I read the May 2018 CPA Journal article, “Untangling the Inherited IRA Rules” by Richard L. Russell Jr., Richard L. Russell, and Kristina Kesselring (http://bit.ly/2NeUw1F). One…
Untangling the Inherited IRA Rules
Retiring Baby Boomers and the Impending Transfer of Wealth
As the baby boomers enter their sunset years, many of them will use traditional Individual Retirement Accounts (IRA) to support themselves in retirement. For a…
CPAJ News Briefs
FASB/IASB News
FASB News Guidance for Bad Debt Reserves to Remain in U.S. GAAP FASB has agreed to drop a proposal that would have erased some guidance…
U.S. Tax Residency
Some Black-and-White Rules, Some Gray
When advising taxpayers or preparing returns, bright-line rules are generally the easiest to explain and to handle. In contrast, tax outcomes that depend on facts…