Tax Warrior Chronicles

The SECURE Act - Significant Changes for IRAs and 401(k)s – Part II

Posted on Fri, Jan 03, 2020

By: Beth Gaasbeck, CPA, MBA and Robert N. Polans, CPA, MT, PFS


Welcome to Part II of our two-part blog discussing the SECURE Act and its impact on retirement and estate planning.  The Act was signed by the President on December 20, 2019, and is effective as of January 1, 2020. Today’s focus is on the not-so-good parts of the Act.

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Your Kids in the Family Business Post-Trump Tax Reform

Posted on Mon, Aug 12, 2019

By: Melissa Boyce, CPA


The Tax Cuts and Jobs Act of 2017 (TCJA) changed many areas of the tax code, including when family business hires their child(ren). While there was a similar pre-TCJA benefit to hiring one’s child(ren), the new law increased several tax savings and warrants another look at hiring children into the family business.

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Advantages of Naming Spouse as Sole Beneficiary of IRAs

Posted on Tue, Nov 04, 2014

All named beneficiaries of a decedent's IRA can receive a distribution from the decedent's IRAs. However, a surviving spouse who is the designated sole beneficiary of the decedent's IRA has two unique options that are not available to other beneficiaries. The surviving spouse may: (1) roll over the decedent's IRA into an IRA established in the spouse's own name ("spousal rollover"), or (2) elect to treat the decedent's IRA as the surviving spouse's own IRA ("election").  The surviving spouse is treated as if she had funded the IRA with either of these options.

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Is It Time For an Increase to Your Retirement Plan Contributions in 2014?

Posted on Mon, Jan 06, 2014

In 2013, the stock market roared back with a vengeance and record gains, with the Dow Jones Industrial Average shattering the 16,000 point mark. The economy is looking better and those who braved the long-slumping 401(k) market with steady contributions were rewarded with gains as well.  

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Social Security Wage Base Expected to Rise for 2014

Posted on Thu, Jun 06, 2013


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IRS Announces 2013 Pension Plan Limitations

Posted on Thu, Oct 18, 2012

The IRS released IR-2012-77 on October 18, 2012, which spells out cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2013 tax year.  Many of the pension plan limitations will change for 2013 due to the the cost-of-living index increase meeting statutory thresholds triggering their adjustment.  Some other limitations will remain unchanged because the statutory thresholds where not met.

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Retirement - What's YOUR Number?

Posted on Wed, Oct 10, 2012


Consider these recent headlines:

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2013 D&S Tax & Financial Planning Guide Now Available!

Posted on Mon, Oct 01, 2012

Every year, the Tax Warriors make their Tax & Financial Planning Guide available on-line or in paper copy for our clients and friends.  This year our Tax Warrior Chronicles blog readers get the benefit as well!

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Retirement Planning - How to Access Your Social Security Statement

Posted on Thu, May 03, 2012

Last year Social Security suspended the mailing of the annual benefit estimate Statements due to Federal budget considerations. Recently they resumed sending the Statement, but only to people who are age 60 and older and who are not yet on benefits; people younger than 60 will not have a Statement mailed to them, but can now access the information on-line.

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