EMPLOYMENT TAXES AND 401(K)/403(B)/457(B) CONTRIBUTIONS

By Jeremy T. Rodriguez, JD IRA Analyst Most defined contribution company retirement plans are going to consist of at least two components: the contributions the employer makes to the plan and the deferrals from salary the employee makes into the plan. Plans do not...

TRACKING BASIS WITH IRS FORM 8606

By Jeremy T. Rodriguez, JD IRA Analyst Like other accounts, distributions from IRAs of basis comes out tax-free. In this setting, basis would include both nondeductible IRA contributions and after-tax funds rolled over from company plans. While after-tax funds in an...