How to Save Clients From Making Big Mistakes With Their IRAs

May 9, 2016 / By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
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Excess IRA contributions often go undetected, resulting in significant excise and income taxes for clients. An audit of IRS Form 5498 can help you identify a client’s excess contributions in time, so you can make necessary corrections by the applicable deadline and avert possible penalties.

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