by Mat Sorensen | Mar 18, 2024 | Blog
Do you make too much money to contribute to a Roth IRA? If so, the “backdoor” Roth IRA strategy is one of the best loopholes in the tax code you could utilize today. Many high-income earners believe they can’t contribute to a Roth IRA because they make too much money....
by Mat Sorensen | Feb 6, 2024 | Blog
Self-Directed IRA investors must be aware of their self-directed IRA tax reporting responsibilities. Some of these items are completed by your IRA custodian, and others are the IRA owner’s sole responsibility. Here’s a quick summary of what should be reported to the...
by Mat Sorensen | Jan 8, 2024 | Blog
The start of a new year brings a series of important deadlines and requirements for Individual Retirement Arrangements (IRAs). January 31st is the first date for IRA owners to be aware of. This is the deadline for financial institutions and IRA custodians to send out...
by Mat Sorensen | Jan 6, 2024 | Blog
Valuation Update Annual Fair Market Valuation Update — Self Certification Fillable PDF eSign Form Annual Fair Market Valuation Update — IRA/LLC or 401(k)/LLC Self-Certification Fillable PDF eSign Form Fair Market Valuation for Taxable Event (Roth Conversion, In-Kind...
by Mat Sorensen | Dec 29, 2023 | Blog
As 2023 comes to an end it’s important for Solo 401(k) owners to understand the deadlines and rules for their contributions. Let’s discuss the critical aspects and dates that Solo 401(k) owners must know. There are three important deadlines you must know if you have a...
by Mat Sorensen | Nov 9, 2023 | Blog, Most Popular
Contribution Limits Increase for Tax Year 2024 For Traditional IRAs, Roth IRAs, HSAs, SEP IRAs, and Solo 401(k)s The IRS increased the 2024 contribution limits for self-employed persons who contribute to a Solo 401(k) from $66,000 to $69,000 (employee plus employer...
