Month: February 2012
Stretch IRAs No Longer on the Chopping Block
The the provision that would limit stretch IRAs (I blogged about it yesterday) has been removed from the proposed Highway Bill. Good…
No More IRA Stretching?
Senator Baucus’ proposal to do away with stretching for most inherited IRA has not gone away as was anticipated earlier this month….
Obama’s 2013 Revenue Proposals
The White House has issued its 2013 fiscal year revenue proposals, with estate and gift tax changes consistent with administration’s earlier stance…
IRS Procedure for Requesting Extension for Late 706
From the AICPA: Beginning in January 1, 2011, the Internal Revenue Code provides for portability of the estate tax exemption between spouses….
Senator Baucus Proposes Big Changes to IRAs
I’ve been a big proponent of planning to preserve the ability to “stretch” inherited IRAs over the life expectancy of the beneficiary,…
Tax Related Duties of an Executor
I just came across this article, Closing Down the Estate, on SmartMoney.com. It gives a good overview of what an executor is responsible…
