Publisher's Synopsis
<p> <i><b>Quick Reference to IRAs</b></i><b> </b>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. </p> <p> <i><b>Quick Reference to IRAs</b></i> completely covers the planning, programming, implementation, and administration of individual retirement accounts. This unique resource delivers: </p> <ul> <li> Fast answers to all your IRA questions </li> <li> Numerous, practical examples illustrating real-world applications </li> <li> Crucial caveats to help you steer clear of common problems </li> <li> Immediate access to essential IRA information </li> </ul> <p> The <b><i>2013 Edition</i></b> brings you up to date on the latest developments and adds significant new and revised materials on a number of critical topics, including: </p> <ul> <li> The benefits of using a trust as a beneficiary </li> <li> The strategic use of disclaimers for modifying an estate and retirement distribution plan to meet any changes in needs or objectives </li> <li> The self-employment tax deduction modifications for 2012 </li> <li> Discussion of the exceptions that treat the performance of service as an employee as a trade or business </li> <li> The temporary relief for entering into certain indemnification and cross-collateralization agreements with brokers and financial institutions </li> <li> The 2011 guidance concerning the application of Prohibited Transaction Class Exemption 86-128, which permits a plan fiduciary (or affiliate) to engage in securities transactions for a fee as an agent on behalf of a plan </li> <li> Recent developments on fee-leveling and computer modeling arrangements </li> <li> New charts and discussion covering the calculation of earned income for retirement plan purposes </li> <li> 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 </li> <li> When the IRS lost an "abusive transaction" </li> <li> When "wrap" fees for investment advice and trade execution services are not deemed contributions to the owner's traditional or Roth IRA </li> <li> What an Employer Plans Compliance Unit (EPCU) examination program request involving a SIMPLE or SEP is looking for and how to respond </li> <li> Why did the SEC issue a no-action letter regarding the DOL's participant disclosure requirements and its rules on advertising </li> <li> The Form 1099-R reporting codes and changes to Form 5498 and Form 8606 </li> <li> A discussion of the 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 </li> <li> Complete discussion of the integration and participant exclusion rules that permit larger SEP contributions to be made for employees earning above a specified amount, but that also require that the $50,000 (for 2012) allocation limit be reduced </li> <li> The circumstances that allow the life expectancy of each beneficiary to be used ("separate share treatment"), rather than the life expectancy of the oldest beneficiary, under a single trust used as beneficiary of an IRA </li> <li> When a qualified disclaimer can be used by a beneficiary who will receive an RMD or by an individual to avoid being treated as a "designated beneficiary" as of September 30 following the year of death </li> </ul> <p> </p> <p> </p> <p> </p>
