Watch Out for “Income in Respect of a Decedent” Issues When Receiving an Inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While most inherited property is tax-free to the recipient, this isn’t always the case with property that’s considered income in respect of a decedent (IRD). If you have large balances in an IRA or other retirement account — or inherit such assets — IRD may be a significant estate planning issue.

Construction Industry Advisor - Spring 2024

On May 7th, we celebrated Michele Scheidly's 33rd anniversary!

Michele is an Administrative Assistant in our Admin Department. She oversees all facets of our time and billing system, including all invoice preparation, keeps our office well stocked with supplies, and plays a vital role within our Admin Team!

We are so grateful for her dedication, hard work, and loyalty over the last 33 years!

On May 13th, we celebrated Kevin Gobeil's 11th anniversary!

Kevin is a Principal at SCG, and is a member of the leadership team of our Tax Department.



We are so grateful for his dedication, hard work, and loyalty over the last 11 years!