An article written by Tampa attorney Stephen J. Putnoki-Higgins, titled “Trustee-to-Trustee Transfer Didn’t Disqualify IRA,” was recently published in WealthManagement.com.
Stephen’s article discusses Private Letter Ruling 201943020 (PLR), which considered the tax implications of a trustee-to-trustee transfer between individual retirement accounts for the benefit of a charitable organization. According to his article, in the PLR, the Internal Revenue Service “clarifies the rules concerning inherited IRAs when nonindividual beneficiaries are involved.”
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About Stephen J. Putnoki-Higgins
Stephen J. Putnoki-Higgins is an attorney in the Tampa office of Shutts & Bowen LLP, where he is a member of the Private Client Services Practice Group. Stephen regularly represents individuals and families and helps them manage their wealth in a tax-efficient manner. He advises clients in the areas of domestic and international estate, trust and tax planning, primarily in income, estate, gift, and generation-skipping transfer taxation, but he also counsels clients regarding charitable giving, the organization, registration, and administration of tax-exempt organizations, choice-of-entity planning, estate and trust administration, state and local taxation, and the income taxation of partnerships, corporations, LLCs, co-ops, hybrid entities, and trusts.