Q. When it comes to Form 8606, the form asks for the value of all your IRAs. Does that include Roth IRAs also? I have $10,000 in non-deductible IRAs for which I'm getting a small write-off. -- ...

If you have an individual retirement account, you need to get acquainted with IRS Form 8606 before filing your tax return this year. Failing to file a Form 8606 could result in a $50 penalty unless ...

Working Americans received a significant retirement-saving option when the Roth IRA went into effect on Jan. 1, 1998. For many savers who couldn’t receive a tax-advantage benefit for contributing to ...

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 ...

Forbes contributors publish independent expert analyses and insights. I write about achieving wealth and how it intersects with our lives. This article is more than 6 years old. As the April 15 th tax ...

Q. My total basis in my traditional IRA as shown on IRS Form 8606 is much more than the total amount I have contributed. This a non-deductible IRA. I am under the impression that the basis refers to ...

Q: My neighbor mentioned that I-bonds are paying 7.12%. What are I-bonds? Why are these bonds paying over 7% when most banks are paying close to zero percent? A: I-bonds are savings bonds backed by ...

Q. My total basis in my traditional IRA as shown on IRS Form 8606 is much more than the total amount I have contributed. This a non-deductible IRA. I am under the impression that the basis refers to ...