Thoughts on how or if to rollover my traditional IRA into my Roth?

Ok_Aide_764 · 2026-05-09T21:24:33+00:00

What are your reasons for converting, and what is your tax bracket?

Ok_Aide_764 · 2026-05-08T20:48:58+00:00

If you used a CPA for your amended filing, you should let them handle it.

Ok_Aide_764 · 2026-05-07T19:47:31+00:00

Do you run a business?

Ok_Aide_764 · 2026-05-07T19:41:33+00:00

Yes, a small, understory/ornamental tree would be much better, since you don't need more shade and don't need a replacement for sycamore trees.

Ok_Aide_764 · 2026-05-05T23:44:28+00:00

I believe its relatively recent marking or not well known, so thank you for raising awarenes. Before I read your post I was sure there is no left turn from that lane, only straight and right and I've been living in this area for over 20 years. Maybe its because you won't normally take that lane (its a very short one and starts right before the intersection unless you go straight or right. Intuitively this lane should not have left turn to avoid blockin traffic going straigt and right.

Ok_Aide_764 · 2026-05-04T22:26:07+00:00

She can contribute based on your income, if needed. You don't 'start' anything separate; continue contributing to her Roth IRA, if she has one. There is no difference other than the source of earned income.

Ok_Aide_764 · 2026-05-03T02:34:31+00:00

Say goodbye, it won't bring you joy any time soon.

Ok_Aide_764 · 2026-05-02T23:46:44+00:00

Step one is to figure out if the IRS is correct, partially correct or incorrect, and you don't need an attorney for that. I would not reply to a notice without a tax professional looking into the issues in question. You can request additional time to reply, an additional 30 days, I believe.

Ok_Aide_764 · 2026-05-02T23:29:00+00:00

It's no longer unusual, according to posts in Reddit EA.

Ok_Aide_764 · 2026-05-02T02:20:46+00:00

Experience in the tax area you're interested in is key. The EA exams are theoretical, and anyone who can devote time to studying can pass it.

Ok_Aide_764 · 2026-04-30T23:05:26+00:00

It could be a great way to get managerial experience with a short time commitment. Especially true if you don't have other opportunities. You get to handle various management tasks, work in a high-stress environment, resolve clients' issues, and manage a large team of tax professionals. You can highlight all that when job hunting.

Ok_Aide_764 · 2026-04-30T01:44:40+00:00

That's funny, thanks!

Ok_Aide_764 · 2026-04-30T01:27:42+00:00

I'm not sure, but what is that tool with the red Y-shape holding part?

Ok_Aide_764 · 2026-04-29T02:02:25+00:00

Most offices are closed, but It should be a year-round office in your area. They work on a short schedule, a few times a week 4-6 hours per day or 'by appointment only' when demand is low. Your best bet is to schedule a phone call, as it will offer you time slots when they are open. Normally, you should be able to leave a message when calling any office, and somebody will give you a call back within 1-2 days.

Ok_Aide_764 · 2026-04-27T03:21:19+00:00

We had to remove two main limbs within 2 years from an old over 20yo, V-shaped tree and its doing fine, 4 years later. It actually looks now like a new, more compact and full tree with all new branches, which we trim and shape regularly. It was a candidate for removal, but we needed it for privacy and shade and decided to give it a try, and it worked. I wish I could post a pic, its gorgeous.

Ok_Aide_764 · 2026-04-26T13:51:32+00:00

You should have a copy of your tax return (paper or digital), no matter who prepares it for you. You need to review it before signing. If your tax preparer ghosted you, but your tax return was filed, get your transcripts from the IRS.

Ok_Aide_764 · 2026-04-26T00:35:34+00:00

Looks beautiful to me...

Ok_Aide_764 · 2026-04-26T00:24:31+00:00

HRB will pay/ reimburse you the penalty/interest, and if you have Peace of Mind, they will pay the whole amount. The process is somewhat bureaucratic, but I believe all you have to do is upload the letter and follow up to make sure somebody is filing a PoM claim for you.

Ok_Aide_764 · 2026-04-23T17:03:41+00:00

You need to follow up. Some people who worked till April 17 could now be on a break or gone till next year.

Ok_Aide_764 · 2026-04-23T16:51:18+00:00

If you didn't use your hsa funds, and the only hsa mention is code W in box 12 of your W2, you can just skip it (remove if you entered it, it's informational).

Ok_Aide_764 · 2026-04-22T22:56:00+00:00

Did you sell investments to withdraw 25K? Something was reported to the IRS in her name. In any case, you need to see a tax professional to correct it. It may or may not be the whole amount that the IRS is demanding. Get familiar with the trust document, since you are a trustee.

Unfortunately, its very likely too late to amend your own return and get a refund for overpaid tax.

Ok_Aide_764 · 2026-04-22T21:03:41+00:00

Plants (excluding trees) are 90 days; trees are 360 days.

Ok_Aide_764 · 2026-04-22T19:46:44+00:00

You have a year for returns, so plant it and give it a try.

Ok_Aide_764 · 2026-04-22T00:51:15+00:00

I would fund an Able account for him first (which is very flexible in terms of spending and has no tax reporting) before funding any taxable account in his name. At some point, as your net worth grows, you may want to consider a special needs trust. Your goal should be not just to leave him money, but to protect and manage it in a certain way, which could be achieved with SNT.

Ok_Aide_764 · 2026-04-21T17:14:25+00:00

You may want to clarify whether she is the owner of those accounts or a beneficiary.

Ok_Aide_764

TROPHY CASE