Disclaimer

When IRA assets get disclaimed, does anything involving the disclaimer get filed with the IRS? (My guess is no.)



Your guess is correct. It gets filed with the transferor of the interest or their legal representative. The IRS would only be involved should they have reason to inquire or audit one of the parties.



Question no. 1 on Schedule M of the estate tax return (Form 706) asks if any property passed to the spouse as a result of a disclaimer, and if so, says to attach a copy of the disclaimer.

Even if the disclaimed property passes to someone other than the spouse, we would attach a copy of the disclaimer to the estate tax return.



Thanks, guys.



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