Monthly Archives: April 2016

TMTW #282- Inheriting an IRA: Not Dividing the IRA Among Heirs

Tax and Money Tip this Week: Inheriting an IRA: Not Diving the IRA Among Heirs April 27, 2016 | No. 282 Be sure to advise your beneficiaries to split the IRA, especially if they have a wide age difference. If the … Continue reading

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TMTW #281- Inheriting an IRA: Titling the IRA Account Improperly

Tax and Money Tip this Week: Inheriting an IRA: Titling the IRA Account Improperly  April 20, 2016 | No. 281 Nonspouse beneficiaries cannot roll an inherited IRA into their own IRA.  Instead, a separate account must be set up with a … Continue reading

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TMTW# 280- Thank You Clients! Another Successful Tax Season

Tax and Money Tip this Week: Thank You Clients! Another Successful Tax Season April 13, 2016 | No. 280 The Week After Tax Season Aaah…..the week after tax season is the best week in a CPA’s life each year! We met a … Continue reading

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TMTW# 279- Inheriting an IRA: Failing to Take Required Distributions

Tax and Money Tip this Week: Inheriting an IRA:Failing to Take Required Distributions April 6, 2016 | No. 279 Owners of traditional IRAs must start taking required minimum distributions when they turn 70 1/2. Nonspouse beneficiaries of any age who want … Continue reading

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