By Beverly DeVeny, IRA Technical Expert
Follow Me on Twitter: @BevIRAEdSlott
October is almost here, and with the turning of the page comes some important IRA deadlines you should add to the calendar.
October 15, 2011
This deadline is actually October 17th since the 15th is on a Saturday this year. It is…
• the last day to complete a Roth recharacterization for a 2010 Roth conversion
• the last day to recharacterize a 2010 contribution
• the last day to remove an excess or unwanted 2010 contribution to avoid the 6% penalty for 2010
The deadline has been extended to October 31st for those taxpayers in federally declared disaster areas for Hurricanes Irene and Lee and for the Texas wildfires.
October 31, 2011
This deadline applies to trust beneficiaries of both IRAs and employer plans. It is the last day to provide an IRA custodian or plan administrator with a copy of the trust document or a listing of the beneficiaries and their entitlements. If this deadline is missed, the trust cannot be treated as a see-through trust.
These are deadlines you do NOT want to miss as they all have serious tax implications for IRA account owners and beneficiaries.
Content Citation Guidelines
Below is the required verbiage that must be added to any re-branded piece from Ed Slott and Company, LLC or IRA Help, LLC. The verbiage must be used any time you take text from a piece and put it onto your own letterhead, within your newsletter, on your website, etc. Verbiage varies based on where you’re taking the content from.
Please be advised that prior to distributing re-branded content, you must send a proof to [email protected] for approval.
For white papers/other outflow pieces:
Copyright © [year of publication], [Ed Slott and Company, LLC or IRA Help, LLC – depending on what it says on the original piece] Reprinted with permission [Ed Slott and Company, LLC or IRA Help, LLC – depending on what it says on the original piece] takes no responsibility for the current accuracy of this information.
For charts:
Copyright © [year of publication], Ed Slott and Company, LLC Reprinted with permission Ed Slott and Company, LLC takes no responsibility for the current accuracy of this information.
For Slott Report articles:
Copyright © [year of article], Ed Slott and Company, LLC Reprinted from The Slott Report, [insert date of article], with permission. [Insert article URL] Ed Slott and Company, LLC takes no responsibility for the current accuracy of this article.
Please contact Matt Smith at [email protected] or (516) 536-8282 with any questions.
