August 02, 2017 · Lee Reams II

Analysis of Required Minimum Distribution for Year of the Individual Retirement Account Owner’s Death

Often the question arises related to the need for a required minimum distribution (RMD) in the year of the IRA owner’s death.  Informatio...

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July 26, 2017 · Lee Reams Sr.

IRAs and Unrelated Business Income

Generally an IRA is exempt from all income taxes.  An exception to that is tax on unrelated business income (UBI), which the IRA receive...

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July 19, 2017 · Lee Reams Sr.

Taxation of Pensions by Former Resident States

A frequent question is: what is the taxation of IRAs and qualified pensions by a taxpayer’s former state of residence?  The Congress in ...

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July 12, 2017 · Lee Reams Sr.

Tax Issues When Converting a Home to a Rental

When a taxpayer converts their home to a rental, there are a number of tax issues that come into play.  The following are key tax circums...

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July 05, 2017 · Lee Reams Sr.

Paid Family Leave and Taxes

Paid family leave (PFL) is a form of compensation paid to eligible individuals who are unable to work because they are caring for a serio...

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June 29, 2017 · Lee Reams Sr. · employee

Misclassified as an Independent Contractor

It is not uncommon to encounter a client with 1099-MISC income from an employer that is treating him or her as an independent contractor ...

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