Recent Developments Help Avoid the Double Tax on IRD Property

Gardner, Randy; Welch, Julie A.
February 2007
Journal of Financial Planning;Feb2007, Vol. 20 Issue 2, p44
Academic Journal
The article offers ideas to minimize taxes imposed on income in respect of decedent property. The author starts by giving a hypothetical scenario in which a man's gross estate includes a $1 million IRA. The author poses the question whether the man should distribute the IRA before or after his death, to which the author provides answer and reasons for the answer. A table presenting both outcomes is included. The article continues by offering advice on how to avoid the estate tax and minimize income tax when such a scenario is presented, including the Pension Protection Act and income tax deductions.


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