Can I Roll a Roth IRA to a Solo 401k?

January 8th, 2014

In most cases, one is able to roll almost anytime of retirement account to a Solo 401(k) Plan.  The only exception is a Roth IRA, which is not eligible to be rolled into a Solo 401(k) Plan.  Hence, one can roll a Traditional IRA, 401(k) Plan, 403(b), 457(b), and a defined benefit plan tax-free and […]

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How to Calculate the UBTI Tax on a Real Estate Nonrecourse Loan with a Self-Directed IRA?

March 11th, 2013

IRS Form 990-T, specifically Schedule E, is the tax form where a charitable organization of retirement account, such as an IRA or Roth IRA would report income that would be subject to the Unrelated Business Taxable Income (also known as UBIT or UBTI) or Unrelated Debt Financed Income tax.  In general, only income generated from […]

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How are RMDs taxed?

January 26th, 2011

The account owner is taxed at his or her income tax rate on the amount of the withdrawn RMD

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What happens if I Make an Excess IRA Contribution?

January 26th, 2011

Generally, an excess IRA contribution is the amount contributed to an individual’s Traditional IRA and Roth IRA for the year that is more than the above limits. Regular (not rollover) contributions made in the year a person is age 70½ and any later year are also excess contributions unless made to a Roth IRA. An excess contribution […]

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