Individual Retirement Account Answer Book, 14th Edition

Individual Retirement Account Answer Book is designed to provide quick, accurate, and timely information pertaining to traditional and Roth IRAs that concerns accountants, attorneys, financial planners, mutual fund brokers, and other pension professionals.

The Fourteenth Edition provides you with:
Accurate answers to virtually every IRA question;
Clear explanations of IRA reporting and disclosure requirements;
Strategies for tax, estate, and retirement planning;
Full guidelines for establishing traditional and Roth IRAs, SIMPLEs, SEPs, and ESAs;
Tax-cutting tips, examples, calculations, and worksheets;
State rules on taxation of traditional IRA and Roth IRA distributions;
Financial and estate planning strategies involving IRAs.

The Fourteenth Edition brings practitioners up to date on congressional and administrative agency actions affecting all IRAs and the Coverdell ESA, including:
IRS guidance on rollovers by nonspouse beneficiaries from qualified plans to "inherited" IRAs, including application of the life-expectancy rule for determining minimum distributions (Notice 2007-7, as subsequently clarified by the IRS in Employee Plan News);
Direct rollovers from qualified plans to Roth IRAs, permitted as of 2008 if conversion requirements are met;
Income exclusion and exemption from the early distribution penalty for an individual's onetime rollover of a qualified health savings account funding distribution;
ERISA Advisory Opinion 2006-09A, holding an IRA investment in notes of corporation having majority ownership related to the IRA owner to be a prohibited transaction;
And more!