- The book was updated for the changes made by the Small Business and Work Opportunity Tax Act of 2007, the Tax Relief and Health Care Act of 2006, and the Tax Increase Prevention and Reconciliation Act of 2006.
- Section 2.04[B] discusses the new procedures for making a direct deposit of tax refunds into an IRA.
- Sections 2.05[C], 10.12, 15.05[E] discuss the rules applicable in 2008 for eligibility for the Savers Credit.
- Section 4.05[A] discusses the rollover contribution rules for Roth accounts under an employer plan and rollover contributions to a prototype Roth IRA.
- Section 6.03[D][3] discusses the numerous rulings issued by the IRS in 2007 on when extensions of time will be granted to make rollover contributions.
- Section 6.03[E] discusses the requirements for making a rollover to a health flexible spending account, health reimbursement account, or health savings account.
- Section 6.03[J][4] was added regarding the itemization of eligible rollover property.
- Section 6.10[B][2][h] was added regarding the new laws giving nonspouse beneficiaries the ability to roll over distributions from a qualified employer plan into an inherited IRA on the death of the first spouse.
- Section 6.10[C][4] discusses the new procedures for automatic rollovers of mandatory distributions of more than $1,000 for distributions on termination of the plan.
- Section 8.07 was added regarding the new laws passed in 2006 on the requirements for an inherited IRA for nonspouse beneficiaries.
- Section 15.06[A] discusses the two most popular types of SIMPLE IRAs.
- Section 17.02[B] discusses the new Labor Department rulings on prohibited transactions.
- Section 17.04[P] discusses the proposed IRS regulations in 2007 on the prohibited transaction excise tax on the IRA and IRA managers.
- Section 20.02[D] updates to case law in 2007 on the exemption from attachment by creditors for an IRA in bankruptcy proceedings.
- Section 30.02 updates the case law and private letter rulings in 2007 on the exemptions from the premature distribution tax.
- Chapter 32 was updated regarding the new rules for 2008 on required minimum distributions from an IRA.
- Section 32.06[A] was added regarding contingent, successor and remainder beneficiaries, and the differences between each for purposes of the required minimum distribution rules.
- Section 35.03[C] was updated regarding the separate account rule for estate beneficiaries of an IRA.
- Section 35.04 includes the 2007 rulings on rollovers by a surviving spouse to an IRA in his or her own name.
- Section 37.02[C] was added regarding loans by a self-directed IRA to a charitable organization.
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