Divorce often involves the splitting of major financial assets, and an IRA plan is, in some cases, a couple's largest single financial asset. Splitting an IRA in a divorce is not like splitting a home or other assets. Here are 3 important facts to be awar…
By Mike Mesch, CPA/ABV, ASA, CFF, Partner at Terry Lockridge & Dunn https://www.worldtrendfps.com/news/2018/01/3-important-facts-about-splitting-ira-divorce
While the death of a grandparent or a parent is very sad, if you do end up receiving an inherited IRA, do not just cash out the funds. It will cost you in income taxes if you do!
By Todd Helle, EA Tax Director and Partner at Terry Lockridge & Dunn While the death of a grandparent or a parent is very sad, if you do end up receiving an inherited IRA, do n…… https://www.worldtrendfps.com/news/2018/01/non-spousal-inherited-iras-3-tips-avoid-costly-tax-traps