Partners are taxed on their share of the partnership’s income, regardless of whether they receive any distributions. This can sometimes lead to a situation known as “phantom income,” where ...

In what is perhaps 2024’s most consequential business divorce decision, the Second Department de-enigmatized Andris in ...

And I’m also looking at the possibility of my Medicare Part B jumping because of this phantom income,” he said. Christina Wease runs the low-income tax clinic at Michigan State University ...

You might have a substantial 401(k) balance, equity in your home, or a six-figure salary, yet still experience anxiety about ...

“Holding TIPS in a tax-deferred account (such as an IRA or 401(k)) allows clients to avoid being taxed on the ‘phantom income,’” she said. Alternatively, a TIPS mutual fund or ETF channels ...

RBIL distributes income (representing bond coupons as well as inflation adjustments) through regular dividend distributions, addressing the taxable “phantom income” challenge associated with ...

Perhaps the most important aspect of addressing phantom wealth isn't in chasing ever-higher income or investment returns, but in creating sustainable financial habits that allow you to ...