Just as IRAs attract more alternative assets, they’re also attracting more IRS attention.
“The IRS has long believed that there is substantial noncompliance with minimum distribution requirements,” says Natalie Choate, an attorney with the Boston law firm Nutter McClennen & Fish. Recent changes give the tax agency a window into the IRAs that may be coming up short: large accounts containing hard-to-value assets, with owners over age 70 ½, according to Choate, author of Life and Death Planning for Retirement Benefits.
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