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1/ Should you do a Roth conversion before December 31, 2026? Only if the tax you pay now is likely lower than the tax that money faces later. Here's how to think about it this year.
5/ Two hard rules: a conversion counts in the year the money leaves the IRA, and since 2018 it can't be recharacterized. Take any RMD first. Pay the tax from outside the IRA if you can.
6/ My guide to the 2026 Roth conversion decision:
This is general education, not advice for your specific situation.
mercerst.com/blog/roth-conve…
Roth conversions in 2026: current rates are now permanent, so the "beat the sunset" rush is gone. What's left: your bracket now vs. later, plus Medicare and phase-out lines. Deadline Dec 31. No do-overs.
General education, not advice for your situation.
mercerst.com/blog/roth-conve…
1/ If you own an S corporation, how much salary should you pay yourself? The IRS answer: reasonable compensation for your services, paid before non-wage distributions. Here's what that means.
5/ Before December payroll: compare year-to-date wages with distributions, run health premiums for over-2% owners through payroll, and keep a short memo on why your number is reasonable.
6/ My guide to setting S corp owner pay:
This is general education, not advice for your specific situation.
mercerst.com/blog/how-much-s…
S corp owners: the IRS requires reasonable pay before distributions. There's no safe percentage. Duties, hours and comparable pay decide it. Review it before December payroll closes.
This is general education, not advice for your specific situation.
mercerst.com/blog/how-much-s…
5/ Plan sponsors: a separate update, effective Oct 22, expands self-correction of inadvertent 401(k) and other plan errors, including loan failures.
6/ My guide to what the new IRA program does and doesn't fix:
This is general education, not advice for your specific situation.
mercerst.com/blog/irs-ira-co…
3/ IRA owners, beneficiaries or custodians can apply. You propose the fix, and the IRS issues a compliance statement if it agrees. Self-correction isn't available under ICRS yet.
1/ On Oct 22, the IRS created a formal correction program for IRA mistakes: the IRA Compliance Resolution System (ICRS). It takes effect May 1, 2027. Here's what it fixes.