Nicholas Pension Consultants
RTD Financial Advisors
Loren D. Stark Company
ERISA Services, Inc.
Plumbers Local Union No. 1 Benefit Funds
Hochheiser Deutsch & Co, Inc.
Farmer & Betts, Inc.
Kentucky Trust Company
Retirement Plan Consultants
EPIC Retirement Plan Services
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|Withhold Taxes on Distribution to Deceased IRA Owner's Nephew?|
Feb. 4, 2004
Excerpt: Question: One of our IRA owners died leaving his entire traditional IRA to his nephew. The nephew wants to take a total distribution. Do we withhold income taxes or is he on his own at tax time? Answer: As a traditional IRA custodian/trustee you are a payer required to provide any IRA owner, or beneficiary after an owner's death, with IRS Form W-4P ... prior to his/her receiving a distribution.
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