William Byrnes' Tax, Wealth, and Risk Intelligence

A “qualified rollover contribution” can be made from a traditional IRA or any eligible retirement plan to a Roth IRA.  Amounts that are held in a SEP or a SIMPLE IRA that have been held in the account for two or more years also may be converted to a Roth IRA.

Read the three page of planning tips from William Byrnes and Robert Bloink’s Tax Facts Online analysis at > Think Advisor <

The new myRA, to be established by Treasury under request of President Obama, is covered previously in this blog at > myRA <  Several blog subscribers have emailed me with policy and operational questions about the “myRA“.   A vein of questions that I find particularly interesting is whether tax policy rests with the executive instead of Congress?  The myRA has a tax benefit (tax exemption during the earnings period) and a cost (no fees to be passed onto the employee, but as the adage goes: “there is no free lunch”).  Tax Policy (tax imposition and tax benefit) should be established by Congress as part of the democratic process of establishing a fiscal budget.   Yet, this norm is not absolute because Congress handed over of both establishing and enforcing regulation to the Executive (Treasury in this case).  Establishing and enforcing the regulations also impacts policy.  If you care to comment directly in the blog, do so below or feel free to continue sending me your comments directly. 

Authoritative and easy-to-use, 2014 Tax Facts on Insurance & Employee Benefits shows you how the tax law and regulations are relevant to your insurance, employee benefits, and financial planning practices.  Often complex tax law and regulations are explained in clear, understandable language.  Pertinent planning points are provided throughout.

Organized in a convenient Q&A format to speed you to the information you need, 2014 Tax Facts on Insurance & Employee Benefits delivers the latest guidance on:

• Estate & Gift Tax Planning
• Roth IRAs
• HSAs
• Capital Gains, Qualifying Dividends
• Non-qualified Deferred Compensation Under IRC Section 409A
• And much more!

Key updates for 2014:

• Important federal income and estate tax developments impacting insurance and employee benefits including changes from the American Taxpayer Relief Act of 2012
• Concise updated explanation and highlights of the Patient Protection and Affordable Care Act (PPACA)
• Expanded coverage of Annuities
• New section on Structured Settlements
• New section on International Tax
• More than thirty new Planning Points, written by practitioners for practitioners, in the following areas:
  • Life Insurance
  • Health Insurance
  • Estate and Gift Tax
  • Deferred Compensation
  • Individual Retirement Plans

Plus, you’re kept up-to-date with online supplements for critical developments.  Written and reviewed by practicing professionals who are subject matter experts in their respective topics, Tax Facts is the practical resource you can rely on.