Form 8606 reports nondeductible IRA contributions and distributions. Learn its purpose, who needs to file, how to complete it ...

The Roth IRA was a truly groundbreaking retirement savings option when lawmakers created it almost 20 years ago. Yet for many taxpayers, the Roth IRA was off-limits due to income restrictions.

If you have an individual retirement account, you need to get acquainted with IRS Form 8606 before filing your tax return this year. Failing to file a Form 8606 could result in a $50 penalty unless ...

Individual Retirement Arrangements are designed to provide tax advantages to encourage us to save for retirement. Most IRA owners are familiar with their IRA account statements showing their current ...

This article, the second of a three-part series on how to implement an effective backdoor Roth strategy, was written by guest contributors Steven Jarvis, CPA, MBA, and Matthew Jarvis, CFP. Continuing ...

I contributed for the first time to a traditional IRA in March of 2012 for the 2011 tax season since the IRS allows this. However, I did so after I filed my 2011 tax return. Do I need to send the IRS ...

Forbes contributors publish independent expert analyses and insights. I write about achieving wealth and how it intersects with our lives. This article is more than 6 years old. As the April 15 th tax ...