Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020): 10% Penalty Applies – Disability Exception for Certain IRA Distributions Don't Apply to Owner's Spouse is Disabled

The Tax Court, in a summary opinion in Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020), held that the disability exception to the 10% additional tax on certain IRA distributions did not apply when the IRA owner’s spouse was disabled, not the owner himself.

To see full opinion, click Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020).

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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