Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
8 annuity tax facts you need to know
By Tax Facts OnlineThis concise primer is your cheat sheet for every client question during tax season.
March 09, 2013
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March 09, 2013
Tax FAQ: When annuity values are paid in installments, how are dividends taxed?Dividends are taxed differently depending on whether they are taken before or after the annuity start date.
March 09, 2013
Tax FAQ: Are dividends payable on an annuity contract taxable?Taxation of dividends under an annuity contract depends on when the contract was purchased.
March 09, 2013
Tax FAQ: What if my client takes a partial lump sum withdrawal?The tax ramifications vary depending on the annuitant's circumstances.
March 09, 2013
Tax FAQ: How is the excludable portion of an annuity payment computed?The rule varies depending on whether you have a variable or non-variable contract.
March 09, 2013
Tax FAQ: How are annuity payments taxed?The basic rule for taxing annuity payments is designed to return the purchasers investment in equal tax-free amounts over the payment period, and to tax the balance of each payment as earnings.
March 09, 2013
Tax FAQ: What penalties apply to "premature" distributions under annuity contracts?A 10 percent penalty tax applies to any payment received to the extent the payment is includable in income.