AICPA personal financial specialist Randy Abeles, CPA, explains when taxpayers must file Form 8606 - the form used to report nondeductible contributions made to traditional IRAs. Question: There are ...

Carol explained that she had rolled a 401(k) from a former job into a traditional IRA. Later, she began contributing to that IRA with after-tax money — without realizing that, unlike a Roth IRA, she ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's what to do if you haven't gotten yours yet. Macy Meyer Writer II Macy is a writer on the AI Team. She covers how AI is ...

It’s not uncommon for financial planners to uncover mistakes on a client’s tax return. Yes, most financial planners are not tax preparers. But often they review a client’s tax return when creating a ...