BASKING RIDGE, NJ- Tax season comes and people start saying,  “I thought that the money I take out of my Roth IRA is always tax free—right?” Unfortunately, some exceptions to this rule could leave you facing a hefty tax and/or penalty if you are not careful.

To avoid surprises or unexpected penalties on distributions from your Roth IRA, 
click herepdf to download “Determining Tax on Roth IRA Distributions in 5 Easy Steps.”
For professional assistance handling your current Roth accounts, making potential conversions 
or building a tax-efficient plan for your retirement income, contact our office at 877-714-2362

 

Walter Pardo is Managing Partner of WFP TAX PARTNERS that  utilizes their exclusive team of CPA’s to provide tax planning, preparation and filing services to clients. Located 106 Allen Road, Suite 104, Basking Ridge, NJ and serving clients across the country. Member of National Association of Tax Professionals and a Ed Slott Master Elite IRA Advisor.