Who here knows about ‘inherited IRA’s?

[BH-ATL]

Apparently the new laws require the funds be disbursed within 10 years. Everything is taxable as current income. Unfortunately I have been gearing up to fight the IRS and their unlawful taxing of this citizens income.

I believe this is now true thanks to our congressmen. My Dad left my brothers and I a small amount and I and slowly working through it based on the old way. You should be able to get some info from the firm holding the IRA. I suspect they would be very happy for you to leave it where it is and service it for you. Just make sure you take the RMD's so you don't pay a penalty on top of the tax.