IRS Trouble
Client has a pretty large debt to IRA and just Inherited $125,000 IRA from mother. Can IRS go after that inheritance? If so, anything we can do to avoid this?
Client has a pretty large debt to IRA and just Inherited $125,000 IRA from mother. Can IRS go after that inheritance? If so, anything we can do to avoid this?
Your client’s mother could have provided for your client in trust rather than outright. Why didn’t she?
Permalink Submitted by Alan - IRA critic on Tue, 2018-03-06 23:03
Inheritances are not shown as immune under Sec 6334, so the IRS could levy an inherited IRA and I know of no way to protect it.