Essential Tax Tips for IRAs
By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
Horsesmouth Essential: Woe to the taxpayer who runs afoul of the numerous and confusing IRA rules. There are forms to file, contributions to make, distributions to take, and penalties to avoid. While corrections are possible, it’s best to avoid mistakes in the first place. Here's what you need to know.