IRA Guide to IRS Compliance Issues [[electronic resource] ] : Including IRA Trust Violations

• Record Nr.: UNINA9910672248203321
• Autore: Goldberg Seymour
• Pubbl/distr/stampa: Lanham, : American Bar Association, 2014
• ISBN: 1-61438-852-0
• Descrizione fisica: 1 online resource (264 p.)
• Disciplina: 343.7305/233
• Soggetti: Individual retirement accounts -- Law and legislation -- United States; Individual retirement accounts -- Taxation -- Law and legislation -- United States; Tax auditing -- United States; United States. Internal Revenue Service; Individual retirement accounts - Taxation - Law and legislation - United States; Individual retirement accounts - Law and legislation - United States; Tax auditing - United States; Law - U.S; Law, Politics & Government; Public Finance Laws - U.S
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; Title; Copyright; About the Author; Introduction; Overview of the IRS Enforcement Program Involving IRA Issues; IRS Audits of Individual Retirement Accounts; IRS Form 5329; Statute of Limitations Involving IRA Penalties; Personal Liability of the Fiduciary for Debts to the U.S. Government; IRS Levy on IRA to Satisfy Federal Tax Debts; Early Distribution Penalty Violation; Waiver of Required Minimum Distribution Penalty; Examples Involving Required Minimum Distribution Penalties; Important IRA Distribution Tax Trap to Know About; Excess Contributions; Correction of Excess Contribution by Legal Representative of Estate of DeceasedViolations of the Rollover Rules by Non-Spouse Beneficiary When an Inherited IRA Is Involved; Estate Planning Letter Involving an ; IRA Owner of a Traditional IRA Who Died Survived by Multiple Non-Spouse Beneficiaries; Letter Ruling 200620025; IRAs Payable to Non-QTIP IRA Trusts; Disclosure Issues and IRA Trusts; IRA Trust Instructions; Loss of Creditor Rights Protection of Decedent's IRA in State Court; Use of Separate Irrevocable Spendthrift Trust as Beneficiary of an Inherited IRA for Asset Protection Purposes; Executive Summary: Asset Protection for Inherited IRAsAppendix A; Table I; Table II; Appendix B; IRA Trust Checklist; Letter Ruling 200809042; Letter Ruling 201128036; Revenue Ruling 2006-26; Sample IRA Designation of Beneficiary Form for Single IRA Trust; Sample IRA Designation of Beneficiary Form for Multiple IRA Trusts; Don't Be Blind-Sided by Default IRA Beneficiary Forms; Letter Ruling 199936052; Power of Attorney Issues
• Sommario/riassunto: This essential guide outlines many of the mistakes that are made by IRA account holders from an IRS compliance point of view, understanding that it is quite easy for a taxpayer who has an IRA or inherits an IRA to fall into a tax trap and violate the IRA rules. The IRA Guide to IRS Compliance Issues will help you be aware of the potential IRA violations that may be triggered and how to be proactive and not reactive when it comes to IRA issues.