Pub. date: 12/17/10
What’s in this Special Report?
This 101-page Special Report contains information about certain “tax deals” for retirement benefits that are either temporary (in the case of qualified charitable distributions, 2006–2011) or applicable to only a few “grandfathered” individuals (“special averaging” for lump sum distributions of benefits of certain participants born before 1936; the estate tax exclusion for benefits of certain decedents who retired before1985; TEFRA 242(b) elections; and pre-1987 403(b) plan benefits).
The report also contains details on how minimum required distributions were computed under the IRS’s proposed minimum distribution regulations issued in 1987 and 2001. You may need to read one or both of these sections if need to compute your client’s minimum required distributions for a pre-2003 year.
Finally, the Report covers the eligibility rules that applied to Roth IRA conversions for years prior to 2010 and the special “income averaging” that applied to Roth conversions in 1998.
The material on qualified charitable distributions is current, and has been brought up to date for the 2010 Tax Relief Act (December 2010).
The rest of this Special Report is drawn from old seminar materials and prior out-of-print editions of Natalie Choate’s book Life and Death Planning for Retirement Benefits; it has not been further edited since it was originally written.
Who needs to download this report?
This Special Report is a supplement to the author’s book Life and Death Planning for Retirement Benefits (7th ed. 2011). The book has 624 pages covering today’s rules for retirement benefits; there was not room in the book another 100 pages on obscure grandfather rules and expired tax deals that affect only past years. Sections of the book refer you to this Special Report when appropriate. Thus, you need to download this report only if you have a client who is affected by one of the grandfather rules or obsolete minimum distribution or tax rules discussed in the Report, and the book has indicated that the material you need is contained in this Special Report.