|
#2
01-27-2004, 11:31 PM
| |||
| |||
 Re: Mandatory withdrawal? ? ? - quote - > You can get information in IRS Pub 590, along with the life
MIXED METAPHOR ALERT!> expectancy tables you need to calculate the MRD. It's not > rocket surgery. Or brain science. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
01-27-2004, 10:16 AM
| |||
| |||
| Re: Mandatory withdrawal? ? ? "Ray Jenkins" <rayj.balt[at]DELETETHISverizon.net> wrote: - quote - > I'm unclear about some aspects of mandatory withdrawal from
They don't share all their secrets with us, but I suppose> traditional IRA accounts. > -- How does the IRS determine compliance? Do they look at my > 1040 filing, or do they look at the IRA account itself? they look at your age, the 1099-R you should have received from your custodian, and the form 5498 form filed by that custodian (contains IRA balance as of previous Dec 31) - quote - > -- Where can I find a calculator to determine the correct
You can get information in IRS Pub 590, along with the life> amount to withdraw? expectancy tables you need to calculate the MRD. It's not rocket surgery. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
01-25-2004, 09:33 PM
| |||
| |||
| Re: Mandatory withdrawal? ? ? "Ray Jenkins" <rayj.balt[at]DELETETHISverizon.net> wrote: - quote - > I'm unclear about some aspects of mandatory withdrawal from
Here is a handy website for required minimum distributions:> traditional IRA accounts. > -- How does the IRS determine compliance? Do they look at my > 1040 filing, or do they look at the IRA account itself? > -- Where can I find a calculator to determine the correct > amount to withdraw? http://www.finance.cch.com/sohoApple...reDistrib.html << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
01-22-2004, 05:57 AM
| |||
| |||
| Mandatory withdrawal? ? ? I'm unclear about some aspects of mandatory withdrawal from traditional IRA accounts. -- How does the IRS determine compliance? Do they look at my 1040 filing, or do they look at the IRA account itself? -- Where can I find a calculator to determine the correct amount to withdraw? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| mandatory, withdrawal |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Re: Mandatory E-Filing - New California Law Ed Zollars, CPA: Nan Eklund wrote: > Also, no penalty applies if there is "reasonable cause" to > not efile. "Reasonable cause" includes TAXPAYER'S ELECTION > to... | Taxes | 5 | 08-09-2003 01:45 AM | |
| Re: Mandatory E-Filing - New California Law Dave Woods, EA: "D. Stussy" <kd6lvw@bde-arc.ampr.org> wrote: > Larry wrote: >> The California Legislature has enacted within the 2003-2004 >> California State... | Taxes | 4 | 08-08-2003 02:01 AM | |
| Re: Mandatory e-filing Wcm7315: > Of course, if the bill now in Congress becomes law, balance > due clients who want the April 30 extended due date will be > *required* to use... | Taxes | 2 | 07-07-2003 09:25 AM | |
| Re: Mandatory e-filing Rufus Leaking: > So, "You have to do this, unless the voting taxpayer/client > says otherwise"? yes, and it was rammed thru the legislature. The folks at MDR... | Taxes | 1 | 07-04-2003 09:21 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
