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, by Linda C. Ashar
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Product details
File Size: 3708 KB
Print Length: 288 pages
Publisher: Atlantic Publishing Group Inc (November 15, 2010)
Publication Date: November 15, 2010
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B004A16FQS
Text-to-Speech:
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Amazon Best Sellers Rank:
#1,738,525 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Good
talked to two professionals..author has error in making mandatory withdrawals from ROTH IRA'S..you do not have to make them from a Roth,just traditional IRA'S..
This book is written by an Ohio attorney and contains many errors throughout. In addition, it is not updated to include the latest changes in the Federal Estate Tax as of December 2010. I bought this book with the hope that it would be a good refresher to help with clients but was disappointed that it was littered with inaccuracies. Most notably:page 83: "For a while, some people managed to dodge the estate tax dilemma. A person with a multi-million dollar estate did not want to have less money to give to her beneficiaries, so she named her grandchildren or great-grandchildren as the beneficiaries. They are all minors, so they do not have to pay any taxes on their inheritance."The estate tax has nothing to do with minors not having to pay taxes on an inheritance. It is a tax that is paid by the estate of a deceased and the fact that minors are beneficiaries does not affect the amount that is received by them. This was an inaccurate attempt to broadly explain the Generation Skipping Transfer Tax which fell short.page 87: "There is a deadline for paying an estate tax - it cannot just be paid whenever your executor gets around to it. That deadline is regularly 90 days after the date of death, but sometimes arrangements can be made for special circumstances."The deadline is very clearly 9 months and not 90 days.There are many other errors that I've noticed but choose not to post. I recommend any potential purchasers to beware of this product.
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