Category: Retirement and Taxes

irs tax lien on inherited property
Retirement and Taxes
IRS Tax Lien on Inherited Property

The IRS can record tax lien on inherited property. This means you can’t escape IRS collection by giving away your property upon your death.

Retirement and Taxes
What is the trust fund loophole?

The trust fund loophole is basically a way how the “wealthy people” avoid paying any taxes on each of their assets.

how do i calculate my rmd
Retirement and Taxes
How do I Calculate my RMD for 2022?

Calculating your RMD (Required Minimum Distribution) is relatively easy. It’s simply the minimum amount that you must withdraw from your retirement account.