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dlzallestaxes@msn.com
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Group: Admin
Joined: 2019/06/23
Illustrious Member Admin
As you said, this is a complex situation. I will try to simp...

In forum 72t Discussion Forum

3 days ago
I have suggested to the moderator of this website that it wo...

In forum 72t Discussion Forum

3 weeks ago
Accordingly, I think that you will probably need about $ 1,0...

In forum 72t Discussion Forum

3 weeks ago
This table contains the maximum Applicable Federal Rates (al...

In forum 72t Discussion Forum

3 weeks ago
I agree with T William. I think that you misunderstood what ...

In forum 72t Discussion Forum

3 weeks ago
You didn't answer s to the amount of your IRA. For simplicit...

In forum 72t Discussion Forum

3 weeks ago
Congratulations !!! BTW, be careful about converting your ho...

In forum 72t Discussion Forum

3 weeks ago
Yes, you are recalculating every year, so you will calculate...

In forum 72t Discussion Forum

2 months ago
No, but it is taxable, unless you repay it before 12/31/2020...

In forum 72t Discussion Forum

2 months ago
Lots of luck finding a CPA, EA (Enrolled Agent) or Financial...

In forum 72t Discussion Forum

2 months ago
You certainly may use the fixed amortization method; e.g. ca...

In forum 72t Discussion Forum

3 months ago
The internet and "people" is not always the best place to ge...

In forum 72t Discussion Forum

3 months ago
That was my response several times above. 

In forum 72t Discussion Forum

3 months ago
Dec 15 is just a CYA approach in case the financial institut...

In forum 72t Discussion Forum

3 months ago
Since your annual distribution is less than the Standard Ded...

In forum 72t Discussion Forum

3 months ago
In the past (on the previous website), sometimes the differe...

In forum 72t Discussion Forum

3 months ago
Luckily you found the original SEPP 72-T website, and this s...

In forum 72t Discussion Forum

3 months ago
I have clients who have "retired" in their 50's. If they are...

In forum 72t Discussion Forum

3 months ago
That is correct. You should get two form 1099-R, one under y...

In forum 72t Discussion Forum

3 months ago
mlvmlv -- You do so at your own peril. As I said it is 60 MO...

In forum 72t Discussion Forum

3 months ago
Sorry, I was confusing 2 different postings. Yours started 1...

In forum 72t Discussion Forum

3 months ago
I hope that you understand that English is a tricky language...

In forum 72t Discussion Forum

3 months ago
Yes. But, if you want/need money sooner than 9 monthly payme...

In forum 72t Discussion Forum

3 months ago
Yes, you can change the frequency of your distributions, but...

In forum 72t Discussion Forum

3 months ago
I'm sorry that some of the links show up as garbage, that yo...

In forum 72t Discussion Forum

3 months ago
I checked with a tax guru whose knowledge I highly respect. ...

In forum 72t Discussion Forum

3 months ago
Separately, your son should be aware that the 12% tax bracke...

In forum 72t Discussion Forum

4 months ago
I reached out to a guru on retirement plans to clarify per t...

In forum 72t Discussion Forum

4 months ago
You are correct. New "STRETCH" rules started for TRADITIONAL...

In forum 72t Discussion Forum

4 months ago
I forgot to mention that if the person who died was over 70 ...

In forum 72t Discussion Forum

4 months ago
You did not provide enough information for a "professional" ...

In forum 72t Discussion Forum

4 months ago
Accountants/tax practitioners do not handle investments, unl...

In forum 72t Discussion Forum

5 months ago
Since you have a 401-K, did the employer do his match with c...

In forum 72t Discussion Forum

5 months ago
GREAT POSTING. I would add to it the fact that most CPAs do ...

In forum 72t Discussion Forum

6 months ago
Apple turned out to be an excellent investment too. I have a...

In forum 72t Discussion Forum

6 months ago
WOW. You have made great investments. There isn't much I can...

In forum 72t Discussion Forum

6 months ago
The IRS has 11 MILLION unopened envelopes. Do you really thi...

In forum 72t Discussion Forum

6 months ago
I forgot that the IRS lowered the fee for individual PLR's. ...

In forum 72t Discussion Forum

6 months ago
With Congress going on vacation, and the forthcoming electio...

In forum 72t Discussion Forum

6 months ago
You misread the alert. The CARES ACT provision applies to AD...

In forum 72t Discussion Forum

6 months ago
I doubt that it would be anything that anyone would ever pur...

In forum 72t Discussion Forum

6 months ago
I think that you make an interesting point, with a thoughtfu...

In forum 72t Discussion Forum

6 months ago
Your basic assumption is INCORRECT. We often get postings wi...

In forum 72t Discussion Forum

7 months ago
I assume that you started with the first distribution on 4.1...

In forum 72t Discussion Forum

7 months ago
NO CHANGE FOR SEPP 72-T. IT IS SPECIFICALLY MENTIONED IN THE...

In forum 72t Discussion Forum

8 months ago
If you go to the HOME PAGE, you will see "SEPP DISTRIBUTION ...

In forum 72t Discussion Forum

9 months ago
You have several choices in your example of starting in July...

