Taxes – Annuity.com

Advantages of the 1035 Exchange IRS Code
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Advantages of the 1035 Exchange IRS Code

Taxes

Advantages of the 1035 Exchange IRS Code

A 1035 Exchange is the exchange of one insurance policy for a newer policy with no tax consequences. It offers an investor the opportunity to exchange an old, outdated insurance contract for a newer contract that offers beneficial features the investor now wishes to include. For example, a policy owner might choose a contract with lower costs, a higher death benefit, the drawing of monthly installments or different investment options.

By Bill Broich|2019-03-13T16:46:49+00:00March 13th, 2019|Taxes|

Elder Abuse And Tax Scam Issues
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Elder Abuse And Tax Scam Issues

Annuities, Taxes

Elder Abuse And Tax Scam Issues

Dont be scammed by crooks when it comes to taxes Regardless of what happens with the DOL ruling and other regulatory issues, one thing will become more and more relevant in our business. Congress, the individual states and local agencies will turn a hard focus on elder abuse. Elder abuse is increasing, at least the [...]

By Bill Broich|2018-12-17T11:11:31+00:00December 17th, 2018|Annuities, Taxes|

Management Of Annuity Taxation
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Management Of Annuity Taxation

Taxes

Management Of Annuity Taxation

A tax-deferred annuity provides tax deferral in which income tax on the yield on the original deposit of investment income is not charged during the investment period, as long as the funds remain on deposit in the annuity. The tax liability is postponed until the annuity’s owner or beneficiary begins to receive (or accesses funds) [...]

By Bill Broich|2018-06-29T03:14:44+00:00June 28th, 2018|Taxes|

3 Overlooked Tax Reductions That Will Shock You
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3 Overlooked Tax Reductions That Will Shock You

Taxes

3 Overlooked Tax Reductions That Will Shock You

Make sure you do not forget these tax deductions There are the standard tax reductions every taxpayer knows about, but there are three others few realize that they can deduct to reduce their taxes. Plus a bonus! Volunteer work donations Many American volunteer their time and services to nonprofit organizations instead of making financial [...]

By Joe Edgeworth|2019-03-13T15:42:43+00:00April 3rd, 2017|Taxes|

Beware Tax Scams
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Beware Tax Scams

Taxes

Beware Tax Scams

Tax Scams: IRS Dirty Dozen It is tax time and with it will come many offers to lower your taxes and in some situations to avoid them altogether. These helpful hints may be grouped together under one heading: Scams. Tax scams are prevalent throughout the internet, here are a few that are so obvious that to [...]

By Bill Broich|2019-03-13T16:35:26+00:00March 1st, 2016|Taxes|

Make Sure Your Year-End Financial Checklist Makes Sense
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Make Sure Your Year-End Financial Checklist Makes Sense

Taxes

Make Sure Your Year-End Financial Checklist Makes Sense

Year end is a good time to consider changes that can help you maximize your next tax year. This article lists areas of focus including record keeping and tax liability planning.

By Bill Broich|2019-03-13T15:54:41+00:00December 11th, 2014|Taxes|

Coverdell Education Savings Account: College with Tax Advantages
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Coverdell Education Savings Account: College with Tax Advantages

Taxes

Coverdell Education Savings Account: College with Tax Advantages

The Coverdell Education Savings Accounts, once known as Education IRAs, can help taxpayers save for a child’s education. Contributions to a Coverdell ESA are nondeductible, but the earnings on the account grow tax deferred and distributions are treated as a tax-free gift to the beneficiary. The contributor does not have to be related to the beneficiary.

By Bill Broich|2019-03-13T17:17:55+00:00June 7th, 2012|Taxes|