IRS Publication 575

DEFINITION of 'IRS Publication 575'

A document published by the Internal Revenue Service (IRS) that provides information on how to treat distributions from pensions and annuities, and how to report income from these distributions on a tax return. IRS Publication 575 also outlines how to roll distributions into another retirement plan.

BREAKING DOWN 'IRS Publication 575'

IRS Publication 575 does not cover the tax treatment of funds from nonqualified plans, such as commercial annuities. Information on this treatment is available in IRS Publication 939 (General Rule for Pensions and Annuities). In addition, this publication does not cover benefits from retired government employees or their beneficiaries, which are covered in IRS Publication 721 (Tax Guide to U.S. Civil Service Retirement Benefits).

RELATED TERMS
  1. IRS Publication 939

    A document published by the Internal Revenue Service (IRS) that ...
  2. Qualified Annuity

    An financial product that accepts and grows funds, and is funded ...
  3. IRS Publication 560: Retirement ...

    A document published by the Internal Revenue Service (IRS) that ...
  4. IRS Publication 721: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
  5. IRS Publication 550

    A document published by the Internal Revenue Service (IRS) that ...
  6. IRS Publication 564: Mutual Fund ...

    A document published by the Internal Revenue Service (IRS) that ...
Related Articles
  1. Financial Advisor

    Top Annuity Tax Deferral Strategies

    Annuities can provide tremendous tax advantages for retirement savers. Here are some tax deferral strategies to consider.
  2. Retirement

    Maximize the Tax Benefit from Your Annuity

    Understand how nonqualified annuities are taxed during your lifetime, and how they are taxed when passed on to your beneficiaries.
  3. Retirement

    Managing Annuity Distributions in Retirement

    Strategies to help manage taxable deferred annuity distribution in retirement.
  4. Retirement

    When Annuities Are the Wrong Investment

    Understand how annuities provide several unique benefits, but many drawbacks as well, and identify the situations where they are not the best investment.
  5. Retirement

    Asset Distributions A Key Consideration For Retirees

    How you distribute qualified retirement plan money can affect your taxes and Social Security benefits.
  6. Retirement

    Personal Pensions: Repackaging The Annuity

    Discover an investment that can provide a stable income once you've left the work force.
  7. Investing

    Annuities: The Good, Bad and the Ugly

    Annuities suffer from a few perception problems. This primer that covers the good, the bad and the ugly of annuities.
  8. Personal Finance

    An Overview Of Annuities

    These contracts provide a guaranteed income stream. Learn how they work and their benefits.
  9. Retirement

    Guaranteed Retirement Income In Any Market

    By laddering annuities, you can be sure you'll have income no matter what the market does.
  10. Retirement

    How to Build Retirement Income with Annuities

    Annuities may provide an excellent tool when it comes to building income for retirement. Here's why.
RELATED FAQS
  1. My father is 83 years old and has an annuity. If he withdraws the 10% non-penalty ...

  2. What is the difference between an individual retirement account and an individual ...

    All these years I thought I had a "regular" IRA (I made $22,000 pre-tax deposits spring of 1985 and 1986), now the company... Read Answer >>
  3. Can a variable annuity be rolled into an IRA?

    Learn how to roll over your variable annuity to an IRA when you retire or change jobs. Here's how to do it without triggering ... Read Answer >>
  4. Are variable annuities tax deferred?

    Learn how variable annuities are tax-deferred, but also understand some of the less advantageous tax implications from purchasing ... Read Answer >>
  5. Are qualified pension plans taxable?

    The taxable portion of your pension or annuity payments is usually subject to federal income tax withholding, according to ... Read Answer >>
  6. Are annuities qualified or nonqualified retirement instruments?

    Learn the basics of annuity investments and the tax-deferral they offer, and discover the differences between qualified and ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center