Ask Experts Questions for FREE Help !
Ask
    purfact's Avatar
    purfact Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Dec 26, 2011, 06:05 PM
    Under new healthcare act are Ira's considered as assets used for figuring income?
    Income is now figured using nontaxable "tax sheltered" assets for health care act that would not be considered for tax purposes. Ira's are tax shelters but I don't find specific rules about IRA's. Will low income individuals be forced to take money from IRA and be penalized for early withdrawal, does the gain only in these funds count toward income even though the money can not be spent without penalty.

Check out some similar questions!

Is social security disability considered as income and do I need to claim it on unemp [ 1 Answers ]

Impact of Fixed Assets Sale entry on Compay Act & As per Income Tax [ 1 Answers ]

How we can do the journal entries of fissed assets sale for a company? What will be the impact of Accounting in the Campanies ledger & and as per incom tax rule.

Figuring a contribution format income statement [ 2 Answers ]

I want to know how to develop a contribution format income statement, given only part of the needed information. The info is as follows: Quarter1 Quarter2 Quarter3 Net sales 44116 33836 Cost of sales 34429 ...

Does new husband's income count in figuring out child support amount of prev. Kids? [ 3 Answers ]

I heard in 2006 it did, but 2007 it does not.

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.