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Retirement Distribution Practice Aids with Distributions Calculator [Download]

Author: Seymour Goldberg, CPA, JD
Publisher: AICPA
Availability: Online Access
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Description

Retirement Distribution Practice Aids is a collection of letters, forms, checklists in and related guidance in Word® – to help you in advising clients of their rights, choices, and obligations in the retirement distributions area.

In addition to the Wordฎ practice aids; this edition includes Brentmark's Minimum Distributions Calculator Version 7. This calculator calculates required minimum distributions under the 2002 final regulations (as well as the 2001 proposed regulations and the pre-2001 rules) from qualified plans, IRAs and Roth IRAs.

The minimum distributions calculations handle both single and joint life expectancies cases as well as spousal and non-spousal beneficiaries. Users may also enter additional plan contributions and an expected plan growth percentage to show continued plan growth.

The practice aids deal with real-life client issues and questions, including:

  • If an IRA owner or plan participant dies before taking his/her entire required minimum distribution for the year of death, what action must be taken and by whom?
  • If there are multiple beneficiaries of an IRA, how does the separate share rule work?
  • If a beneficiary dies during a term-certain payout period, what options are available to a successor beneficiary?
  • If a trust is the beneficiary of an IRA, by what date must the IRS trust documentation requirements be satisfied, and with whom?

    • Retirement Distribution Practice Aids with Distributions Calculator includes a discussion of the need and use for each practice aid. You'll find aids on:

    • Designation of Beneficiary – including sample forms
    • Income in Respect of a Decedent (IRD) – including points and practitioner tips
    • Integrating Retirement Assets in an Estate Plan – including sample letters
    • Power of Attorney – includes suggested provisions
    • Separate Share Rule – including practice pointers and a sample letters
    • IRA Distribution Rules – includes sample letter
    • Advising Heirs of RMD Payout Period Letter – includes sample letter
    • Trust as Beneficiary of IRA – includes sample letters and practical issues
    • Spousal Rollover Letter – includes a sample letter
    • Spousal Rollover and Spousal Direct Transfers – includes practice pointers
    • Early Distribution Penalty – includes practice pointers
    • IRS Form 5498 – includes helpful information and tips
    • An appendix on Circular 230 Considerations – includes sample language, a list of additional informational resources and more!

    Note: This product is an electronic download file that will be accessible immediately after completing your purchase (click on My Account/My Downloads). Access to this file expires 90 days from purchase date. The file you will be accessing will give you the Minimum Distributions Calculator and AICPA Practice Aids (Word® file).

    Please note this product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at service@aicpa.org or call 888-777-7077.

    Table of Contents

    Excerpts

    Subscription Info

    Publication On-Demand 2006
    Product# 017250DOC
    Availability:Online Access
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