For tax year 2011, the Government Accountability Office estimated 43 million taxpayers had IRAs worth $5.2 trillion. The GAO estimated that in 2014, IRAs resulted in Treasury foregoing $17.45 billion of tax revenue. In addition to the huge sums poised for generational transfer, the rules for structuring IRA beneficiary designations have been shifting sands, with more changes proposed. This session will explore the planning opportunities with IRAs, and explain the rules that must be safely navigated, particularly as it relates to alternative investments by IRAs in private equity and real estate. We will explore the recent enforcement trends from the Internal Revenue Service, including case law relating to prohibited transactions.
Moderator: Henry Talavera, Polsinelli PC, Dallas, TX
- Mark R. Parthemer, Bessemer Trust, Palm Beach, FL
- Marc Purintun, Williams Mullen, Richmond, VA
- Lori Oliphant, Winstead PC, Dallas, TX
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