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The Senate Committee on Finance voted 26-0 in September to kill the “Stretch IRA” for non-spousal beneficiaries — putting trillions of dollars of legacy wealth in danger of being collected by the tax man.“This is going to be big,” said James Lange, a Squirrel Hill-based tax accountant, attorney and author. “It’s not a done deal. It’s not immediately effective. But in the past when you had a 26-0 Senate vote, the legislation always became law the next year.”

Source: Congress could put an end to inherited IRAs for non-spousal beneficiaries | Pittsburgh Post-Gazette

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