This Week's Topic: IRA Issues

Natalie B. Choate, a Boston attorney and one of the foremost IRA planners and retirement plan experts, sent the following information to the subscribers of her book:

An inherited IRA must be registered under the Social Security number of the beneficiary, not the decedent since the beneficiary is the one who will be receiving the distributions from the account and reporting the resulting income. See IRS Instructions for Form 1099-R(2000), p. R-5 (Beneficiaries