Corrections


  The “Roth IRA Conversion Quiz” in the August 2010 issue contained an incorrect answer to Question 10: “The original owner of a Roth IRA can always choose to take the money out, but is never required to.” The correct answer is “True.”

 

  The July 2010 article “Charitable Planning” contained an error. In the paragraph about uncertainty surrounding the IRS’ position on balloon IPCLATs (increasing payment charitable lead annuity trusts), the text should have said, “Should the annual growth of the annuity be limited to 20% like GRATs (grantor retained annuity trusts)?”

 

SPONSORED REPORT

Tax reform changes are now in effect

With all the recent tax law changes, this year it’s more important than ever to make sure your clients’ tax situations are squared away before year end. This report provides necessary guidance to ensure 2019 starts without a hitch.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.