The Internal Revenue Service. (Life/Health).The Internal Revenue Service has issued Revenue Ruling 2002-62, which allows the owner of an Individual Retirement Account or qualified plan to reduce the payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. method to avoid premature depletion depletion n. when a natural resource (particularly oil) is being used up. The annual amount of depletion may, ironically, provide a tax deduction for the company exploiting the resource because if the resource they are exploiting runs out, they will no longer be able of the account. The rule applies to IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. owners who began to take regular periodic distributions from their account before they reached age 59 1/2. This program allows access to the accounts without incurring a 10% penalty tax. Financial advisers may consider this a good chance to provide service to clients, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. onlineAUS.com, a Web site for financial professionals. |
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