Personally Purchased Retirement Annuities

• § 16.01 Overview of Taxation of Annuities Purchased by Retirees
• —–[1] Taxation of Annuity Payments
• —–[2] Taxation of Non-Annuity Payments
• —–[3] Premature Distributions Under the Annuity Contract
• —–[4] Borrowing Under the Annuity Contract
• —–[5] Exchanging an Annuity Contract
• —–[6] Tax Planning with Purchased Annuities
• —–[7] Income Tax Withholding

• § 16.02 Date Payments Begin Under a Purchased Annuity Contract
• —–[1] Earliest Date Annuity Payments May Begin Without Penalty
• ———-[a] The 10 Percent Penalty Tax on Premature Distributions
• ———-[b] The Age  and Death Exceptions
• ———-[c] The Disability Exception
• ———-[d] The Substantially Equal Payment Exception
• —————[i] Substantially Equal Payments Generally
• —————[ii] Substantially Equal Annuity Payments
• —————[iii] Substantially Equal Non-Annuity Payments and Safe Harbors
• —————[iv] Modifications of Payments Triggering Penalties and Interest
• ———-[e] Other Relevant Exceptions
• ———-[f] Tax-Free Exchange of Annuities
• ———-[g] Applicability of Penalty to Annuities Held in Trust
• —–[2] Latest Date Minimum Distributions to Beneficiaries May Begin

• § 16.03 Investment in the Annuity Contract

• § 16.04 Annuity Payments Under the Contract
• —–[1] Amounts Received as an Annuity
• ———-[a] When Payments Are Taxable as Annuity Payments
• ———-[b] Variable Annuity Payments
• —–[2] Taxation of Annuity Payments
• ———-[a] The Exclusion Percentage and Determination of the Expected Return
• ———-[b] Expected Returns for Common Types of Annuities
• ———-[c] Taxation of Fixed Term Annuities
• ———-[d] Taxation of Ordinary Life Annuities
• ———-[e] Taxation of Temporary Life Annuities
• ———-[f] Taxation of Stepped Life Annuities
• ———-[g] Taxation of Ordinary Joint & Survivor Annuities
• ———-[h] Taxation of Stepped Joint & Survivor Annuities
• ———-[i] Taxation of Equally Stepped Joint & Survivor Annuities
• ———-[j] Taxation of Variable Annuity Contracts
• ———-[k] Quarterly, Semiannual, or Annual Payments for Lifetimes
• ———-[l] Increases or Decreases in Annuity Payment Amounts
• ———-[m] Multiple Current Recipients or Multiple Annuities
• ———-[n] Recovered and Unrecovered Investment in an Annuity Contract
• —————[i] Recovered Investment in an Annuity  Contract
• —————[ii] Unrecovered Investment in the Annuity Contract
• —————[iii] Two or More Annuities with Different Terms or Beneficiaries

• § 16.05 Taxation of Non-Annuity Distributions
• —–[1] Non-Annuity  Distributions in General
• —–[2] Certain Non-Annuity Payments Not Taxed
• —–[3] Non-Annuity Distributions Potentially Nontaxable in Part
• —–[4] Non-Annuity Payments Fully Taxed
• —–[5] Planning the Timing of a Lump Sum Distribution

• § 16.06 Lump Sum Converted to Annuity; Partial Annuitization

• § 16.07 Loans to Retirees Under Purchased Annuity Contracts

• § 16.08 Exchange of Annuity Contract for New Annuity Contract

• § 16.09 Exclusion After Exchange of Contracts or Change of Annuity Payment Period

• § 16.10 Gift of the Annuity Contract

• § 16.11 Role of Purchased Annuities in Tax Planning

• § 16.12 Tax Withholding on Payments under an Annuity Contract

• § 16.13 Annuity Contracts Not Held by Natural Persons

• § 16.14 Taxation of Private Annuities

• § 16.15 Tax on Net Investment Income Applies

• § 16.16 Estate or Gift Tax Imposed on Annuity Contract Benefits

» Chapter 17 – SOCIAL SECURITY BENEFITS