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Quick Reference to IRAs, 2012 Edition
Quick Reference to IRAs provides attorneys, accountants, financial planners, and consultants - along with their clients - with the essential facts and advice regarding the planning, implementation, and administration of IRAs.
Quick Reference to IRAs completely covers the planning, programming, implementation, and administration of individual retirement accounts. This unique resource delivers:
Fast answers to all your IRA questions
Numerous, practical examples illustrating real-world applications
Crucial caveats to help you steer clear of common problems
Immediate access to essential IRA information
Quick Reference to IRAs has been updated to include:
Discussion of the procedural guidance issued in December 2010 to drafters of pre-approved model and prototype IRAs and Roth IRAs, including rules for when documents must be submitted to the IRS
When the IRS lost an "abusive transaction" case
The extension of designated Roth contribution features to governmental 457 plans
When "wrap" fees for investment advice and trade execution services are not deemed contributions to the owner's traditional or Roth IRA
Coverage of the changes to the IRS' List of Required Modifications and Information Package (LRMs) for Roth IRAs
How the deduction for one-half of the self-employed health insurance (SEHI) is treated when calculating one-half of the self-employment tax under Code Section 164(f) for 2011
What an Employer Plans Compliance Unit (EPCU) examination program request involving a SIMPLE or SEP is looking for and how to respond
How the proposed fiduciary advice regulations issued in 2010 may turn many consultants, advisors, and appraisers into ERISA fiduciaries
Why these regulations were withdrawn and when will they be reproposed
When the new two-part test replaces the five-part test used to determine whether the provision of investment advice is a fiduciary function
When the statutory exemption in the final regulations apply to fee-level or computer model investment advice
Why did the SEC issue a no-action letter regarding the DOL's participant disclosure requirements and its rules on advertising
Why the pro-rata allocation rule applies to direct rollovers and the taxable first rule applies to 60-day rollovers from an employer's plan to an IRA, and why Roth IRAs are treated differently
Whether inherited IRAs are protected from creditors or included in the debtor's bankruptcy estate under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
When an ACA may be used in connection with a SEP or SARSEP arrangement
The extent to which IRAs are protected from creditors and under state and federal law
The Form 1099-R reporting codes and changes to Form 5498 and Form 8606
A discussion of the Small Business Jobs Act of 2010 provision allowing for "in-plan" rollover conversions of a permitted distribution from an elective 401(k), 403(b), or governmental 457(b) plan to a designated Roth account within the employer's plan
How the DOL's 7-day safe harbor rules for elective contribution are applied after a delinquent contribution is made
Why applicable state law determines what property is, or is not, community property
How the $1 million bankruptcy exemption amount is adjusted every three years ($1,171,650 for cases filed on or after April 2, 2010)
Roth IRA conversion factors and case study observations
How net unrealized appreciation (NUA) in employer securities converted to a Roth IRA are taxed under Notice 2009-82
How removal of the $100,000 AGI limit for conversions from an eligible retirement plan beginning in 2010 effectively eliminates the income limit for contributing to a Roth IRA
The decision
Quick Reference to IRAs completely covers the planning, programming, implementation, and administration of individual retirement accounts. This unique resource delivers:
Fast answers to all your IRA questions
Numerous, practical examples illustrating real-world applications
Crucial caveats to help you steer clear of common problems
Immediate access to essential IRA information
Quick Reference to IRAs has been updated to include:
Discussion of the procedural guidance issued in December 2010 to drafters of pre-approved model and prototype IRAs and Roth IRAs, including rules for when documents must be submitted to the IRS
When the IRS lost an "abusive transaction" case
The extension of designated Roth contribution features to governmental 457 plans
When "wrap" fees for investment advice and trade execution services are not deemed contributions to the owner's traditional or Roth IRA
Coverage of the changes to the IRS' List of Required Modifications and Information Package (LRMs) for Roth IRAs
How the deduction for one-half of the self-employed health insurance (SEHI) is treated when calculating one-half of the self-employment tax under Code Section 164(f) for 2011
What an Employer Plans Compliance Unit (EPCU) examination program request involving a SIMPLE or SEP is looking for and how to respond
How the proposed fiduciary advice regulations issued in 2010 may turn many consultants, advisors, and appraisers into ERISA fiduciaries
Why these regulations were withdrawn and when will they be reproposed
When the new two-part test replaces the five-part test used to determine whether the provision of investment advice is a fiduciary function
When the statutory exemption in the final regulations apply to fee-level or computer model investment advice
Why did the SEC issue a no-action letter regarding the DOL's participant disclosure requirements and its rules on advertising
Why the pro-rata allocation rule applies to direct rollovers and the taxable first rule applies to 60-day rollovers from an employer's plan to an IRA, and why Roth IRAs are treated differently
Whether inherited IRAs are protected from creditors or included in the debtor's bankruptcy estate under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
When an ACA may be used in connection with a SEP or SARSEP arrangement
The extent to which IRAs are protected from creditors and under state and federal law
The Form 1099-R reporting codes and changes to Form 5498 and Form 8606
A discussion of the Small Business Jobs Act of 2010 provision allowing for "in-plan" rollover conversions of a permitted distribution from an elective 401(k), 403(b), or governmental 457(b) plan to a designated Roth account within the employer's plan
How the DOL's 7-day safe harbor rules for elective contribution are applied after a delinquent contribution is made
Why applicable state law determines what property is, or is not, community property
How the $1 million bankruptcy exemption amount is adjusted every three years ($1,171,650 for cases filed on or after April 2, 2010)
Roth IRA conversion factors and case study observations
How net unrealized appreciation (NUA) in employer securities converted to a Roth IRA are taxed under Notice 2009-82
How removal of the $100,000 AGI limit for conversions from an eligible retirement plan beginning in 2010 effectively eliminates the income limit for contributing to a Roth IRA
The decision
500 pages, Paperback
First published September 23, 1999
1 person want to read
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