"...a much smaller amount than I am being made to pay."Doubtful.Trust income-tax rates are generally higher than individual tax rates unless the amount of incom...
You mentioned receiving a Form 1099-R. That means that there was a distribution from a retirement account that is taxable to the beneficiary that received the d...
Retirement accounts are not eligible for a step-up in basis. The taxable amount of retirement distributions is instead treated as Income in Respect of a Deceden...
As Bsch4477indicated, unless the SEP plan is a SARSEP established before 1997, your SEP plan allows only employer contributions. The SEP contribution would be e...
"The $800 earnings will be taxable plus 10% penalty if you are under age 59-1/2."Almost certainly not. There will likely be no penalty because the distribution ...
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