Roth IRA Answer Book, Sixth Edition by Gary S. Lesser, Michelle L. Ward, Gregory Kolojeski List Price: $290.00   Eligible for Free Standard Shipping on U.S. Prepaid Orders Imprint: Aspen Publishers ISBN: 9780735584556 Format: Hardcover Last Updated: 10/28/2009 Automatic Supplementation More Info. Available: Item ships in 5-7 Business Days

Roth IRA Answer Book, Sixth Edition, provides an up-to-the-minute tutorial on this subject for a wide variety of professional markets, including pension consultants, insurance agents, financial planners and investment advisors, plan administrators, lawyers, and accountants, as well as businesses that promote, market, service, or provide technical support to retirement plans, products, and related services. You'll find in-depth coverage of the administration and operation of a Roth IRA, as mandated by the Internal Revenue Code, Treasury regulations, and other IRS guidance. Written by a team of practicing experts preeminent in their fields, Roth IRA Answer Book takes the reader, step by step, through the creation, operation, and extinction of a Roth IRA. Topics covered include the following: How a Roth IRA is established, how documents are designated, and how a Roth IRA may be revoked Trustee and custodian disclosure requirements and governmental form reporting requirements - Forms 1099-R, 5329, and 8606 Limits on contributions, including the contribution phase-out rules, and the definition of modified adjusted gross income (MAGI) How the taxation of a Roth IRA distribution depends upon the source of funding for the amount distributed How abusive transactions having the effect of shifting value from a preexisting business into a Roth IRA for less than fair market value may be challenged How the contribution recovery rules under the ordering rules determine whether a Roth IRA distribution consists of annual contributions, conversions from an eligible retirement plan, other rollover contributions, or earnings How to make and treat a rollover (conversion) from an eligible retirement plan to a Roth IRA Which taxpayers will benefit most from a conversion, and when (especially in a declining investment environment) can a conversion be undone in a recharacterization How a 2010 conversion is spread out over two years, but accelerated into income if received before 2013 How the elimination of the $100,000 MAGI requirement and, if married, the joint filing requirement for rollover conversions to Roth IRAs will accelerate conversions after 2009 Income and estate tax benefits of establishing a Roth IRA, and of converting a traditional IRA to a Roth IRA How Roth IRAs may be used to enhance overall wealth-transfer planning The treatment of penalty-free distributions from an eligible retirement plan for special purposes, such as hurricane distributions, qualified recovery assistance distributions, qualified disaster recovery distributions, and qualified reservist distributions How the suspension of the 2009 RMD rules affect Roth IRA owners and beneficiaries How and when special-purpose distributions may be repaid (rolled over) to an eligible retirement plan, including a Roth IRA And more! The Sixth Edition includes coverage of the most recent developments in the area, including: A fully revised chapter 3 on conversions, contribution recharacterization, and rollovers, and chapter 4 on voluntary distributions Expanded coverage and more examples of the distribution ordering rules Why a Roth IRA conversion after 2009 may or may not make sense How the removal of the $100,000 modified adjusted gross income (MAGI) limit for Roth conversions from an eligible retirement plan beginning after 2009 will effectively eliminate the income limit for contributingto a Roth IRA Expanded coverage of special purposes distributions and repayments, including qualified recovery assistance distributions and qualified disaster recovery distributions An examination of the circumstances that allow special-purpose distributions to be recontributed (i.e., repaid by being rolled over) to an eligible retirement plan, including a Roth IRA Expanded coverage of the rollover rules applicable to certain airline payments, military death gratuities, Exxon Valdez settlements, and Servicemembers' Group Life Insurance (SGLI) to a Roth IRA. Expanded coverage of the qualified rollover rules that allow a direct "conversion" from an eligible retirement plan to a Roth IRA How same-sex marriages, civil unions, domestic partnerships, and similar relationships in California, Connecticut, Hawaii, Maine, Massachusetts, New Hampshire, New Jersey, Oregon, Vermont, Washington, and the District of Columbia can affect an owner's or participant's beneficiary designation. View the Highlights for this title. 