IRS collection servicer accused of aggressive tactics

A new law that went into effect this year allowing the Internal Revenue Service to outsource unpaid tax collection to private companies has already gone awry, with one servicer being accused of engaging in aggressive tactics. View More

Open Season: Understanding Health Savings Accounts and What They Can Offer

In this issue of Federal Soup's special Open Season series, Edward A. Zurndorfer discusses the advantages of owning and using a health savings account (HSA) in conjunction with a high deductible health plan (HDHP). View More

Is a federal retirement annuity taxable for federal income tax purposes?Jul 25, 2017

There is a tax-free portion that represents a return of your contributions to the retirement plan. These contributions were previously taxed for federal and state income tax purposes and will not be taxed when received as part of your monthly annuity. View More

What is a “source tax?”Jul 25, 2017

Source taxes, now prohibited, were taxes imposed by certain states on retirement income of non-residents who had accumulated entitlement to benefits while a resident of that state. Retirement income is only state taxable, if at all, by the state in which the taxpayer resides. View More

Are Federal Employees’ Group Life Insurance death benefits taxable?Jul 25, 2017

Is a federal retirement annuity taxable for state income tax purposes?Jul 25, 2017

Is an “alternative form of annuity” lump sum payment taxable?Jul 25, 2017