IRAs (Portfolio 367)
This Portfolio contains a comprehensive examination of the tax and non-tax rules governing IRAs and the use of their tax-favored status in retirement planning.
Bloomberg Tax Portfolio, U.S.-to-Foreign Transfers Under Section 367, contains a comprehensive examination of the tax and non-tax rules governing IRAs, and the use of their tax-favored status in retirement planning.
This Portfolio features practical advice along with a detailed discussion of the required provisions and federal income taxation of individual retirement annuities and traditional individual retirement accounts created under §408, and Roth IRAs created under §408A. Both individual retirement accounts and individual retirement annuities are referred to herein as IRAs.
The analysis covers the rules governing IRA contributions, fees, distributions, rollovers and prohibited transactions between IRAs and disqualified persons. Also discussed in detail are investment restrictions, and the withholding, reporting and disclosure rules. Finally, this portfolio explains state taxation, as well as ERISA, bankruptcy and other federal law considerations.
Table of Contents
I. Types of IRAs
II. Required Provisions
III. Federal Income Tax Aspects of IRAs
IV. Prohibited Transactions
V. Investment Restrictions on IRAs
VI. Obtaining IRS Approval of IRAs
VII. Withholding, Reporting and Disclosure Rules for IRAs
VIII. Other Tax Aspects of IRAs
IX. Non-Tax Rules for IRAs
X. Roth IRAs
Director, Center of Tax Law & Employee Benefits
John Marshall Law School