Tax and financial advice from the Silicon Valley expert.

Tax tips and developments relating to individuals

Permitted investments for Roths and IRAs

It's easier to say what can't be held than what can be held in a Roth or IRA. You can't hold collectibles or life insurance contracts in a Roth or IRA. Roths and IRAs aren't permitted shareholders of S corporations, except for bank stock held on October 22, 2004, so S corporation stock generally is not a permitted investment for a Roth or IRA.

Read More

Does your Roth or IRA owe an income tax?

Many people aren’t aware that “tax exempt” entities, including charities and retirement plans, are subject to income taxes on certain types of income, called “unrelated business income.” How to apply the tax rules for unrelated business income is one of the more complex sections of the income tax laws.

Read More

Tax and financial advice from the Silicon Valley expert.