Tax Warrior Chronicles

IRS Grants Extensive Relief to 2020 RMD Recipients

Posted on Mon, Jun 29, 2020

If you received a Required Minimum Distribution (RMD) in 2020, you should take careful note of guidance contained in the recently issued IRS Notice 2020-51 regarding the CARES Act’s waiver of 2020 RMDs and a taxpayer’s ability to rollover such distributions.

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Exceptions to Early Withdrawal Penalty for 401(k) & IRA Distributions

Posted on Thu, Nov 30, 2017

By: Sherri Sorbello, CPA


Most distributions from 401(k) plans and IRAs are subject to a 10% early withdrawal penalty if they are taken before you reach age 59 ½.  However, like most tax rules, there are certain exceptions allowing you to withdraw funds without a penalty.  This blog will address the most common exceptions to the 10% additional tax on early withdrawals. 

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Don’t Forget! Report 2010 In-plan Roth Conversions on 2012 Tax Returns

Posted on Thu, Feb 21, 2013


Confusion abounds as recent changes in the tax laws begin to take root. It’s like the perfect tax storm mixing changes enacted years ago, which didn’t take effect until this year, with the Taxpayer Relief Act of 2012.  One of these changes from a few years ago deals with in-plan Roth conversions and how the taxable income is reported.

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