Serbinski Accounting Firms

I am still questioning approach. As I understand it, as one of the designated recipients of a portion of my brother's non Roth IRA, I can, as a dual (CDN and USA) Citizen qualify as Eligible Designated Beneficiary as I am within the 10 years younger category (5.5 years) of IRA Owner. We are both in ...

Thank you for all your time. Gratly appreciated it.

I did find out the IRA is a Non Roth BTW

Thank you taking the time to reply. I do have some questions. Why does he need to simplify to 1-2 beneficiaries? Is there a tax benefit to this or ? While I could advise him to leave the IRA to the estate, I doubt I could persuade him if it would cost him (like legal fees) to do this but if there wa...

I have both US and Canadian Citizenship (came to Canada in the 70s). I own a house in Canada and a mobile in US (rented landed). I stand to inherit a small portion of a brother's IRA (most going to distance relatives). I am in my 70s thus a RRIF not RRSP. What is the best way to handle this re taxes...