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Tag: IRS

Tax Considerations of Supporting Family Members

| April 3, 2016 | 0 Comments

Last month I wrote about some basic rules to frame a decision of whether and how to lend money to a family member. Here are some additional considerations, with this very important caveat: giving a gift or lending money to a family member can have very important tax and estate planning implications. You should discuss […]

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Retirement Accounts: Distribution Rules

| December 8, 2014 | 0 Comments

With the year-end approaching, an important deadline for retirement account owners is also coming, so this column will deal with some of the rules surrounding IRAs and distributions. A significant caveat applies here: the rules can be very complex and people have literally written books on the topic. So I won’t be able to cover […]

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