BIG DOLLAR SCOTUS CASE HAS MAIN STREET APPLICATION.
In the Estate of Connelly, the United States Supreme Court added $4 million in value...
- September 6, 2024
BUSINESS VALUATIONS: SCOTUS’ $700,000 TAX SCARE COULD SHOCK SMALLER BUSINESSES
In the Estate of Connelly, the U.S. Supreme Court okayed a 4 million dollar add-on...
- September 6, 2024
Is Your Life Insurance Agent Truly Independent (and Capable)?
Most people think the most important question you can ask your life insurance agent is...
- August 9, 2024
Employee Benefits & Retirement Planning Desk
60-Day Rollover for Victims of Scams
Bruce Steiner provides his analysis of PLRs 202244029 and 202430010 that involved waivers of 60-day deadline for rollover for victims of scams. Bruce has obtained many private letter rulings waiving the 60-day deadline for a rollover.
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CONCLUDING OBSERVATION: The IRS may waive the 60-day deadline for a rollover for IRA owners losing IRA assets to scams. However, the availability of a waiver is of no benefit to IRA owners who lack the funds to put back into their IRAs.The New RMD Landscape for a Surviving Spouse under SECURE 2.0 and Final and Proposed Regulations
Natalie Choate provides commentary that examines the new RMD landscape for surviving spouses under SECURE 2.0 and the final/proposed regulations.
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CONCLUDING OBSERVATION: The rules become more and more complex. So much so that the article about surviving spouse required minimum distributions, how, when and why is at a link provided in the attachment.
Stay tuned as there could be further changes as time passes.