You can withdraw and avoid a penalty if:
the maximum contribution is subject to the annual gift tax exclusion. Currently, the exclusion is $18,000 for a single parent and $36,000 for a married couple.
Do not attempt to represent yourself!!! We routinely represent clients with Federal and State audits to minimize exposure. Give us a call and let us take the burden off your shoulders.
There are a few requirements that must be met to qualify. We can quickly review your business structure and recommend changes to ensure you qualify.
There are income limitations, however, there are many exceptions to the general rule. Please contact us for an evaluation.
No, our firm offers free consultations to prospective clients.
Please see our “Contact Us” tab on the home page and give us a call or send an email to our address in the Contact US tab.