Case Study: Unintended Tax Consequences From Mishandling an Inherited IRA
Feb 1, 2016
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
As primary beneficiaries, some clients may share traditional IRA distributions with others, but have to pay income tax on the full IRA amount if they do not follow the applicable IRA rules. An examination of a case study illustrating this exact issue, along with a few preemptive strategies, can help your clients avert the full tax liability of sharing distributions.