IRS Publication 590 provides detailed information on the tax implications of Individual Retirement Accounts (IRAs) such as contribution limits and required minimum distributions. Traditional IRAs allow tax-deductible contributions, but there are annual limitations and exceptions. Roth IRAs are similar to tr...
IRS Publication 571 describes various elements of 403(b) plans, including rules about contributions, rollovers, and distributions. A 403(b) account, like a 401(k), is a tax-advantaged retirement account offered by an employer: in this case, public schools and tax-exempt organizations. Be su...
IRS Publication 527, Residential Rental Property, is a document published by the Internal Revenue Service (IRS) that provides tax information for individuals who own residential properties that arerented out for income. Typically, all income earned from rental properties is reported to the IRS, thoug...
IRS Publication 538 explains some of the rules for accounting periods and standard accounting methods. It provides a basic overview and, in some cases, you may have to refer to other sources for a more in-depth explanation of the topic. The IRS also issues several other informative publication...