QIR Table of Contents

Transcription

1 QIR Table of Contents Tab 1: Traditional IRAs What Is a Traditional IRA? Setting Up an IRA Contribution Limit When Can Contributions Be Made? Deducting IRA Contributions Nondeductible Contributions IRA Transfers Related To Divorce Inherited IRAs Payroll Deduction IRAs Deemed IRAs Tax Credit for IRA Contributions Prohibited Transactions Deducting Losses on IRA Investments Modified AGI IRA Deduction Worksheet Worksheet for Computing Income Attributable to an IRA Contribution Deduction for Traditional IRA Contributions Worksheet (2015) Computation of Modified AGI for Social Security Recipients Worksheet Traditional IRA Deduction Worksheet for Social Security Recipients (2015) Computation of Taxable Social Security Benefits Worksheet Summary Record of Traditional IRAs Tab 2: Roth IRAs What Is a Roth IRA? Contributing to a Roth IRA Converting IRAs to Roth IRAs Recharacterizing IRA Contributions and Conversions Reporting a Recharacterization Rollovers From an Employer Plan to a Roth IRA Rollovers From a Roth IRA Special Rollover Situations Roth IRA Distributions Required Minimum Distribution Rules for Roth IRAs Recognizing Losses on Investments myra Retirement Savings Accounts Modified AGI for Roth IRA Contributions Worksheet Reduced Roth IRA Contribution Worksheet (2015) Net Income Due to an IRA Contribution and Amount to Be Recharacterized Worksheet Sample Trustee Notification to Recharacterize an IRA Contribution What Is a SIMPLE IRA Plan? Who Can Set Up a SIMPLE IRA Plan? Tab 3: SIMPLE IRA Plans

2 Who Can Participate in a SIMPLE IRA Plan? Establishing a SIMPLE IRA Plan Participating in a SIMPLE IRA Plan Contributions to a SIMPLE IRA Plan Tax Treatment of Contributions Communicating With Employees Reporting Requirements Correcting Plan Errors Distributions (Withdrawals) From SIMPLE IRAs Terminating a SIMPLE IRA Plan SIMPLE 401(k) Plan Tax Credit for Plan Startup Costs SIMPLE IRA Plan Checklist (2015) Tab 4: SEP Plans What Is a SEP Plan? Setting Up a SEP Plan Formal Written Agreement Covered Employees SEP Plan Contributions Employer Responsibilities Salary Reduction SEP (SARSEP) Distributions From SEPs Terminating the SEP SEP Checklist (2015) Deduction Worksheet for Self-Employed (2015) Contribution Rate Worksheet for Self-Employed SARSEP Deferral Percentage Limitation Worksheet SARSEP Checklist (2015) What Is a 401(k) Plan? Setting Up a 401(k) Plan Employees Who Must Be Covered 401(k) Plan Contributions Contribution Limit for Self-Employed Taxpayers One-Person 401(k) Plans Safe-Harbor 401(k) Plans Automatic Enrollment 401(k) Plans Nondiscrimination Rules Corrective Distributions Participant Loans Employer Responsibilities Terminating a 401(k) Plan 403(b) Plans Designated Roth Accounts 401(k)/403(b) Plan Comparison Table (2015) 401(k) Plan Checklist (2015) Sample 401(k) Automatic Enrollment Notice Tab 5: 401(k) and 403(b) Plans

