Tag Archives: IRA

Rinse and repeat: will tax reform lead to more retirement account “revenue” tricks?

April 25, 2017Recent News401k, IRA, Roth conversion, tax reformWarren Baker

I was recently reading an article by Mark Miller (columnist for Reuters), entitled “Will Republicans fund tax cuts by tapping retirement piggy bank?” (see his complete article at the bottom of this post), and it reminded me of an article I wrote in 2010 related to in-plan 401k Roth conversions and the way in which … Continue reading Rinse and repeat: will tax reform lead to more retirement account “revenue” tricks? →

Retirement plan amendments proposed by White House

January 28, 2016Recent News, Self Directed IRAIRA, President Obama, retirement accounts, White House proposalWarren Baker

On January 26, the White House released a Fact Sheet in which it announced various proposals that would expand access to workplace retirement savings opportunities and increase the transferability of retirement savings. The proposals will be detailed further in President Obama’s fiscal year 2017 budget. [Of course, none of these proposals are guaranteed to become law, … Continue reading Retirement plan amendments proposed by White House →

Boom! Boom! Boom! IRS fires three shots across the bow of self-directed IRA investors

October 10, 2014Recent NewsEllis v. Commissioner, Form 5498, IRA, IRS, Peek v. Commissioner, Roth IRA, self-directed IRA, Tax CourtWarren Baker

For those of you who are interested in self-directed IRA topics but who are not members of the Taxation Law section of the Washington State Bar Association (quite a few of you I’m sure!), I wanted to share with you my latest full length article. The article, entitled “Boom! Boom! Boom! IRS fires three shots … Continue reading Boom! Boom! Boom! IRS fires three shots across the bow of self-directed IRA investors →

Amended FORM 5498 reporting requirements for IRA custodians in 2014. Do changes signal more scrutiny on “nontraditional” investments within self-directed IRAs?

October 1, 2014Self Directed IRA, TaxEllis v. Commissioner, Form 1099-R, Form 5498, IRA, IRS, Peek v. Commissioner, self-directed IRAWarren Baker

The current draft instructions for the 2014 version of Form 5498 reflect a change in the way the IRS receives information from IRA custodians. Under current law, IRA custodians must report certain information about every IRA they hold – this is done using Form 5498. Whether IRA account holders realize it or not, the federal … Continue reading Amended FORM 5498 reporting requirements for IRA custodians in 2014. Do changes signal more scrutiny on “nontraditional” investments within self-directed IRAs? →