The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Related Content Potential Income from an IRA Estimate your monthly and annual income from various IRA types. Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT. Put It in a Letter A letter of instruction provides additional and more personal information regarding your estate.