Currently viewing the tag: "Roth IRA"

The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the ability to use recharacterization to reverse the conversion of a Traditional IRA into a Roth IRA. The process of undoing a Roth conversion was called a “Roth recharacterization.” This rule existed because tax payers often did not know what their total income would be […]

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Last week I talked about the double taxation of dividends. Corporations pay tax on their earnings which are taxed a second time when they are distributed to the shareholder as dividends. The Jobs and Growth Tax Relief Reconciliation Act of 2003 was an attempt by Congress at minimizing the tax bite by allowing dividends to […]

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