Amounts withdrawn from IRAs , 401(k)s and other tax-deferred retirement accounts.
QCD Extended under “fiscal cliff bill”. H.R.8. American Taxpayer Relief Act of 2012 (the “fiscal cliff bill”) extended the qualified charitable distributions (QCD) provision to
Definition Amounts withheld from distributions paid to an owner or beneficiary, from an IRA or employer plan account. Rules for Withholding Tax The rules for
The IRS issued Notice 2009-82, in which they addressed several issued relating to 2009-RMD amounts. Areas addressed include the following: The fact that certain 2009-RMD
Definition A distribution from a Roth 401(k) that satisfies certain requirements, resulting in the distribution being tax-free and penalty free. Distributions that are non-qualified may
Definition The disqualification of a substantially equal periodic payment (SEPP) program. If a SEPP program is modified, the taxpayer is required to pay the IRS
Definition Another name for eligible rollover distribution (ERD), which is used in reference to a distribution that is eligible to be rolled over to an
Definition A withdrawal (distribution) which is made from a qualified plan or 403(b) account while the account owner is still working for the plan sponsor (the
Definition A qualified HSA funding distribution (QHFD) is a distribution from a traditional IRA or a Roth IRA , that is made to the individual’s Health
