Category Archives: Tax Education

Our Common Prohibited Transactions series now an eBook!

From January through May of last year, Kingdom Trust published a Common Prohibited Transactions blog series. This six-part series was published as part of our ongoing effort to educate retirement account holders. Now you can read the entire Common Prohibited Transactions series in a new eBook from Kingdom Trust! The intent of this eBook is to […]

Cybercriminals Targeting Tax Professionals

In an alert released last week, the IRS warned tax professionals about new threats posed by cybercriminals. As with that of investment advisors and legal professionals, information from tax professionals can be very lucrative for crooks. These cybercriminals target tax professionals by posing as individuals seeking tax preparation and advice. Unfortunately, cybercriminals can be extremely […]

2017 Contribution Limits for Retirement Plans

Happy New Year 2017! At the start of every tax year, it’s important to remember your retirement account contribution limits. So, with that in mind, let’s briefly go over the limits for this new year. While most 2017 contribution limits remain at 2016 limits, two account types will see slight increases. Traditional IRA and Roth IRA […]

Could Taxes Take a Bite Out of Your Retirement?

Have you and your tax professional determined how much of your income will be taxable during your retirement years? This is an important determination to make. Isolating how much of your retirement income must be diverted for taxes will give you a clearer picture of how much money you’ll actually have during retirement. In this […]

Taking Advantage of Qualified Charitable Distributions

The tax benefits for donating to charity are a little clearer this year. Last December, Congress made permanent a law allowing individuals 70½ or older to give directly from their IRAs rather than having to take a distribution that would incur income taxes. This is known as a qualified charitable distribution (or QCD). You can […]

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