The SECURE Act eliminated stretch treatment for all inherited IRAs other than by eligible designated beneficiaries—a group which includes those that are disabled or chronically ill.
By making an IRC Section 645 election, clients can treat certain trusts as part of their estate.
Higher interest rates amplify the advantages of this approach.
Revenue Ruling 2023-2 confirms that taxpayers can’t have their cake and eat it too.
Highlights include CRATs and monetized installment sales.
Setting the stage for the end of the Tax Cuts and Jobs Act?
More than $5 trillion is now squirreled away in money-market funds.
A new notice seeks to treat certain NFTs as collectibles.