3 Actual Deferral Percentage (ADP) Testing Worksheet Actual Contribution Percentage (ACP) Testing Worksheet Qualified Plans Qualification Rules Establishing a Qualified Plan Profit-Sharing Plans Money Purchase Pension Plans Age-Weighted Profit-Sharing Plans Permitted Disparity Profit-Sharing Plans Stock Bonus Plans Employee Stock Ownership Plans (ESOPs) Defined Benefit Plans Cash Balance Plans Target Benefit Plans 412(i) Plans Pension Benefit Guaranty Corporation (PBGC) Section 457 Plans Vesting Requirements Prohibited Transactions Reporting Requirements Employer Retirement Plans Key Terms Tab 6: Other Qualified Plans IRA Distributions Qualified Plan Distributions How Qualified Plan Distributions Are Taxed Qualified Plan Distributions Reporting and Withholding Required Minimum Distributions Hardship Distributions From 401(k) Plans Tax on Early Distributions Tax on Excess Accumulations Lump-Sum Distributions Dividing Retirement Accounts in Divorce Understanding Form 1099-R Qualified HSA Funding Distribution Joint Life and Last Survivor Expectancy Table IRS Sample Language for Inclusion in QDROs Tab 7: Distributions Rollovers Overview Time Limit for Making a Rollover Waivers to Time Limit Rollovers From IRAs Waiting Period Between IRA Rollovers Rollovers From SIMPLE IRAs Trustee-to-Trustee Transfers Between IRAs Tab 8: Rollovers

4 Rollovers From Qualified Plans Rollovers From Designated Roth Accounts In-Plan Roth Rollovers Tax Withholding Requirements Consequences of Failed Rollovers Options for a Surviving Spouse Options for Nonspouse Beneficiaries Appreciated Employer Securities From Qualified Plans Special Rollover Situations Choosing a Beneficiary Post-Mortem Planning Opportunities Contingent Beneficiary Spouse as the Beneficiary Special Spousal Rules for Certain Qualified Plans Nonspouse Beneficiary Trust as Beneficiary Estate as Beneficiary Charity as Beneficiary Multiple Beneficiaries Changing the Beneficiary Tab 9: Beneficiaries Tab 10: Choosing a Small Business Plan Comparing Plan Options Selecting a Plan Plans That Meet Common Employer Goals Key Features of Employer-Sponsored Retirement Plans (2015) Self-Employed Individuals Maximum Plan Contributions at Various Levels of Earnings (2015) Special Considerations for the Self-Employed Flowchart for Plan Selection Quick Facts Tax Data Sheet IRAs and Retirement Plans Client Handout Small Business Retirement Plans Plan Disqualification Employee Plans Compliance Resolution System (EPCRS) Self-Correction Program (SCP) Voluntary Correction Program (VCP) Audit Closing Agreement Program (Audit CAP) Revenue Procedure SEP Plan Errors SARSEP Plan Errors SIMPLE IRA Plan Errors 401(k) Plan Errors Delinquent Filer Voluntary Compliance Program (DFVCP) Form 5500-EZ Delinquent Filer Program Voluntary Fiduciary Correction Program (VFCP) Tab 11: Correcting Plan Errors

5 VCP Submission Procedures SEP Plan Fix-It Guide SARSEP Plan Fix-It Guide SIMPLE IRA Plan Fix-It Guide 401(k) Plan Fix-It Guide Operational Failures and Correction Methods Tab 12: IRS Materials IRA and Retirement Plan IRS Forms and Publications Form 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Form 1099-R Instructions for Recipient Form 5304-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) Not for Use With a Designated Financial Institution Form 5305 Traditional Individual Retirement Trust Account Form 5305-A Traditional Individual Retirement Custodial Account Form 5305-R Roth Individual Retirement Trust Account Form 5305-RA Roth Individual Retirement Custodial Account Form 5305-RB Roth Individual Retirement Annuity Endorsement Form 5305-S SIMPLE Individual Retirement Trust Account Form 5305-SA SIMPLE Individual Retirement Custodial Account Form 5305-SEP Simplified Employee Pension Individual Retirement Accounts Contribution Agreement Form 5305-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) for Use With a Designated Financial Institution Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Instructions for Form 5329 Form 5498 IRA Contribution Information Form 5498 Instructions for Participant Form 5500 Annual Return/Report of Employee Benefit Plan Form 5500-EZ Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan Form 8606 Nondeductible IRAs Instructions for Form 8606 Form 8880 Credit for Qualified Retirement Savings Contributions Form 8881 Credit for Small Employer Pension Plan Startup Costs Form 8950 Application for Voluntary Collection Program (VCP) Instructions for Form 8950 Form 8951 Compliance Fee for Application for Voluntary Correction Program (VCP) Topical Index Index