Tax planning for Roth IRAs

Tax planning for Roth IRAs

Tax year 1998 was the first year a Roth IRA could be established. Approximately $21 billion poured into mutual funds via Roth IRAs at that time. However, taxpayers have made numerous errors with their Roth IRA investments. Effective January 1, 2000, recharacterization rules have changed for an IRA o...

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Veröffentlicht in:The Tax Adviser 2000-05, Vol.31 (5), p.290
Hauptverfasser: Bauman, Christine Czekai, Koehn, Jo Lynne
Format: Magazinearticle
Sprache:eng
Schlagworte:
Analysis
Conversion
Income taxes
Individual retirement accounts
Personal finance
Reg. 1.408A
Roth IRAs
State taxes
Tax accounting
Tax planning
Tax regulations
Taxation
Taxpayers
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Zusammenfassung:Tax year 1998 was the first year a Roth IRA could be established. Approximately $21 billion poured into mutual funds via Roth IRAs at that time. However, taxpayers have made numerous errors with their Roth IRA investments. Effective January 1, 2000, recharacterization rules have changed for an IRA owner who converts a traditional IRA to a Roth IRA during any tax year and then transfers that amount back to a traditional IRA.
ISSN:0039-9957