Taxation

A Wager of Law!

Apparently I've been challenged to a duel wager. I say apparently, because this challenge was never delivered to me. Instead, it was posted to a website almost a month ago, which is a little odd for a serious bet. So...

Exemption for Retirement Accounts

As part of the reforms of the Bankruptcy Abuse and Prevention Consumer Protection Act of 2005 (BAPCPA), Congress included an exemption for virtually all types of pension and retirement accounts recognized by the IRS. Prior to the change, debtors had to rely on state exemptions to the extent they existed.