Ed Slott

James Caan's estate was hit with almost $1 million in taxes and penalties because of an improper IRA rollover.

For the fourth year in a row, the IRS has waived RMDs for beneficiaries of IRAs subject to the 10-year payout rule.

Delaying RMDs may be a costly tax strategy.

We all had a deal with the taxman, and Congress just reneged. Why? Because, as usual, the government needed money.

The tax rules that apply when you attempt to roll over your IRA funds are all complicated, and some are rigid and unforgiving. Violating one can be fatal, and costly.

We’ll have to see how this develops and exactly how rigid or liberal the IRS will be in assessing or waiving the RMD penalty for back years

The IRS has stood firm on its required minimum distribution rules but following these equates to bad tax planning, says tax expert.

Trusts remain lousy IRA beneficiaries, says tax expert.

October 1, 2024 Taxpayers with the largest IRAs (and their beneficiaries) will be in higher tax brackets in the future, meaning that as

The best investment advisors can make now is in their tax-planning knowledge.