"Jim Chapman" <bigumm[at]fuse.net> writes:

- quote -

My guess would be slim to none.

Phil Marti
Topeka, KS

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My reading of the newspapers indicates this legislation
allowing direct giving to charities from an IRA without
paying federal and state income taxes on the amount might be
passed this calendar year and is retroactive to the first of
2003. Any comments on the likelihood of this occurring?

I am wondering if the amount gifted will count against the
minimum that must be withdrawn from the IRA? There were
little detail in the text of S.283 that I read so I guess
the IRS must have to write regulations after the bill is
passed. Is there time in this year to accomplish all that?

--
Jim Chapman

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