Tag Archives: IRAs

Inherited IRAs and Bankruptcy Heading to the Supreme Court

Posted on December 1, 2013 by Russ

Can creditors go after an inherited IRA in bankruptcy? The Supreme Court will examine that issue next Spring when they hear arguments in Clark v. Rameker. The Supreme Court will resolve a split in the Courts of Appeal (the 7th … Continue reading →

Posted in Supreme Court | Tagged , | Comments Off on Inherited IRAs and Bankruptcy Heading to the Supreme Court

IRAs and Owning a Business Through an IRA

Posted on May 12, 2013 by Russ

Every so often a client asks me, “Can I fund/purchase/own my business through an IRA.” My general answer is don’t do this! You may be able to do it legally, but there are so many gotchas that it’s rarely worth … Continue reading →

Posted in Tax Court | Tagged | 1 Comment

Wash Sales Go To IRAs, Too

Posted on December 25, 2007 by Russ

Last week the IRS announced in Revenue Rule 2008-05 that wash sale rules impact transactions into an IRA. This could have a major impact to the unaware. A “wash sale” is when you sell shares of stock at a loss, … Continue reading →

Posted in Tax Preparation | Tagged | Comments Off on Wash Sales Go To IRAs, Too