Planning around the "success" tax.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1996. The length of the article is 811 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Distributions to individuals with substantial assets in 401(k) plans, defined benefit and contribution plans, individual retirement accounts, profit-sharing plans and other retirement plans may be subject to a 15% excise tax on excess retirement accumulations. The excise tax applies to distributions in excess of $155,000 per year or $775,000 for lump-sum distributions, indexed for inflation. When paired with estate and income taxes, total tax rates on these funds may exceed 70%. Suspension of the excise tax for 1997-1999 provides planning opportunities.

Citation Details
Title: Planning around the "success" tax.
Author: Roger W., III Lusby
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1996
Publisher: American Institute of CPA's
Volume: 27 Issue: n12 Page: 725(2)

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