Category Archives: Quincy’s Corner – IRA Advice and Resources

UBIT? You Bet!

Questions: I think the answer to my question. Does Arkansas charge tax on UBIT and UDFI? in the book 2009 Multistate Guide to Regulation and Taxation of Nonprofits By Steven D. Simpson. Which is found in full online through google books at: https://books.google.com/books?id=KE5dVpNcWkwC&pg=SA3-PA9&lpg=SA3-PA9&dq=Section+512+of+the+Internal+Revenue+Code+arkansas&source=bl&ots=YFNc-ZE7U0&sig=PpYxNwFJEhq5fd920ha18OXLFkw&hl=en&sa=X&ei=ItEKVdmUOcSwggSMiIOoBQ&ved=0CC8Q6AEwAw#v=onepage&q=Section%20512%20of%20the%20Internal%20Revenue%20Code%20arkansas&f=false It says that Arkansas does not have IRS code sections 501-529, but View the rest of post…

U. S. Supreme Court Rules that Inherited IRAs Are Not Protected In Bankruptcy

U. S. Supreme Court Rules that Inherited IRAs Are Not Protected In Bankruptcy                   On June 12, 2014, the United States Supreme Court ruled in a unanimous opinion that inherited Roth and traditional IRAs are not protected from creditors under the “retirement funds” exemption in the U.S. Bankruptcy Code.  The case is Clark v. View the rest of post…

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