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Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble

Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble

TaxTV Staff July 26, 2012 0

When planning for retirement an individual retirement account (IRA) is a very common tax friendly way of saving.  For most people that have a retirement plan, whether an IRA, 401(k), 403(b) or others, their

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Retirement Plans and Executive Compensation Focus

Retirement Plans and Executive Compensation Focus

TaxTV Staff June 25, 2012 0

Featured Video – Employee Stock Ownership Plans (ESOP) // // ]]> // // // //   Retirement Plans and Executive Compensation Tax Archive

Understanding Individual Retirement Accounts (IRAs)

Understanding Individual Retirement Accounts (IRAs)

TaxTV Staff May 10, 2012 0

Top Takeaways 1: Traditional IRA is anything other than a Roth IRA or Simple IRA The traditional IRA is any IRA that is not a Roth or Simple IRA.  Two advantages are that you

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Retirement Savings Contribution Credit

Retirement Savings Contribution Credit

TaxTV Staff March 20, 2012 0

Top Takeaways 1: Saver’s Credit has income limits based on filing status If you are single, married filing separately, or a qualifying widower, your income cannot exceed $27,500. If you are Head of Household,

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RETIREMENT SAVINGS CONTRIBUTION CREDIT

RETIREMENT SAVINGS CONTRIBUTION CREDIT

TaxTV Staff December 18, 2011 1

There is a special tax credit that low and moderate-income tax workers can take to save for retirement called the Retirement Savings Contribution Credit. This credit will help offset part of the first $2,000

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Year-end Tax Tips for Investors

Year-end Tax Tips for Investors

TaxTV Staff December 1, 2011 0

For investors the approach of the New Year heralds a final review of portfolios. Financial advisors tell their clients to check their holdings this time of year to cull poor performers. By doing so,

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