The U.S. Tax Court ruling earlier this year in Bobrow v. Commissioner— challenging the taxpayer’s application of the one-per-12-month rollover rule—sent shock waves through the world of IRA administrators. In Bobrow v. [...]
Health savings accounts (HSAs) have been around for nearly a decade. HSAs have significantly changed over the years adapting to the marketplace, as well as fulfilling Americans’ health care needs. As a result, both the [...]
by. Todd Berghuis Given the pace at which we live our life these days, it’s pretty easy to let the distinctions between the different holidays become blurred. We often find ourselves seeing holidays as [...]
by. Todd Berghuis One of the truisms of our industry, as it is a truism of life, is that “nothing is as constant as change.” That certainly applies to the IRA rollover limitation issue, which [...]
Just as the swallows have returned to San Juan Capistrano, qualified charitable distributions (QCDs) from IRAs may return to the tax code as Congress considers a package that would extend a number of expired tax [...]
by. Todd Berghuis Retirement plan rollovers are a high priority for the IRS these days. That is not a criticism, because the portability of retirement savings is essential to workers if they are to have [...]
The Obama administration’s fiscal year 2015 revenue proposal would make significant changes to Roth IRAs. If implemented, these changes would make the Roth IRA a less attractive savings vehicle for many—and have a [...]
House Ways and Means Committee Chairman Dave Camp (R-MI) released a draft tax reform plan that would make significant changes to tax-advantaged savings plans, including employer-sponsored retirement plans, Traditional and Roth IRAs, and Coverdell education [...]
House Ways and Means Committee Chairman Dave Camp (R-MI) released a draft tax reform plan that would make significant changes to tax-advantaged savings plans, including employer-sponsored retirement plans, Traditional and Roth IRAs, and Coverdell education [...]
A recent U.S. Tax Court ruling has set a lot of heads spinning in the IRA administration world, running counter as it does to more than two decades of IRS guidance. In the case [...]
The Obama administration has announced the creation of a new retirement savings account designed to target Americans not covered by a workplace retirement plan. The new accounts will be offered through employers and are expected [...]
After passing a two-year budget deal in late December to avoid another government shutdown, the House and Senate adjourned for the year without acting to extend the legislation that permits qualified charitable distributions (QCDs) from [...]
‘Tis the season for giving, but Congress appears to be in a none-too-charitable mood when it comes to extending qualified charitable distributions (QCDs) from IRAs. Unless Congress acts soon to extend the legislation, QCDs will [...]
It’s open enrollment time and employees across the country are choosing their health care plans for next year. For credit unions offering health savings accounts (HSAs), this opens the door to HSA growth. This [...]
Thursday, October 17 is International Credit Union Day, and credit unions across the country will celebrate this year’s theme of “Credit Unions Unite for Good” as they work to establish credit unions as Americans’ [...]
