TITLE

Hidden Tax Opportunity

AUTHOR(S)
Jones, Dan
PUB. DATE
January 2007
SOURCE
PN;Jan2007, Vol. 61 Issue 1, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information about the 691(c) income-tax deduction Act in the United States. This deduction has been designed to offset the double taxation on inherited assets. This deduction will be useful for people who have inherited individual retirement accounts or other such retirement plans. The deduction is also applicable to lottery winnings and interest on unredeemed U.S. savings bonds.
ACCESSION #
23393967

 

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