IRA’S AND RETIRING PLANS: DEFUSING THE TAX TIME BOMB

The result can be a large income tax paid to California. Also, there is no federal income tax deduction for the state death tax credit amount paid to California, so the IRD deduction is further diminished. Adverse Estate Tax Consequences. Under IRC Sec. 4890(d), there is a 15% excise tax levied against excess retirement accumulations. ................
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