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Tag: individual retirement account

Inherited IRAs

Posted on August 2, 2014 by Lisa_Hull

Individual Retirement Accounts are considered to be exempt retirement funds within the meaning of the federal bankruptcy law.  However, in a unanimous decision, the Supreme Court recently held that inherited IRAs do not qualify for protection from creditors in bankruptcy.  An inherited IRA is just what the name indicates, an IRA inherited from anyone except Read more about Inherited IRAs[…]

Posted in RetirementTagged bankruptcy, individual retirement account, inherited IRA, IRA, penalty, retired, Supreme CourtLeave a comment

IRA Rollover Distributions Within 60 Days

Posted on April 24, 2014 by Lisa_Hull

We had a question come up at work a few weeks ago and I think it’s a good strategy that few people take advantage of. One of our customers, let’s call him Bob, wanted to buy a car for his grandson. Bob was due to receive a large settlement from a lawsuit in a month Read more about IRA Rollover Distributions Within 60 Days[…]

Posted in RetirementTagged Bobrow, individual retirement account, IRA, IRA distribution, IRA rollover, IRA rollover 60 days, Publication 590Leave a comment

IRA Contributions: Reducing Your 2013 Tax Bill

Posted on April 13, 2014 by Lisa_Hull

If you are looking for a way to reduce your 2013 tax bill, you may want to consider making an IRA contribution. It’s not too late, IRAs may be funded until April 15, 2014 for a deduction on your 2013 tax return. In order to make an IRA contribution you must receive earned income. The Read more about IRA Contributions: Reducing Your 2013 Tax Bill[…]

Posted in Deductible ExpensesTagged 2013 IRA limits, Adjusted Gross Income, AGI, individual retirement account, IRA, IRA contribution, IRA contributions, Roth IRALeave a comment

IRAs

Posted on April 1, 2013October 13, 2017 by Lisa_Hull

Looking for a way to reduce your 2012 tax bill?  If you have earned income and meet certain other requirements, you might want to consider making a contribution to an individual retirement account (IRA).  It’s not too late; IRA contributions must be made on or before April 15, 2013 for a deduction on your 2012 Read more about IRAs[…]

Posted in Retirement, UncategorizedTagged catch up contribution, individual retirement account, IRA, IRA contribution, personal savings, reduce 2012 taxes, retirement, tax deductible ira, tax deferred growthLeave a comment

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DISCLAIMER
Lisa W. Hull, CPA, PC
P.O. Box 20502
Waco, TX 76702
lisahullcpa@gmail.com
(254) 723-4270

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