Publication 590

A form published by the IRS explaining the tax treatment of various types of IRA.

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References in periodicals archive ?

More detailed information on an IRA investment in permitted and prohibited precious metals "collectibles" is contained in IRS Publication 590, Individual Retirement Arrangements (IRAs).

The Taxation of Precious Metals and Collectibles

408(m) (3) and IRS Publication 590 provide a list of acceptable investments that are not treated as prohibited collectibles.

Self-directed IRAs: opportunities and pitfalls you should know

7022-11, January 28, 2014).Before then, the published tax rules (in IRS Publication 590) allowed the once-per-year rule to be applied separately to each IRA.

Tax and penalty trap: IRS clamps down on 60-day IRA rollovers

In March, the IRS announced it would follow the Bobrow decision but, acknowledging its contrary guidance in Publication 590, Individual Retirement Arrangements (IRAs), and never-finalized 1981 proposed regulations, said it would delay application of the aggregate limitation until 2015 (see prior Tax Matters coverage: "Rollover Contribution to Second IRA Disallowed," May 2014, page 61, and "Multiple IRA Rollover Case Settled," July 2014, page 84).

IRS fills in details of one-a-year IRA rollover rule: under transition relief, the Bobrow aggregation rule disregards certain distributions occurring in 2014

* To see the IRS explanation of IRA recharacterizations, see Publication 590, Individual Retirement Arrangements (IRAs), p.

Citation and resource guide

In IRS Publication 590, and in private letter rulings, Slott said that the "IRS has said that you can do one rollover per year, per account.

Stop IRA rollovers 'immediately,' expert warns after tax ruling

See also IRS Publication 590. Technically, the trustee of the plans must be notified.

Roth IRA recharacterizations: it's 2011--now what?

They now have the right to spread the inherited IRA distributions over their individual life expectancies, according to Appendix C, Table 1 of IRS Publication 590. This means they are no longer forced into rapid distribution, causing rapid taxation.

Change creates opportunity: want to get your piece of the exploding IRA market? Learn how cash-strapped workers and retirees can stabilize their heavily impacted 401(k) savings with IRA rollovers and migration into safer money vehicles

In Publication 590 (Individual Retirement Arrangements (IRAs)), the Internal Revenue Service defines a traditional IRA as "any IRA that is not a Roth IRA or a SIMPLE IRA" (i.e., the term is used to distinguish the original IRA from the Roth IRA and the SIMPLE IRA).

Traditional IRA

The uniform lifetime table ("table")can be found in Appendix C of IRS Publication 590, "Individual Retirement Arrangements" (http://www.irs.gov/pub/irs-pdf/p590.pdf).

Waiver of minimum required distributions for 2009 and other developments; a new law lessens the impact of the market downturn on retirement accounts

In addition, according to Publication 590, if Dan fails to convert before the year he turns 70 1/2, he is required to take his initial RMD during that year and loses out on the potential tax-free growth of the portion he was forced to withdraw.

The Roth IRA conversion--giving away the farm: there has never been a better time to look at utilizing the Roth IRA

If the spouse is not the beneficiary or upon the spouse's death (if the spouse is the beneficiary), subsequent beneficiaries would be required to take minimum distributions based on life expectancy using Table I (Single Life Expectancy) found in Appendix C of IRS Publication 590, Individual Retirement Arrangements (IRAs).