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?
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.
Permalink Submitted by Bruce Steiner on Thu, 2018-03-29 16:07
Your client’s mother could have provided for your client in trust rather than outright. Why didn’t she?