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-   -   In need of tax consultation (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/need-tax-consultation-101889/)

jerseyshorenomore 01-19-2014 04:07 PM

In need of tax consultation
 
Will someone please recommend a reasonable Tax Accountant or CPA for a consultation on withdrawing money from an Inherited IRA? Thank you.

rjm1cc 01-19-2014 08:16 PM

Try page 18 of http://www.irs.gov/pub/irs-pdf/p590.pdf

kellyjam 01-20-2014 05:08 PM

Here is a site with a good explanation.
https://www.fidelity.com/viewpoints/non-spouse-IRA

My wife inherited her Father's IRA. We used the IRS table for her life expectancy and started the withdrawals (RMD) the year after her Father died. One important note was that he hadn't taken his RMD at the time of his death for that year. So we took it on his behalf and filed his final tax return. So you don't start distributions until the year after the person's death.

jerseyshorenomore 01-20-2014 07:21 PM

Thank you both for the links. They are very helpful. I appreciate your response


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