Tag: IRS
Tax Considerations of Supporting Family Members
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 […]
Retirement Accounts: Distribution Rules
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 […]
