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Taxes

Two Basic Types Of IRAs

28th June 2011
Although there are a variety of IRAs available, here are two of the most common IRAs. • Traditional IRA • ROTH IRA 1. Traditional IRA This type of IRA can be set up by any individual who has earned income. Earned income is defined as W...
Author: Casey Trillbar
Taxes

An Additional Step to Consider Before Investing in Real Estate in Your IRA

05th May 2011
I recently shared two key steps to do before investing in real estate in your IRA. Step #1: Understand the Special Tax Treatment Rules for IRAs Only certain types of income receive special tax treatment. Step #2: Understand the Type of Income Yo...
Author: Tom Wheelwright
Taxes

Rebuild Your Emergency Fund Using Your Refund Money

15th December 2010
“File your tax online and get refunds fast.”” Use our e-file software to file your 1040 online and get the maximum refunds.” You have probably heard or seen one of these or similar ads online when you were filing your tax return online. And if you believe...
Author: Pamela Parker
Taxes

What All Taxpayers Should Know About Early IRA Withdrawals

09th September 2010
Although the purpose of an IRA is to save for the future, it is not uncommon for taxpayers to ‘borrow' money from their account. Unfortunately, there are severe tax penalties that are assessed when you make an early withdrawal. Here are some tax implica...
Author: Roni Deutch
Taxes

Fundamentals of Rollover IRA

23rd November 2009
Switching a job is quite regular these days, be it due to a better opportunity in a different company or even because of a job loss. In any case, if there is a change in employment, the rollover IRA plays a vital role as it is a retirement account which g...
Author: Chintamani