Articles tagged with: irs
Investment Advice »
This is that time of year when you may be anticipating a beefy tax refund that could be anywhere from hundreds to thousands of dollars. the next question you may be asking is what to do with the money you get back from the IRS. you have a lot of options, and some are better than others. here are a few ideas on how to spend your tax refund.
What to do with Your Tax Refund originally appeared on About.com Financial Planning on Thursday, March 29th, 2012 at 21:41:59.
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Retirement Planning »
Sure your 2011 tax return is due in a few weeks, but you might want to put it aside for bit and look at your 2008 records. if you didn’t file a return for that tax year, the Internal Revenue Service could have some money for you. in fact, it could be as much as… …
IRS has $1 billion for taxpayers who didn’t
Investment Advice »
The IRS said today it?s got $1 billion in unclaimed tax refunds, owed to people who didn?t file a return in 2008. Read that story, plus find out how the housing market is faring, what?s happening with mortgage rates, and investing insights, in today?s Personal Finance Daily.
Personal Finance Daily: IRS has $1 billion in unclaimed tax refunds
401(k)s & IRAs »
The 1031 industry is in some ways brand new. as a result, it’s pretty difficult to determine which firm you can trust. to help sort through the wheat from chaff, we’ve put together a "due diligence list" below to help you more rigorously research firms to work with. as always, consult your tax and financial advisors.
To better serve you, we’re looking to launch a feedback project on 1031 service providers (find out more link) . if you think this would be valuable, please post comment or email us at nesteggemail@gmail.com
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Financial Planning »
A great article on deferring capital gains on your primary residence. Check out our more formal analysis: 1031-121 Analysis Link
2/10/05 Wall St. J. D12005 WL-WSJ 59840615
The Wall Street Journal(Copyright (c) 2005, Dow Jones & Company, Inc.)
Thursday, February 10, 2005
IRS decision Aids Home Sellers
Recent move Allows Those With Home Offices, Rental Units, to Defer Taxes onSome Gains
A RECENT decision by the Internal Revenue Service could provide considerable relief to many homeowners facing huge price gains when they sell. the sharp appreciation of house prices in recent years means many people could …
401(k)s & IRAs »
The Traditional IRA was the original individual retirement plan which came into existence when the Employee Retirement Income Security Act of 1974 was passed by Congress. the intent of these plans was to allow a worker, who was not covered by a pension or 401k plan, to accumulate tax advantaged savings for eventual retirement. In 1997, the Roth IRA came into existence which allowed workers even more flexibility in saving for retirement.
Other plans have come into existence for specialty purposes, but each of these is an offshoot of either the …
401(k)s & IRAs »
There are several retirement savings accounts, and 1 of the most popular is most likely the Roth IRA. Here, we ll look at some of the advantages and also drawback to Roth IRAs in comparison with other kinds of retirement savings accounts.
Absolutely no Tax Liability
The central advantage to Roth IRAs refers to their taxation status. all of the contributions made to Roth IRAs are made right after paying income tax. Because of this, the principal in the Roth IRA account grows without becoming subject to taxation. Additionally, withdrawals aren’t held …
401(k)s & IRAs »
Converting your Individual Retirement Account funds into a Roth IRA has never been easier — but that doesn’t mean it’s right for everyone.
The IRS opened up Roth conversions to everyone this year regardless of income and introduced a three-year window in 2010 to pay taxes on the conversion.
It’s a great opportunity to put together tax-free retirement income, but it’s not without its perils. Bankrate.com spoke with IRA expert Ed Slott about some of the traps taxpayers might not be aware of — and the dangers associated with them.
Trap no. 1: …
401(k)s & IRAs »
What are the Roth IRA distribution rules?
Do you owe taxes and penalties for early distributions?
If you know the distribution rules before you make a withdrawal, you’re far less likely to make a costly mistake.
For instance, did you know the IRS mandates that any withdrawals from your Roth IRA must be made in a specific order?
If not, you could find yourself hit with taxes and penalties from a distribution you thought was tax and penalty-free.
So make sure you know these Roth IRA distribution rules.
Roth IRA Distribution Order
The Roth IRA distribution rules …


