| Description |
1 online resource (116 pages). |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
Retirement Issues, Plans and Lifestyles
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Retirement issues, plans and lifestyles.
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| Bibliography |
Includes bibliographical references and index. |
| Contents |
INDIVIDUAL RETIREMENT ACCOUNTS: SIZE OF BALANCE ISSUES AND ENFORCEMENT OF IRS RULES; INDIVIDUAL RETIREMENT ACCOUNTS: SIZE OF BALANCE ISSUES AND ENFORCEMENT OF IRS RULES; Library of Congress Cataloging-in-Publication Data; CONTENTS; PREFACE; Chapter 1: INDIVIDUAL RETIREMENT ACCOUNTS: IRS COULD BOLSTER ENFORCEMENT ON MULTIMILLION DOLLAR ACCOUNTS, BUT MORE DIRECTION FROM CONGRESS IS NEEDED; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS; WHAT GAO FOUND; ABBREVIATIONS; BACKGROUND; FEW TAXPAYERS HAD REPORTED IRA BALANCES GREATER THAN 5 MILLION. |
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Alternate strategies are likely the cause oflarge ira balances that congress may nothave intendedirs has dedicated resources to ira compliancebut faces challenges with nonpublicly tradedira investments; conclusion; matter for congressional consideration; recommendations for executive action; agency comments; appendix i: objectives, scope, and methodology; appendix ii: illustration of earnings and taxeffects of traditional and roth individualretirement accounts; appendix iii: tables from statistics of incomedata for tax year 2011. |
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APPENDIX IV: EXAMPLES OF STRATEGIES TOACCUMULATE LARGE INDIVIDUALRETIREMENT ACCOUNTSAPPENDIX V: EXPANDED FIGURE 9 ON FORM 5498; Chapter 2: TESTIMONY OF SCOTT F. BETTS, SENIOR VICE PRESIDENT OF NATIONALBENEFITS SERVICES, LLC. HEARING ON"RETIREMENT SAVINGS 2.0: UPDATINGSAVINGS POLICY FORTHE MODERN ECONOMY"; Chapter 3: STATEMENT OF ELLEN E. SCHULTZ, AUTHOR AND INVESTIGATIVE REPORTER. HEARING ON "RETIREMENT SAVINGS 2.0:UPDATING SAVINGS POLICY FORTHE MODERN ECONOMY"; INDEX. |
| Summary |
In 2014, the federal government will forgo an estimated 17.45 billion in tax revenue from IRAs, which Congress created to ensure equitable tax treatment for those not covered by employer-sponsored retirement plans. Congress limited annual contributions to IRAs to prevent the tax-favored accumulation of unduly large balances. But concerns have been raised about whether the tax incentives encourage new or additional saving. Congress is reexamining retirement tax incentives as part of tax reform. This book describes IRA balances in terms of reported FMV aggregated by taxpayers; examines how IRA b. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Individual retirement accounts -- United States.
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Individual retirement accounts. |
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United States. |
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Individual retirement accounts -- Taxation -- Law and legislation -- United States.
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Individual retirement accounts -- Taxation -- Law and legislation. |
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BUSINESS & ECONOMICS -- Finance. |
| Other Form: |
Print version: Silva, Jake. Individual Retirement Accounts : Size of Balance Issues and Enforcement of IRS Rules. Hauppauge : Nova Science Publishers, Inc., ©2015 9781634821766 |
| ISBN |
9781634821773 (electronic book) |
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1634821777 (electronic book) |
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9781634821766 |
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