In forum 72t Discussion Forum

9 months ago
No. Whichever method that you use, you are required to take ...

In forum 72t Discussion Forum

9 months ago
You can take distributions in any frequency, and can change ...

In forum 72t Discussion Forum

9 months ago
Yes, you have various options. First, you can take either th...

In forum 72t Discussion Forum

9 months ago
YES. You completed your plan on 4/6/2020. You can do anythin...

In forum 72t Discussion Forum

9 months ago
IT WILL BUST YOUR SEPP IF YOU TAKE "ANY" ADDITIONAL AMOUNT. ...

In forum 72t Discussion Forum

10 months ago
2020 CARES ACT: NEW STIMULUS BILL DOES NOT APPLY TO SEPP 72-...

In forum 72t Discussion Forum

11 months ago
Great insight in looking for a different CPA/tax professiona...

In forum 72t Discussion Forum

12 months ago
Correct. You can take either the full annual distribution or...

In forum 72t Discussion Forum

12 months ago
Yes, you can voluntarily terminate your plan at any time, an...

In forum 72t Discussion Forum

12 months ago
If you were born 2/1/1957, then you are already 63, not 57 !...

In forum 72t Discussion Forum

12 months ago
Wells Fargo. As of 1/2/2019 you became 59 1/2, and any distr...

In forum 72t Discussion Forum

1 year ago
Probably you can make the distribution at any time in April,...

In forum 72t Discussion Forum

1 year ago
There isn't any connection between the interest rate timing ...

In forum 72t Discussion Forum

1 year ago
You can also consider setting your non-retirement account up...

In forum 72t Discussion Forum

1 year ago
Almost all of the brokers and funds code the 1099-R distribu...

In forum 72t Discussion Forum

1 year ago
P.S. You should also look at the resource on this website to...

In forum 72t Discussion Forum

1 year ago
Don't worry about finding a tax practitioner to file your ta...

In forum 72t Discussion Forum

1 year ago
I wouldn't do that. You are making your situation overly com...

In forum 72t Discussion Forum

1 year ago
P.S. Taking ROTH IRA DISTRIBUTIONS in the same year as start...

In forum 72t Discussion Forum

1 year ago
e usually like more specific information before responding t...

In forum 72t Discussion Forum

1 year ago
I would not be concerned about the rounding issue for $ 1. I...

In forum 72t Discussion Forum

1 year ago
No, as long as you have taken them for at least 60 months. S...

In forum 72t Discussion Forum

1 year ago
First of all, you have an error in the info for your templat...

In forum 72t Discussion Forum

1 year ago
If you are still employed, or returned to the work force, or...

In forum 72t Discussion Forum

1 year ago
Between 59 1/2 and 72, you should probably consider taking d...

In forum 72t Discussion Forum

1 year ago
I agree that 2020 CAN BE a stub year at 11/12 of the ANNUAL ...

In forum 72t Discussion Forum

1 year ago
Instead of using a lower interest rate, I. and others on thi...

In forum 72t Discussion Forum

1 year ago
I do not know of any broker or mutual fund who will use code...

In forum 72t Discussion Forum

1 year ago
FYI -- THE NEW "EXTENDER" TAX LAW HAS JUST REVISED YESTERDAY...

In forum 72t Discussion Forum

1 year ago
The problem here is that you can only exclude the amount of ...

In forum 72t Discussion Forum

1 year ago
When you started your SEPP 72-T plan, it was required that t...

In forum 72t Discussion Forum

1 year ago
I do not believe that you have done anything wrong, and I do...

In forum 72t Discussion Forum

1 year ago
Also, you did not indicate your age/DOB. If you are now over...

In forum 72t Discussion Forum

1 year ago
I think that you should refer to IRB 2002-42 ISSUED 10/21/20...

In forum 72t Discussion Forum

1 year ago
What did you find in your research that leads you to believe...

In forum 72t Discussion Forum

1 year ago
Syed -- We haven't heard from you in 2 months since your Sep...

In forum 72t Discussion Forum

1 year ago
I would wait for the next liquidation, pay off the loan, and...

In forum 72t Discussion Forum

1 year ago
If you do repay the distribution, I believe that you could i...

In forum 72t Discussion Forum

1 year ago
I agree with your decision to just terminate the SEPP 72-T p...

In forum 72t Discussion Forum

1 year ago
I think that the Vanguard form may be designed for RMD (Requ...

In forum 72t Discussion Forum

1 year ago
You are using the wrong interest rate. You are only allowed ...

In forum 72t Discussion Forum

1 year ago
I was about to suggest that you can convert even more. First...

In forum 72t Discussion Forum

1 year ago
You set up a ROTH IRA account, usually at the same financial...

In forum 72t Discussion Forum

1 year ago
You have a unique situation as a non-resident alien with an ...

In forum 72t Discussion Forum

1 year ago
Please indicate all of the figures that apply to your situat...

In forum 72t Discussion Forum

2 years ago
Actually it has a lot of support. It passed the U S House ea...

In forum 72t Discussion Forum

2 years ago
I have not seen any discussion or proposal for RMD to be inc...

In forum 72t Discussion Forum

2 years ago
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