What INDIVIDUAL RETIREMENT ARRANGEMENT (IRA) means: An individual retirement arrangement is a trust set up to receive retirement contributions of individuals. The arrangement may be in the form of an individual retirement account or individual retirement annuity. The amount that may be contributed is limited. Amounts earned in the IRA are not taxed until they are withdrawn.
- Definition Inventory:
- Dictionary For income tax purposes, inventory consists of items acquired for sale to customers in the regular course of a taxpayer's trade or business individual retirement arrangement (ira) definition.
- Definition Income:
- Dictionary income," in its broad sense, is the gain derived from capital, labor, or a combination of the two. It is distinguishable from the capital itself. Ordinarily, for income tax purposes, the word individual retirement arrangement (ira) explain.
- Definition Insurance Dividends:
- Dictionary policy holders are not dividends on capital stock, but are a rebate of a portion of the premiums paid for the insurance. Such dividends reduce the cost of the insurance and are not taxable unless in individual retirement arrangement (ira) what is.
- Definition Interest Received:
- Dictionary An amount received for the use of money that is to be repaid in full at a specified time or on demand individual retirement arrangement (ira) meaning.
How works Individual Retirement meaning in Tax definitions I .
