IRA Archives - FREE Yourself from IRS Problems

Shamsey Oloko January 24, 2025 401k, Civil Liabilities, Collection Activities, Federal Tax Liens & Levies, Income, Income Exclusions, Income Tax, Income Tax Return, IRA, Levies & Liens, Retirement Accounts, Roth IRA, Roth Thrift Savings Plan, Trust Fund Recovery Penalty 0

Can the IRS Take Your 401(k) For Taxes Owed?

Many people who owe back taxes wonder how far the IRS can go. Some fear that the government might take funds from a retirement plan, such as a 401(k), to cover unpaid debts. These worries can grow when you receive…

Shamsey Oloko January 17, 2023 Income, Income Tax, Income Tax Return, IRA, Retirement Accounts, Roth IRA 0

If You Are Age 72 or Over, You Must Make Required Minimum Distributions from IRAs and Retirement Plans to Avoid Penalties

If you are a taxpayer, you are required to take annual Required Minimum Distributions (RMDs) from your IRA and retirement plans when you reach age 72. Every year as the new year begins, the IRS reminds us that if you…

Shamsey Oloko March 10, 2017 IRA, Retirement Accounts 0

Most Confusing Parts Of The Income Tax Code, Part 3: Retirement Accounts

Many provisions of the Internal Revenue Code are complicated. Proper interpretation of the rules and regulations contained in these provisions requires the assistance of an experienced and knowledgeable tax professional. The third part of our series about the most confusing…