This is the time of year that many people make IRA contributions. When nondeductible contributions are made, they are recorded on Form 8606. These contributions are not taxed when distributed. The ...

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 ...

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.

Q. When it comes to Form 8606, the form asks for the value of all your IRAs. Does that include Roth IRAs also? I have $10,000 in non-deductible IRAs for which I'm getting a small write-off. -- ...

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 ...

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 ...

My husband cashed out an IRA this year that was a post-tax traditional IRA. He turned 60 Dec 2009 . Since there will be no penalty for early withdrawal, I'm going to make the assumption that you have ...

Most investors who stash money in Individual Retirement Accounts are unaware of Internal Revenue Service Form 8606. The IRS requires use of this form to figure the tax tab on certain kinds of ...

Some taxpayers will need this form to get access to the increasingly popular tax-free retirement account. The Roth IRA was a truly groundbreaking retirement savings option when lawmakers created 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.