Inherited IRA Beneficiaries Separately Responsible for Taxes on Separate Shares
	
	
	
	
		
			Jun 3, 2019
		/
		
			By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
	
	
	
	A new PLR confirms: When multiple beneficiaries inherit an IRA, each beneficiary is independently responsible for any income taxes and/or penalties assessed on their share of the inheritance. Proper accounting must be done to ensure accurate accountability of individual responsibility.