SECURE Act 2.0 Archives

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

Preparation

Key Considerations for Enrolled Agents in the Upcoming Tax Season

The Tax Cuts and Jobs Act (TCJA) of 2017 brought substantial changes to individual income taxes, but many of these provisions are scheduled to expire at the end of 2025. As tax practitioner... Stephen Molchan, EA

Winter 2023, Preparation, required minimum distribution, TCJA, RMD, Tax Cuts and Jobs Act, capital gains, s corporation, c corporation, §199A, SECURE Act 2.0, partnership, Alternative minimum tax, ROTH IRA, limited liability company, LLC, sole proprietor, adjusted gross income, AGI