May 2009
Tax Strategist;May2009, Vol. 4 Issue 5, p8
The article offers information related to taxation in U.S. Accordingly, to save for retirement is the reason why an automatic enrollment 401 (k) encourages more employees. Moreover, there is a penalty of 10 percent imposed on client if he/she taps an annuity before age 59.5. Furthermore, a special opportunity for certain small businesses with net operating losses (NOLs) was created by the new economic stimulus.


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