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Provides information on the recalculation method, an option picked up by individual retirement account (IRA) that yields the minimum amount of distribution, in the United States. Requirements of a trust as beneficiary; How to be qualified as a QTIP trust as a beneficiary; Choosing the right custodian.

Discusses terms in the 1993 Budget Reconciliation Act which excludes certain rental real estate activities of real estate professionals from the passive activity rules in taxation. Real estate professional defined; Determining which activities qualify; Activities that may not be grouped; Substantiation.

Focuses on the Franchise Tax Board's plan of loosening its policies on installment agreements and offers in compromise regulations. FTB's aim of being more responsive to taxpayers' needs; Replacement of the old payment arrangements.