Tax Court Addresses Self-Directed IRA
The recent Tax Court opinion in McNulty v. Commissioner, 157 T.C. No. 10 (2021) addressed whether distributions from a purported self-directed IRA were taxable. The Court also took up the question of...
View ArticleCrypto Mining and Retirement Accounts
Crypto mining has been extremely profitable over the last few years, with Bitcoin miners making an estimated $15 billion of revenue and several mining companies going public in 2021. Miners are...
View ArticleTaxation of IRA Distributions | The 60-Day Rollover Requirement and A Fraud...
On October 2022, I blogged about What happens to a loan taken against a qualified retirement plan when the plan terminates or employment is terminated? That blog addressed recently-effective Treasury...
View ArticleIRAs Part I – The Basics
Individuals have access to a wide variety of vehicles for investing hard-earned (or not-so-hard earned) money. Some of these, including “individual retirement accounts” (or “IRAs”), provide potential...
View ArticleIRAs Part II – Contributions and Distributions
This post is a follow-up to my previous post in which I discussed some of the basics concerning Individual Retirement Accounts (“IRAs”). It can be found here if you haven’t read that post yet. In...
View ArticleQualified Domestic Relations Orders Demystified | What divorcing spouses...
Divorce and retirement plans Many domestic proceedings involve the division of retirement assets. With more than 80 million workers in the U.S. being covered by an employer-provided retirement plan,...
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