Title: Inherited IRAs : what every practitioner must know /
Authors: Goldberg, Seymour,; American Bar Association
Year: 2015
Subjects: Individual retirement accounts Law and legislation United States.; Individual retirement accounts Taxation Law and legislation United States.; Individual retirement accounts Law and legislation; Individual retirement accounts Taxation Law and legislation; United States
Contents: Overview -- Common errors in retirement distribution planning -- Why many beneficiary forms are defective who should pay your estate tax on your retirement accounts -- Sample beneficiary forms prepared by the author for illustrative purposes only -- Practical points -- How the inherited IRA rules work for a nonspouse beneficiary -- Key provisions of the Pension Protection Act of 2006 and the Worker, Retiree, and Employer Recovery Act of 2008 -- Roth IRA conversions -- Death of IRA owner before or after his/her required beginning date -- How the inherited IRA rules work with multiple nonspouse beneficiaries -- How the spousal IRA rules work -- Death of nonspouse beneficiary during the standard gap period -- Trust as beneficiary of retirement assets and the IRS documentation rules -- Advantages of trusts as IRA beneficiary -- Excess IRA contributions -- Income in respect of a decedent -- Revenue ruling 92-47, 1992-1 cb 198 -- Letter ruling 200316008 (december 31, 2002) -- IRD and the Tax Court -- IRD and practitioner tips -- Inherited Roth IRAs -- Statute of limitations.