What is the IRA contribution reclassification deadline for 2005?
437605
We don't tell our secrets.
735323
If your only contribution to the traditional IRA is the rollover, then you may still be able to contribute up to $4000 ($4,500 if you are over age 50) to either the same traditional IRA or to a Roth IRA, depending on which one best fits you. \nThere are other factors involved here, such as whether or not you still contribute to your employer's retirement plan and how much you make. I'd be happy to do the calculations for you if you'll give me those numbers. But I understand that is sensitive information, so I will send you the link to the form you use to figure allowable contributions. \nRollovers are not considered contributions because they are in the same type of tax-advantaged plan. You would only have to be concerned if you put more into the IRA than you had in the 401K, or, conversely, if you spent some of the money and didn't out it all in (you might be liable for tax and penalties in that case). \nLet me know if I can be of further assistance :)
915130
We'll have to wait and see.  It was supposed to expire for 2006, but there is legislation before Congress to extend it.  Currently, the Schedule A available at irs.gov does not include a line for it.  That does not mean that it is final.
183155
I am not sure exactly what your question is asking.  If you retire at 55, but need to access your IRA money right away, you should look into IRS rule 72t.  There are a few different methods of doing this and you need to sit down with a tax advisor to make sure that you do it right.  Click this link for an article that has more info\nhttp://ktla.trb.com/business/yourmoney/sns-yourmoney-0403moneytalk,0,7524444.story\n\nGood Luck!!!
444190
Depends upon the source of the large sum. In most cases, it's 2006, not 2005.
552611
1800Merrill\nBut before you borrow from your 401k be sure to read attached article.
725173
First of all, 401(k) contributions and IRA contributions do not figure into itemized deductions.\n\nIf your joint income was over $85,000, you are not eligible to deduct anything for 2006 for an IRA contribution. Your participation in the 401(k) during the early part of the year cannot be undone. If your joint income is under $75,000, you may still make a deductible IRA contribution; and if it is over $75,000 but less than $85,000 the amount of the allowed deduction will be limited.
390740
depends on the type of account.  After 5 years you can access a Roth IRA, but usually there are penalties.
73805
Since the taxes represent the entire year before (ie: all of 2005), they like to give you enough time (3 1/2 months) to complete the forms so you can make sure to send them enough money :P
369599
wait to get the inflation and depreciation rates of this year...or if u want calculate them with the 2005-2006 rates
215427
The answer is really up to your past employer, or more correctly the company that administers that old 401(K).  Contact them to find out their rules.  Usually, there is a deadline, which is by the end of the fiscal year in which you leave the company.  But you really should call them and get the answer in writing from them.\n\nBest of Luck.
227375
Roth IRA is an after tax retirement account. As the funds go into the account they were made after taxes were paid. I am thinking that the IRS is informed when the deposit is made. You may receive a form that tells you what was reported to the IRS. Generally as long as the deposit is recorded before April 15 it can be reported as 2005 deposit. It must be part of the 2005 1040.\nDon't quote me, hope it helps.
260560
check the latest rule at www.irs.gov
696170
Rules on pensions just changed on 6 April 2006 and now you can only make a contribution in relation to 2006/07 during 2006/07, so no spreading anymore.  \n\nIf you made a big contribution you could reduce this year's tax to nil which would help to give you extra cash to pay earlier year's tax.\n\nBe aware you may well have incurred penalties by this stage.\n\nWorthwhile finding a tax adviser to help you.
976612
Contribution limit for 2005 through 2007 is $4,000\n\nCatch up contribution for individuals age 50 and up for 2006 and beyond is $1,000\n\nIncome limitation to make a contribution:\n  Single is phased out between 95,000 & 110,000 of AGI\n  Joint filers are phased out between 150,000 & 160,000 AGI\n  Married filing separate phase out between 0 & 10,000 AGI\n\nContributions are not deductable.
527186
2005 Individual Income Tax Schedule can be found here:\n\nhttp://www.irs.gov/formspubs/article/0,,id=133517,00.html
991333
Please talk to your 401K/IRA administator.  The rules are complex and you shouldn't trust the information you get from a bunch of strangers on the internet.  Good luck!