Distributions ... the 529 account for the same beneficiary within 60 days. The recontribution is treated as principal. — Joy Taylor, Editor The Kiplinger Tax Letter We have already received ...

Beneficiaries must understand the IRS rules for inherited IRAs to avoid penalties and maximize tax efficiency. There are specific deadlines for taking required minimum distributions from inherited ...

A trust is a legal framework that enables one party, a trustor, to give another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.