Detail New Rules for IRA Distributions   Oleh:  Monippallil, Matthew Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 192 no. 6 (Dec. 2001), page 59-64. Topik: distribution; new rules; IRA distributions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Americans work most of their lives to accumulate money in qualified plans and IRAs to fund their retirement. Until recently, saving was only half the battle these taxpayers faced. Their other concern was the complex and generally inflexible distribution rules the IRS introduced in 1987. In response to complaints from taxpayers and their CPAs, as well as some prodding from Congress, on January 11, 2001, the Treasury Department proposed new regulations to replace them. The agency completely overhauled the prior provisions ; the new rules should end years of tax payer confusion and frustration. The proposed regulations incorporate major changes in four key areas : - The role of the required beginning date. - Beneficiary designations. - Treatment of lifetime distributions. - Treatment of postmortem distributions. IRA owners are allowed, but not required, to follow the new regulations for 2001. Qualified plan participants may not, however, take advantage of the new rules until their employers first amend the plans. The IRS has announced its intention to make the proposed regulations final effective January 1, 2002. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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