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OverviewIn 2014, the federal government will forgo an estimated $17.45 billion in tax revenue from IRAs, which Congress created to ensure equitable tax treatment for those not covered by employer-sponsored retirement plans. Congress limited annual contributions to IRAs to prevent the tax-favored accumulation of unduly large balances. But concerns have been raised about whether the tax incentives encourage new or additional saving. Congress is reexamining retirement tax incentives as part of tax reform. This book describes IRA balances in terms of reported FMV aggregated by taxpayers; examines how IRA balances can become large; and assesses how IRS ensures that taxpayers comply with IRA tax laws. Full Product DetailsAuthor: Jake SilvaPublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Weight: 0.322kg ISBN: 9781634821766ISBN 10: 1634821769 Pages: 111 Publication Date: 01 April 2015 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents"Preface; Individual Retirement Accounts: IRS Could Bolster Enforcement on Multimillion Dollar Accounts, but More Direction from Congress Is Needed (United States Government Accountability Office); Testimony of Scott F Betts, Senior Vice President of National Benefits Services, LLC; Hearing on ""Retirement Savings 2.0: Updating Savings Policy for the Modern Economy""; Statement of Ellen E Schultz, Author & Investigative Reporter; Hearing on ""Retirement Savings 2.0: Updating Savings Policy for the Modern Economy""; Index."ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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