You have probably heard of employee stock ownership plans (ESOPs), but you are not sure of the exact details. The purpose of the information below is to educate and provide entrepreneurs...
Posted by Aurelia E Weems CPA on 01/31/2021
There are subtle variations between what is considered an IRA transfer and what is considered an IRA rollover. Important to know – with either one for the rollover to be tax-free,...
Posted by Income Taxes and Bookkeeping LLC on 01/07/2021
When you find yourself as the beneficiary of an Individual Retirement Account (IRA) and the IRA owner passes away, you are told that you have received a tax-free inheritance. Well,...
Posted by BEST FINANCIAL GROUP LTD on 12/15/2020
Many forms of retirement benefits like annuities and pensions are reported on Form 1099-R. As long as you get a $10 or more distribution on your retirement plan, you will get copies...
Posted by The TaxAdvocate Group, LLC on 11/30/2020
