IRS Clarifies Rules for Withdrawals from Inherited IRAs by Joanie Stein, CPA
Posted on September 13, 2022 by Joanie Stein
The 2019 passage of the SECURE Act ushered in a new rule requiring certain beneficiaries of inherited individual retirement accounts (IRAs) to empty those accounts and pay the taxes due within 10 years of an original owner’s death. While the law made it clear that non-spouse beneficiaries cannot stretch out withdrawals from inherited accounts over […]