This week's Slott Report Mailbag answers readers' questions about Roth IRA contributions and RMD rules.
Liability for Tax Underpayments, Penalties, and Interest: Relief for the “Innocent” Spouse
Wednesday, January 10, 2018
In many households, married couples divvy up the responsibilities; one will handle the bills and banking while the other cooks and does the grocery shopping, or one will do the laundry while the other manages the yardwork and house. This split often extends to annual income tax responsibilities, even in couples who use a professional preparer. However, when couples submit joint returns, both are jointly and severally liable for the information included in the return. That means if there’s an underpayment, both spouses are going to be liable for the debt.
Happy 20th Birthday Roth IRA! – Here Are 20 Roth IRA Facts You Need to Know
Monday, January 08, 2018
The year 1998 seems like a long time ago. In January 1998, Bill Clinton was in the White House and about to be impeached. The Unabomber was in the news and the Spice Girls were winning music awards. January 1, 1998 also brought us the launch of Roth IRA. However, unlike other ‘90’s memories, the Roth IRA is still going, stronger than ever. You may already be reaping the tax benefits of your own Roth IRA. Or, maybe you’ve hesitated to open one. The 20th anniversary may be the time for you to take the plunge. To celebrate the occasion, here are 20 Roth facts you need to know.
SEPP, SPIA, Rollovers, and 72(t): Today’s Q&A Mailbag
Thursday, January 04, 2018
This week's Slott Report Mailbag answers readers' questions about the tax consequences of substantially equal period payments and rolling a 401(k) into a single premium immediate annuity IRA.
Creditor Protection for IRAs
Wednesday, January 03, 2018
One of the greatest benefits offered under ERISA are the anti-alienation provisions, which provide that benefits under a pension plan cannot be assigned or alienated. While there are some statutory exceptions, ERISA essentially prevents retirement assets from being joined in any legal process to collect a commercial debt. These actions include garnishment, attachments, and other similar legal devices. There are some exceptions to this rule, the most obvious being divorce or legal separation.
Make the Most of the New Tax Law by Planning Now
Tuesday, January 02, 2018
An early start on tax planning is always good, but this year it is essential. The Tax Cuts and Jobs Act fully rewrites the tax code effective January 1, 2018. To get the most benefit from the changes, while avoiding mistakes under them, update your tax and financial strategies right away.
QCDs and RMDs: Today’s Q&A Mailbag
Thursday, December 28, 2017
This week's Slott Report Mailbag answers readers' questions about qualified charitable distributions and required minimum distributions.
Click here to read The Slott Report’s usage and copyright guidelines.
Username or e-mail
I need help logging in
No Account Yet?
Create one here and receive free IRA updates
Receive Articles Straight to Your Email
About The Slott Report
Become a Guest Contributor
Tweets by @theslottreport