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If you are the beneficiary of an IRA, taxes must eventually be paid on the proceeds of the IRA. However, depending on your beneficiary status, there can be a lot of flexibility as to when the taxes must be paid.axes Must Be Paid Eventually. An IRA is a tax-deferred account, and Internal Revenue Service (IRS) rules force taxes to be paid on the account eventually. If you choose to withdraw any money from the inherited IRA, that money will be taxable for the year in which you made the withdrawal.
Not only can you name your spouse, but when a surviving spouse inherits an IRA, she can treat it as her own rather than as an account beneficiary. This means that your spouse can combine the inherited IRA with her own IRAs after your death, and that she won't have to take required distributions from the account until she reaches age 70 1/2 years old.