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IRA…All the Way…to Retirement!

Posted in Tax News on January 28, 2011

The IRA (Individual Retirement Arrangement) is one of the more underutilized tools for retirement planning. The primary benefit to an IRA is tax-deferred investing. Income taxes are not paid until taxable distributions are made. With limited exceptions, distributions made prior…

Tagged with: 10% Penalty, 401(k) Plan, Active Participant, Adjusted Gross Income, AGI, April 15 2011, April 18 2011, Catch Up Contribution, Defined Benefit Pension Plan, Earned Income, Form 8606, Form W-2, Individual Retirement Arrangement, ira, Married Couple, Nondeductible IRA, Pension Plan, Profit Sharing Plan, Retirement, Retirement Planning, Single, Tax Deductible IRA, Tax-Deferred

Do I have to File IRS Form 5500?

Posted in Tax News on July 2, 2010

Employers that maintain a qualified retirement plan must file IRS Form 5500–Annual Return/ Report of Employee Benefit Plan. Qualified retirement plans include defined benefit, profit-sharing, money purchase, and 401(k) plans. SIMPLE and SEP plans do not have to file this…

Tagged with: 401(k) Plan, Defined Benefit Plan, Form 5500, IRS Form, Money Purchase, Profit Sharing Plan, Qualified Retirement Plan, retirement plan, SEP, SIMPLE Plan

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