Discussion:Annuity Transfer to Daughter

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

(Difference between revisions)
Jump to: navigation, search

Mikelim (Talk | contribs)
(New Discussion)
Next diff →

Revision as of 17:16, 24 May 2007

Discussion Forum Index --> Tax Questions --> Annuity Transfer to Daughter

Mikelim (talk|edits) said:

24 May 2007
Since I know nothing about annuities, I thought I'd throw this up here.

I had a possible new client come to me saying that they had transfered ownership of her father's annuity to her and her mother because her father was beginning to lose his faculties.

Her prior CPA assured her that this was not a taxable event, however, the annuity co treated this as a distribution.

Is there a way to correct this? Or was she simply given bad advice from her prior CPA?

Retrieved from "http://taxalmanac.org/index.php/Discussion:Annuity_Transfer_to_Daughter"