TAX PROBLEMS ARISING WHEN SURVIVING SPOUSE BECOMES SOLE OWNER AND BENE

[Guest d wade]

WSJ article of 10/06/99 indicated IRS would permit owners to amend forms to correct problem. Would welcome any comments as to wording and avoiding other problems in the forms.

[BPickerCPA]

The IRS form 5305 has a line on it that states that if the beneficiary is the spouse, that spouse automatically rolls the roth into his or her own roth. All you need to do is cross out that line. IF the brokerage account application does not use form 5305 but has a similar line, cross out that line.