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The Pension Protection Act enacted into a full fledged law on August 17, 2006. It is especially formulated to look over the world wide problems of under funded pension plans. Besides its positive elements, there are some of the changes impacting each and every taxpayer irrespective of the retirement age.

1. Direct IRA Tax Return Deposits
From now onwards, taxpayers have the opportunity to submit their tax returns directly into their IRA accounts as IRS provides to deposits returns into checking and saving accounts Continue reading…


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