Individual Retirement Account Answer Book
- ISBN-10
- 1454808594
- ISBN-13
- 9781454808596
- Series
- Individual Retirement Account Answer Book
- Category
- Law
- Pages
- 960
- Language
- English
- Published
- 2012-11-01
- Publisher
- Aspen Publishers
- Authors
- Jo Ann Lippe, Martin Fleisher
Description
Individual Retirement Account Answer Book is designed to providequick, accurate, and timely information pertaining to traditional and RothIRAs that concerns accountants, attorneys, financial planners, mutual fundbrokers, and other pension professionals.The Nineteenth Edition provides you with:Clear and concise explanations of IRA reporting and disclosure requirementsStrategies for tax, estate, and retirement planning involving IRAsGuidelines for establishing traditional and Roth IRAs, SIMPLEs, SEPs, ESAs,and HSAsTax-cutting tips, examples, calculations, and worksheetsState rules on taxation of traditional IRA and Roth IRA distributionThe Nineteenth Edition of Individual Retirement AccountAnswer Book includes extensively revised chapters that bring you up todate on important congressional and administrative agency actions and recentjudicial decisions that affect all IRAs, the Coverdell ESA, and Health SavingsAccounts, including:The Federal Aviation Administration Air Transportation Modernization andSafety Improvement Act of 2012 [Pub. L. No. 112-95], which for a limited timeprovides new rollover options for "airline payments"President Obama's proposals concerning IRAs:Exempt IRA owners and beneficiaries from the RMD requirements if theirretirement savings (in IRAs and qualified plans) are $50,000 or less, asmeasured at specified times (not annually); with phase-in of RMDs for savingsbetween $50,000 and $60,000)Allow nonspouse beneficiaries of both qualified plans and IRAs to use the60-day rollover method to transfer assets to inherited IRAsDouble the tax credit for employers establishing a SEP, SIMPLE, or qualifiedplan for the first timeRequire some employers to implement automatic enrollment in payroll deductionIRAsNew Treasury Regulations:Proposed regulations under Code Section 401(a)(9), which would allowqualifying longevity annuity contracts to be acquired by a traditional IRA andsatisfy the minimum distribution requirements (Prop. Treas. Reg. §1.401(a)(9)-6)Final regulations under Code Section 7502, clarifying the ways to obtain primafacie proof of a timely postmark date (Treas. Reg. § 301.7502-1(e)(2))IRS guidance and private letter rulings concerning IRAs:IRS Announcement 2011-81 (Dec. 12, 2011), stating that the Department of Laboris considering whether to issue a new prohibited transaction class exemptioncovering pledge, indemnity, and cross-collateralization agreements, and untilfurther notice the IRS will evaluate IRAs without regard to the consequencesof such agreementsIRS Rollover of Airline Payments to Traditional IRAs, providing procedures forrolling over airline payments to a traditional IRA, recharacterizing priorairline payment conversions to a Roth IRA, and amending returns for recoveryof conversion tax paidPrivate Letter Ruling 201208039 (Nov. 17, 2011), ruling that an IRA payable toa decedent's estate (and thus having no designated beneficiary) may be dividedinto separate accounts for each estate beneficiary, but distributions mustbepaid over the decedent's remaining life expectancyDepartment of Labor guidance concerning IRAs, including:Employee Benefits Security Administration Advisory Opinion 2011-09A, opiningthat a self-directed IRA owner's agreement to indemnify a broker forinvestment losses and tax expenses in the IRA's margin account is a prohibitedtransaction, and since such costs are neither ordinary operating expenses norincidental costs when incurred in a margin account, Prohibited TransactionExemption 80-26 does not apply
Get the book
Other editions
Similar books
-
Property Law: Rules, Policies, and Practices
By Joseph William Singer, Bethany R. Berger, Nestor M. DavidsonSee also Country Community Timberlake Village v. HMW Special Utility District of Harris, 438 S.W.3d 661 (Tex. Ct. App. 2014) (holding that a neighboring ...
-
Entertainment Law and Business
By William D. Henslee, Elizabeth HensleeAfter Justin Timberlake exposed Janet Jackson's pierced nipple on national television for 9/16ths of a second, the FCC received over 540,000 complaints.
-
The Common Law in Colonial America: Volume III: The Chesapeake and New England, 1660-1750
By William E. NelsonVolume III: The Chesapeake and New England, 1660-1750 William E. Nelson ... Decision of Law, Surry County Ct. 1673/74, in Eliza Timberlake Davis ed., ...
-
The Indiana State Constitution
By William P. McLauchlanE. Edwards v. California, 314 U.S. 160 (1941), 66 Edwards v. Housing Authority of City of ... Timberlake, 148 Ind. 38,46 N.E.339 (1897), 69,70 Graves v.
-
Child Support Guidelines: Interpretation and Application
By Laura W. MorganFitzgerald, 4.08[B][2], 5.05[D] Fitzgerald v. ... Mastrapa-Font, 7.03[A][3] Fontaine, In re, 5.05[D] Fontenette v. ... Frost, 5.05[A] Formato v.
-
Maritime Fraud and Piracy
By Paul ToddThe sole remedy is avoidance, however; damages cannot be claimed under s. ... 17, it places a great deal of power in the hands of insurance companies to ...
-
Principles of the Carriage of Goods by Sea
By Paul ToddNormally, a mate«s receipt would later be given up for a bill of lading, ... they necessarily prejudice the rights of those who deal in the goods ...
-
Maryland Employment Law
By Stanley Mazaroff, Todd Horn27 257 U.S. 184, 42 S. Ct. 72, 66 L. Ed. 189 (1921). ... 38 Argensinger, “Right to Strike”: Labor Organization and the New Deal in Baltimore, 78 MD . HIST .
-
Contract Law in New Zealand
By Stephen Todd, Jeremy Finn704 Contract and Commercial Law Act 2017, s. 80. 705 Leith v. Gould [1986] 1 NZLR 760. It is not clear how a New Zealand court would deal with a case such ...
-
Tort Law in New Zealand
By Stephen Todd... to meet the reasonable expectations of claimants about how the corporation should deal with them, by, inter alia, ... 7 Treaty of Waitangi Act 1975, s.