Publisher's Synopsis
<p> <b><i>SIMPLE, SEP, and SARSEP Answer Book</i></b> provides up-to-date coverage of recent legislative and regulatory developments in simplified employee pension (SEP) plans and savings incentive match plans for employees (SIMPLEs). It provides clear and concise guidance on the complex design, administration, and compliance issues that arise in connection with SIMPLEs, SEPs, and salary reduction SEPs (SARSEPs). </p> <p> Highlights of <b><i>SIMPLE, SEP, and SARSEP Answer Book, Eighteenth Edition</i></b> , include: </p> <ul> <li> Discussion of the final exemption procedure from the prohibited transaction rules that apply after December 26, 2011 </li> <li> How to compute the compensation a self-employed individual needs to be allocated the maximum amount ($50,000) for 2012 </li> <li> Why the Code Section 164(f) deduction for half of the self-employment taxes will be close to, but not equal to half, of the self-employment tax shown on Schedule C of Form 1040 or Form 1040NR for 2011 and 2012 </li> <li> The statutory changes under GOZA, TIPRA, HERO, PPA, HEART, and WRERA relating to qualification of IRAs that became effective after the mandatory amendments were announced in 2002 </li> <li> How the deduction for one-half of the self-employed health insurance (SEHI) was treated when calculating one-half of the self-employment tax under Code Section 164(f) for 2011 and 2010 </li> <li> When a person providing investment advice becomes a fiduciary under the proposed fiduciary advice regulations issued in 2010 </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> How a prototype traditional IRA, SEP-IRA, or SIMPLE IRA may be amended to incorporate statutory changes without affecting reliance on a favorable opinion letter </li> <li> How the designated Roth account (DRA) rules apply to a 401(k) SIMPLE IRA plan </li> <li> And much more! </li> </ul> <p> </p> <p> </p> <p> </p>
