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I am a trustee of a trust and I have never filed a separate
I am a trustee of a trust and I have never filed a separate irrevocable income tax return. My parents have always paid the income taxes on their return, since it was their house before putting it in a… read more
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What if a 1099R wasn't received for a traditional IRA because no distributions were taken. However, RMD should have been taken. Should the IRA information still be entered on the 1040 using the 12/31/… read more
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My parents created a simple irrevocable trust in 1995. In
My parents created a simple irrevocable trust in 1995. In getting an EIN for it, May 2106, the IRS said I need to file form 1041 for 1996-2016. How do I do this? … read more
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I am in the process of setting up a trust for my grandchild.
I am in the process of setting up a trust for my grandchild. I currently have a Roth IRA. My wife is the first beneficiary, while this trust will be the contingent beneficiary. If I die first she will… read more
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I received a 1099 R from monies i receive from my deceased
please, i received a 1099 R from monies i receive from my deceased husband. while filing my taxes i was asked if the RMD had been taken care of? Do i need to do this RMD on this money? Nationwide said… read more
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I have a client who is 72 and currently employed by a
I have a client who is 72 and currently employed by a University, offering a 403b. He will retire in January 2017. He is considering rolling some of his employer plan to an IRA for more active account… read more
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EIN issued to an Irrevocable Income Only Trust. It was
EIN issued to an Irrevocable Income Only Trust. It was issued for an aging parent who has dementia. EIN issued letter states that form 1041 is due. The parent is in a home and receive SS and her retir… read more
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I had Social Security Disability, but I was able to work a
I had Social Security Disability, but I was able to work a part time job for 9 years. I am still working When I turned 66, and my Social Security Disability turned into Social Security Retirement. My … read more
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If I take a lump sum distribution from my pension and put it
If I take a lump sum distribution from my pension and put it in an IRA or annuity do I have to pay take on the whole amount in the year that I take the distribution or can I pay tax on the retirement … read more
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Is RMD applicable to a traditional non-contribution pension?
Is RMD applicable to a traditional non-contribution pension? I am over 70.5 years of age and have not yet started pension payout since I am still employed, but not by the company with whom I earned th… read more
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I am 70 and a half and turn 71 this year and want to start
I am 70 and a half and turn 71 this year and want to start getting my Required Minimum Distribution (RMD) now, I have a problem with the two financial institu- tions that have my 457b money. According… read more
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The father of a friend of mine died in 2009 and he had his
The father of a friend of mine died in 2009 and he had his living trust as his IRA beneficary. My friend had the trust moved to a beneficary IRA trust. She (my friend) is taking RMD each year. My frie… read more
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Relating to my first paid question... when the trust files
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I am 73, so I must withdraw each year from my annuity. When
I am 73, so I must withdraw each year from my annuity. When I requested the required minimum deduction from Hartford Insurance in 2010, I also signed up for an automatic withdrawal of the required ded… read more
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My parents are retired and living on social security. They
My parents are retired and living on social security. They have a home that they are renting out, and have interest and loss they can show as write offs. so, my question is...they have a total of $84k… read more
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I have managed accounts at a major brokerage house for my non
I have managed accounts at a major brokerage house for my non contributory IRS, IRA annuity and Keogh. At age 69 in year 2000, I took out an annuity from 1/2 of my IRA. It was implied or I misundersto… read more
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When The Reserve Money Market fund broke the buck in 2008,
When The Reserve Money Market fund "broke the buck" in 2008, a separate Reserve fund also failed (RPYQX--not a money market fund). RPYQX is currently in liquidation, being administered by a financial … read more
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I am a university professor older than 70.5 still working and
I am a university professor older than 70.5 still working and still contributing to my TSA and ORP retirement plans. I also have seperate IRAs. This is the first year for me to take required minimum d… read more
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