IRA tax rules

IRS to crack down on IRA tax rules
Business Ron Fatoullah 10/11/2012 at 10:16AM

An individual retirement account (IRA) is a form of retirement plan that provides tax advantages for those individuals who set aside savings for their future retirement. Taxpayers can contribute a certain amount each year and reduce their annual taxable incomes by the amount contributed. Further, until the individual IRA owner reaches the age of 70 [...]