In need of tax consultation

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Old 01-19-2014, 04:07 PM
jerseyshorenomore jerseyshorenomore is offline
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Default 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.
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Old 01-19-2014, 08:16 PM
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rjm1cc rjm1cc is offline
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Try page 18 of http://www.irs.gov/pub/irs-pdf/p590.pdf
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Old 01-20-2014, 05:08 PM
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kellyjam kellyjam is offline
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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.
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Old 01-20-2014, 07:21 PM
jerseyshorenomore jerseyshorenomore is offline
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Thank you both for the links. They are very helpful. I appreciate your response
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