IRA
2021 Potential Tax Law Changes
Following the 2020 election, President-elect Joe Biden has plans to change the Federal tax law. However, any tax law changes are dependent on Congress approval. The Democrats have secured the majority in the House of Representatives, but Senate majority is still undecided and will not be declared until Georgia’s two run-off races conclude in January.…
Read MoreChanges Affecting Qualified Retirement Plans
Changes Affecting Qualified Retirement Plans With the Internal Revenue Service’s recent release of final regulations on Roth distributions, it might be a good time to summarize the several changes that have been made either through legislation, IRS action, or court decisions affecting qualified retirement plans over the last year or so. Designating Disbursements — In Notice…
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