Tax eAlert: IRA Charitable Rollover Restored

January 2013

The American Taxpayer Relief Act of 2012 (passed in the early morning hours of 2013) retroactively restored tax-free distributions from individual retirement plans to charities for 2012, and extended the benefit through 2013.

Because 2012 has already passed, a special rule permits distributions taken in 2012 to be transferred to charities for a limited period in 2013. Another special rule permits certain distributions made in 2013 as being deemed made on December 31, 2012.

Please contact one of our tax lawyers if you would like any assistance with this new tax planning opportunity.

Sussman Shank LLP's Tax Practice Group
Aaron J. Besen | Harry M. Hanna | Darin D. Honn | Heather A. Kmetz
Robert W. Nunn | Jeffrey S. Tarr | Dallas G. Thomsen

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