The IRS recently published Revenue Procedure 2016-47. This revenue procedure makes it easier for individuals to qualify for a waiver when they miss the 60-day limit for an IRA rollover. If you take a distribution from an IRA, you can classify it as a rollover if you deposit the money back into an IRA within […]
Archives for September 2016
Potential Tax Impact of Selling Your Home
Millions of people make the big decision to sell their home each year. According to realtor.org, 5,250,000 existing homes were sold in 2015. Like other major life decisions, the sale of your house has potential tax implications. Selling your house will result in a gain or a loss. The gain or loss is the difference […]