Simple Inherited IRA Screw-Up Results in a $9,000 Tax Bill
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Simple Inherited IRA Screw-Up Results in a $9,000 Tax Bill

By Jeremy T. Rodriguez, JD
IRA Analyst

Jeremy Rodriguez

Legal training is less about memorization and more about understanding how to break down complex problems. With that mind, I often suggest that people understand the law and not try to memorize it. Why was it enacted and what is it trying to prevent, or encourage? Of course, there are exceptions to this general rule. In this arena, I’m talking about laws or rules that are easy to remember and which can lead to mistakes that cannot be undone. Those should be committed to memory.

 
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