According to IRS rules, there is no minimum age to open a Roth IRA as long as certain rules are met. Questions: What is probably the most important rule for children to meet? What are some other Roth IRA rules? Does money for a Roth have to come directly from your child’s pocket? What if… Read more »
Posts Tagged: tax regulations
Tax Laws for Tangible Property
Late in 2013, the IRS issued final regulations regarding repair regulations and rules regarding the treatment of expenditures for acquiring, maintaining, or improving tangible property. The IRS issued final regulations on the treatment of disposing tangible property in 2014. This article provides guidance on the capitalization and expenditure rules contained within the regulations. Questions: 1…. Read more »