Use Table III if you are the IRA owner, unless your spousal beneficiary is more than 10 years younger than you are.
Use Table II if you are the IRA owner and the periodic payments are for your life and the life of your spouse who is more than 10 years younger than you.
Use Table I if you are an individual and the owner’s designated beneficiary but are not both the owner’s spouse and sole beneficiary. (There are special rules for the owner’s spouse.) Use Table I if you are the owner’s estate or otherwise not an individual and the owner died on or after the required beginning date. (Not to be used in the year of the owner’s death.)
Since the 1996 tax law change, one of the main areas of dispute between taxpayers and the Internal Revenue Service has been the allocation of “damage awards.” When you, the taxpayer, receive a settlement payment for damages, the tax consequences vary, depending on the type of award received.
Each month when you receive your bank statement, you should reconcile your checkbook register to your account statement. In this article we provide the steps and tips to keep your account balanced.
Your personal credit report provides prospective lenders a history of your borrowing and payment habits.
Fringe benefits are one of the overlooked benefits when considering a new job. These might garner you a discount on merchandise or services, or earn you points and rewards that you can use personally.
A qualified domestic relations order allows retirement assets to be transferred to the other party’s retirement plan or IRA free of any current tax liability.
TIPS are a type of security offered by the U.S. Treasury that provides protection against inflation. When you purchase a TIP, you will receive the interest payments semi-annually and you will at least receive your original principal amount at maturity, however unlike a regular Treasury bond, the interest and redemption amounts are tied to inflation rates.