If you have an individual retirement account, you’re aware of how complicated the rules can get. Here are a couple to remember as you prepare your 2015 federal income tax return. 1. Are you searching for one more tax deduction? It’s not too late to contribute to your IRA and claim a deduction for 2015. Under current tax rules, if...
Tag Archive: IRAs
March 14, 2016
August 9, 2012
The IRS is about to begin a new initiative to go after taxpayers who make excess contributions to their Individual Retirement Arrangement (IRA) account or do not begin to withdraw funds from their traditional IRA account when they reach age 70.