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A Practical Guide
New 4th edition with all of the updates needed to reflect the issuance of Revenue Ruling 2002-62 in October, 2002 as well as all Private Letter Rulings issued subsequently.
This text is a must read for anyone under age 60 who is contemplating early
retirement and has substantial 401(k) or IRA assets. This text will teach the
reader everything they need to know about avoiding the 10% surtax on early
withdrawals as defined in IRC 72(t). All computational methods are covered and
how to plan and properly execute substantially equal periodic payments. This is
the definitive text on IRS 72(t) including more than 190 footnotes citing all
of the relevant legal authorities.
Taxpayers, financial advisors, tax accountants & lawyers need this text on
their bookshelf.
Review the Table of Contents and the first seven pages.
Chapter 1 covers all of the legal sources governing the
computation and execution of substantially equal periodic payments, SEPPs as
well as a detailed review of all twelve exceptions to the surtax.
Chapter 2 covers common concepts applicable to SEPPs
including: types of income, age windows, reversibility & errors and
penalties.
Chapter 3 is exclusively devoted to special ROTH taxation
issues, ROTH withdrawal sequencing and how to implement the Net Unrealized
Appreciation rules.
Chapter 4 takes an in-depth look at the three IRS approved
methods: the minimum, amortization and annuitization methods as well as
interest rate selection and portfolio withdrawal rates.
Chapter 5 is devoted to the new concepts of how to avoid the
10% surtax when IRA assets are exhausted or taxpayers wish to make a
permissable method change.
Chapter 6 is a tactics chapter covering detail planning issues
such as: account fracturing, launching multiple SEPP programs, annually
recalculated SEPP plans, COLAs, death, divorce, improper transactions, planning
for flexibility and a special section on tax planning for the wealthy.
Chapter 7 proposes a SEPP risk assessment profile and how to
determine when a taxpayer should go it alone, seek professional guidance or
potentially obtain a private letter ruling from the IRS.
Chapter 8 is devoted to administrative issues such as: record
keeping, trustee communications and proper tax reporting.
Date Published: November, 2004, Length - 152 pages
Order the version that's right for you.
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