A February “ Tax
Matters ” case study of Gee v. Commissioner
should have specified that only surviving spouses who inherit an
individual retirement account (IRA) may roll it over directly into an
IRA in their own name.
These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.