A quarterly magazine from the National Association of Enrolled Agents
Winter 2024 vol.42 no.4
When Did Congress Intend the New §4973 Statute of Limitations to Take Effect?
Tax Court

When Did Congress Intend the New §4973 Statute of Limitations to Take Effect?

If a taxpayer contributes more than the allowed amount to an individual retirement account (IRA), §4973 imposes a 6 percent excise tax on those excess contributions. Before the SECURE... Thomas Gorczynski, EA, USTCP

Fall 2024, Tax Court, Tax Court, IRA, Form 1040, required minimum distribution, RMD, SECURE Act 2.0, individual retirement account, §4973, Form 5329, §6501(l)(4)(A), Couturier, §6501(l)(4)(C), §6501(l)(4), §313(b), Sundstrand Corp. v. Commissioner, lak Invs. v. Commissioner