Actually, it is not listed as compensation in Pub. 590-A, it is instead mentioned as being used to "increase the amount of nondeductible IRA contributions" unde...
Thanks for your input, but I don't see how it is clear. There are exceptions noted like nontaxable combat pay. Traditional IRAs also have the same language surr...
Hello, does this apply to Roth IRAs? IRS Pub. 590-A does not talk about this as compensation and only mentions it under the nondeductible contributions section ...
Hello, my understanding is that following Section 116 of the SECURE Act of 2019, excludable difficulty of care payments are treated as compensation for the purp...
