Posts Tagged ‘Pay IRA Taxes’

Roth IRA Rollover Tax – What you’ll owe on Your Transfer

The year 2010 may well be remembered as the year of the Roth IRA. That’s because legislative changes that have taken effect this year are making it more advantageous – and possible – than ever before to rollover money from traditional IRAs into Roth IRAs. Most notably, the previous limits on adjusted gross income that prevented some individuals from investing in a Roth IRA are now gone, making this great option available to everyone. (more…)

Who is required to pay the IRA Rollover Tax?

Is there an actual IRA rollover tax? Strictly speaking, no. But does that mean you won’t be required to pay taxes when you rollover your IRA? Not necessarily. (more…)