Sixty-one members of Congress are displeased with the Treasury Department's recent decision not to provide relief from required minimum distributions from IRAs and similar arrangements for 2008 (TAXDAY, 2008/12/22, T.1). The bipartisan group of lawmakers asked President Bush to use his executive authority to suspend RMDs for 2008 and, moreover, to allow individuals to recontribute RMDs already taken for 2008.........
CCH News
Monday, December 29, 2008
Tuesday, December 23, 2008
Gov't Letter On Minimum Distributions -2008
The Honorable
U.S. Senate / U.S. House of Representatives
Washington, DC
Dear _______________:
This letter follows up on our previous response to your letter regarding required minimum distributions from individual retirement arrangements (IRAs) and 401(k) plans in light of the recent financial downturn.............
Kiplinger
U.S. Senate / U.S. House of Representatives
Washington, DC
Dear _______________:
This letter follows up on our previous response to your letter regarding required minimum distributions from individual retirement arrangements (IRAs) and 401(k) plans in light of the recent financial downturn.............
Kiplinger
Saturday, December 20, 2008
Medicare Part D: Penalties For Brand Drugs Hidden From Beneficiaries
PART D GUIDE
Click here for the complete Part D guide
It's Open Enrollment For Drug Coverage To December 31, 2008
Many Plans Will Cost More In 2009
It Pays To Compare
AARP has called on Medicare to prohibit a little-known practice that some Part D drug plans are using to charge enrollees a sometimes substantial penalty if they choose certain brand-name drugs instead of their generic equivalents. Under a formula known as reference-based pricing, Medicare currently allows plans to charge enrollees the full price of the brand-drug plus the normal copay for that drug minus the full price of the generic............
AARP
Click here for the complete Part D guide
It's Open Enrollment For Drug Coverage To December 31, 2008
Many Plans Will Cost More In 2009
It Pays To Compare
AARP has called on Medicare to prohibit a little-known practice that some Part D drug plans are using to charge enrollees a sometimes substantial penalty if they choose certain brand-name drugs instead of their generic equivalents. Under a formula known as reference-based pricing, Medicare currently allows plans to charge enrollees the full price of the brand-drug plus the normal copay for that drug minus the full price of the generic............
AARP
Thursday, December 18, 2008
The IRS Examination (Audit) Process
January 2006
The IRS examines (audits) tax returns to verify that the tax reported is correct.
Selecting a return for examination does not always suggest that the taxpayer has either made an error or been dishonest. In fact, some examinations result in a refund to the taxpayer or acceptance of the return without change..............
Internal Revenue Service
The IRS examines (audits) tax returns to verify that the tax reported is correct.
Selecting a return for examination does not always suggest that the taxpayer has either made an error or been dishonest. In fact, some examinations result in a refund to the taxpayer or acceptance of the return without change..............
Internal Revenue Service
Bad News For Seniors: No IRA Help For 2008
December 18, 2008 --The Treasury has decided against granting any relief to retirees who were hoping to take smaller 2008 distributions from their depleted individual retirement accounts. ..........
Forbes
Forbes
Wednesday, December 17, 2008
IRS Comprehensive Tax Guide Available Free At IRS.gov
WASHINGTON — December 17, 2008 --The IRS has placed its comprehensive tax guide for individuals on IRS.gov, updating it for tax year 2008. The updated on-line version of IRS Publication 17, “Your Federal Income Tax,” contains more than 900 interactive links..........
Internal Revenue Service
Internal Revenue Service
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