1. Introduction to Roth IRAs Establishing a Roth IRA Model Roth IRA Documents Records Retention Revoking a Roth IRA Prototype Roth IRA Documents Prohibited Transactions and Related Definitions Miscellaneous Rules 2. Annual Contributions to a Roth IRA Limits on Annual Contributions Phaseout Rules Age and Plan Participant Status Annual Contribution Deadline Excess Contributions Tax Credits for Contributions Deemed Roth IRAs Payroll Deduction Roth IRA Programs 3. Conversion, Contribution Recharacterization, and Rollovers Conversion of Traditional IRA to Roth IRA Eligibility Taxation Valuing Annuity Contracts Converted to a Roth IRA Contribution Recharacterization SEP IRA/SIMPLE IRA Rollovers Deemed IRAs Rollover of Military Death Gratuities and SGLI Payments Rollover of Exxon Valdez Settlement Qualified Reservist Distribution Repayments Qualified Hurricane Distribution Repayments Qualified Recovery Assistance Distributions Repayments (Kansas Disaster Area) Qualified Disaster Recovery Assistance Distribution Repayments (Midwestern Disaster Areas) Rollover of Airline Payments 4. Voluntary Distributions Qualified Distributions Nonqualified Distributions Five-Year Exclusion Periods 10 Percent Premature Distribution Penalty Withholding Transfers Between Roth IRAs Transfers Incident to Divorce Deductions for Losses Demutualization Deemed Roth IRAs Qualified Roth IRA Contribution Programs (Designated Roth Contributions) 5. Required Minimum Distributions Five-Year Rule Beneficiaries Subsequent Beneficiaries Penalties Tax Matters Deemed Roth IRAs 6. Financial Planning The Basic Considerations AGI/MAGI Conversion Considerations State Law Considerations Inherited IRA Life Insurance to Pay Estate Tax 7. Roth IRA Trusts Drafting Considerations Roth IRA Trust Distribution Rules Generation-Skipping Trust Funding Clauses Disclaimers Taxation Permissible Transfer QTIPing a Roth IRA 8. Beneficiary Designations and Estate Planning Making a Beneficiary Designation Using Trusts Family Rights That Restrain a Beneficiary Designation Charitable Gifts Simultaneous Death; Absentees Marriage Spouse's Rights Disclaimers Government Claims Unclaimed Property Tax-Oriented Estate Planning Qualified Domestic Trust for an Alien Giving Advice 9. Required Reporting for Roth IRAs Reporting Roth IRA Contributions on Form 5498 Information to Be Provided to IRA Owner (or Beneficiary) Deceased IRA Owner Recharacterization Contributions Revoked Roth IRAs Penalties Records Retention Reporting Roth IRA Distributions on Form 1099-R When Form 1099-R Is Not Used Conversion Recharacterization Revoked Roth IRAs Correcting1099-Forms Penalties Merger of Trustees and Custodians Records Retention Federal Income Tax Return (Form 8606) 10. Designated Roth Contribution Programs Contributions to Designated Roth Accounts Designation Roth Accounts Distributions from Designated Roth Accounts Rollovers of Designated Roth Contributions Excess Contributions Reporting and Recordkeeping Requirements for Designated Roth Accounts APPENDIX A: Roth IRA Charts and Tables Traditional IRA and Roth IRA Comparison Chart for 2009 Traditional IRA Deduction Restrictions for Active Participants Restrictions on Roth IRA Contributions for High-Income Taxpayers Roth IRA Distribution Taxation Traditional/Roth IRA Eligibility for 2009 - married Traditional/Roth IRA Eligibility for 2009 - single Distribution to Beneficiary Chart IRA and Roth IRA Distribution Flowchart Annual Roth IRA Contribution Limits MAGI Phaseout Chart APPENDIX B: Extracts from Relevant Code Sections (As of June 1, 2008) Code Section 408A: Roth IRAs APPENDIX C: IRA Legacy Trust - Sample Provisions IRA Legacy Family Revocable Trust IRA Legacy Family Trust - For Benefit of Children and Issue of Any Deceased Child - Separate Shares IRA Legacy Grandchildren's Trust APPENDIX D: Extracts from Treasury Regulations Preamble, Final Treasury Regulations Section 1.408A Preamble, Final Treasury Regulations Section 1.408A-4 Treasury Regulations Section 1.408A-1 through 1.408A-10 APPENDIX E: Revenue Procedures, Announcements, and Notices Revenue Procedures 2006-13, 2006-3 IRB 315 Notice 2007-7, Section IX, 2007-5 IRB 395 Notice 2006-44, 2006-20 IRB 889 Announcement 2008-44, 2008-20 IRB 892 Announcement 2007-55, 2007-1 I.R.B. 1384 Notice 2008-30, 2008-12 IRB 638 Notice 2004-8, 2004-4 IRB 333 APPENDIX F: Pension and Welfare Benefits Administration (PWBA) Opinion Letter APPENDIX G: Lists of Required Modifications and Information Packages (LRMs) Roth IRA List of Required Modifications and Information Package (Dated: May 2007) Cash or Deferred Arrangement (CODA) List of Required Modifications and Information Package (Dated: January 2006) APPENDIX H: Employee Benefit Limits TABLES INDEX Pension Distribution Answer Book, 2010 Edition Melanie N. 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McNeil The Journal of Pension Planning & Compliance is the leading source for in-depth coverage of pension compliance and design issues. From complex plan qualification problems to new developments in employee benefits to the latest legislative news, the Journal targets the full range of critical pensi more... Add to cart   |  Price: $369.00  |  PIN: SS01482181  |  Format: Paperback  Imprint: Aspen Publishers  Quick Reference to IRAs, 2010 Edition Gary S. Lesser, Michelle L. Ward 2010 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. 2010 Quick Reference to IRAs completely covers the planning, pr more... Add to cart   |  Price: $285.00  |  ISBN: 9780735582200  |  Format: Paperback  Imprint: Aspen Publishers