Dear %$firstname$% It’s already Memorial Day Weekend! Remember to remember the folks who make our way of life possible. And offer more than just the obligatoru barbeque – offer thanks to all those who serve, or have served! You may have noticed yesterday that the TaxMama.com website was down. This has been a week of external, […]
Tag Archives: Letter Ruling
Today TaxMama® wants to discuss tax authority in general. TaxMama.com is a terrific service, and provides substantial guidance, pointing you to more information to help you address your tax issues. But do you really think you’ll survive an audit if you say, “TaxMama® says it’s OK?”
Courtesy of David & Mary Mellem, EAs We’re not talking about a normal transfer of an IRA here. We are talking about a taxpayer who transfers an IRA from which the taxpayer was taking substantial equal periodic payments. First an overview: A taxpayer is generally subject to income tax on distributions from an IRA account […]