A client recently told CPA Moms that she inherited her father's IRA valued at $150,000.  Another CPA told her that she had to take all the money out of the IRA at once. When she did, it ended up costing her $45,000 in taxes!

This CPA Moms "stretching" information could have saved a lot of money on inherited IRAs.

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• Celebrate Grandparents' Day by planning to beat the taxman
  
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• An Estate Planning Primer
  
  An estate is the total value of everything we own--and business and personal assets can add up quickly. Everyone has an estate. And realize it or not, everyone also has an estate plan. An estate plan can...

• The Basics Of Estate Planning
  
  Estate Planning may be a word that is encountered by many citizens especially the elderly. What is Estate Planning? What benefits does it provide to people?Estate Planning is a method of arranging and...

• Estate Planning Basics
  
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• Estate Planning and Insurance Concerns When You Divorce
  
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• The tax ramifications of an inherited Roth IRA
  
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• How to transfer a retirement account
  
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  As you probably know, an individual retirement account requires that you decide where your money is going to be invested in order to...

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• Inheriting an IRA: Planning techniques for primary beneficiaries
  
  Individual Retirement Accounts (IRAs) are tax-advantaged savings plans available to people who meet certain eligibility requirements. IRA contributions are placed in custodial accounts at financial institutions,...

• Retirement Planning May Drive the Decision to Buy Annuities, But Estate Planning and Inheritances Drive Many to Sell
  
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• Converting an Inherited IRA to a Roth IRA
  
  It depends on who you inherited the IRA from. If you inherited it from your deceased spouse, you may roll over the funds into your own IRA and if you chose, convert your traditional IRA to a new Roth...

• Inherited IRA Accounts
  
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• Estate planning basics
  
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• Why, What and When You Need Estate Planning
  
  Sitting down with a financial advisor to plan the transfer of all of your personal assets upon the event of your death to your chosen beneficiaries is called estate planning. Successfully planning your...

• Say what? You Don't Have An Estate Plan . . . !
  
  If you havent taken the time to prepare your estate plan, youre not alone. According to a survey conducted by FindLaw.com, a whopping 55% of Americans havent even taken the time to have a will prepared,...

• What Is An Inheritance Tax And When Is It Applied?
  
  When an individual passes, on the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars. The federal government is...

• Inheriting an IRA: Big Money at Stake
  
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• Inheritance taxes explained
  
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• You -- not IRS -- should benefit from inherited IRA
  
  Handled correctly, an inherited traditional individual retirement account can be a tidy windfall. But if you dont follow IRS regulations to a "T," you could end up paying significant penalties and taxes....

• Estate Tax: What It Is And How It Is Filed
  
  According to the Internal Revenue Service (IRS), an Estate Tax is a tax that is imposed on your right to transfer your property and belongings after your death. The individual who is in charge of handing...