Rebecca Rosenberger Smolen, left, and Amy Neifeld Shkedy, right, of Bala Law Group. Update for Inherited IRAs: Final Regulations Are Here
Starting in 2025, under the final regulations just issued by the IRS in July, the views of the commentators advocating a more taxpayer friendly statutory interpretation have been disregarded, and annual distributions will now be required, based on the longer of the life expectancy of the beneficiary or the decedent.
August 30, 2024 at 11:42 AM
5 minute read
Trusts and Estates
Since the SECURE Act was passed in December 2019, taxpayers have been awaiting final word on how to interpret the new 10-year rule that pertains to required minimum distributions (RMDs) from an inherited IRA account attributable to a decedent who had been required to take minimum distributions at the time of death. This relates to situations where death occurred after the decedent's "required beginning date" or "RBD." The verdict is finally in.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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