Ask the Experts – August 5, 2015
If a business transfers a life insurance policy insuring the life of an employee to the employee are there any tax consequences? Continue Reading...
Ask the Experts – July 20, 2015
If my client receives Social Security survivor benefits from her deceased spouse and then gets re-married, is she still eligible for the survivor benefits?Continue Reading...
Ask the Experts – July 2, 2015
My client has an IRA with substantially equal periodic payments set up in order to avoid the additional tax on early distributions. Can she roll out part of the funds in the IRA if they are not needed to satisfy the SEPP requirements?Continue Reading...
Ask the Experts – June 17, 2015
If my client activates the income rider on my annuity, does that qualify for the substantially equal periodic payments exception to the early distribution penalty?Continue Reading...
Ask the Experts – May 21, 2015
If my client makes a transfer of his life insurance policy to his daughter, does that violate the transfer for value rule?Continue Reading...
Ask the Experts – March 24, 2015
Does a divorce nullify my client’s ex-spouse as a life insurance beneficiary?Continue Reading...
Ask the Experts – March 17, 2015
Do IRA distributions count as income for the Affordable Care Act (ACA)?Continue Reading...
Ask the Experts – March 10, 2015
I have a client turning 70 ½ this year in 2015. I know she is still eligible to contribute to a Traditional IRA for 2014, but not for 2015. If she opens a new IRA and contributes $6,500 for 2014, will she have to take a required minimum distribution for 2015 from that account?Continue Reading...
Ask the Experts – October 24, 2014
My client’s CPA believes that the death benefit from a modified endowment contract is income taxable. Is the CPA correct?Continue Reading...
Ask the Experts – October 6, 2014
I have a 50 year old client who recently did an in-service conversion of her 403b account to a designated Roth account. She now wants to take a hardship distribution from her designated Roth account. Does she have to worry about the 10% penalty tax on the distribution of converted amounts?Continue Reading...