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Private letter ruling 201144040 (November 4, 2011)
- Proskauer Rose LLP
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- USA
- -
- January 9 2012
In PLR 201144040, the IRS waived the 60-day deadline for a rollover where the plan administrator gave the participant incorrect tax information
Recharacterizing Roth IRA conversions
- Proskauer Rose LLP
- -
- USA
- -
- December 15 2011
Beginning in 2010, many of our clients became eligible for the first time to convert their traditional individual retirement accounts or other qualified retirement plans ("Traditional IRAs") to Roth individual retirement accounts ("Roth IRAs") as a result of changes enacted under the Tax Increase Prevention and Reconciliation Act of 2005 ("TIPRA"
Year-end planning strategies
- Proskauer Rose LLP
- -
- USA
- -
- December 15 2011
We have experienced yet another year of financial instability, both here and across the shores, which continues to engender some degree of anxiety among our clients
Last call for lifetime gifts to charities from individual retirement accounts?
- Proskauer Rose LLP
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- USA
- -
- December 15 2011
As we reported in earlier issues of Personal Planning Strategies, the Pension Protection Act of 2006 included a provision that permits a person aged 70 or older to direct distributions of up to $100,000 per year directly from an Individual Retirement Plan ("IRA") to charity
Insurance policy in pension plan will be treated as ordinary life insurance contract and death benefits considered incidental if less than 50 of the participant’s total contributions to the plan are applied to pay premiums on the life insurance contract
- Proskauer Rose LLP
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- USA
- -
- December 6 2010
In Private Letter Ruling 201043048 (10292010), IRS ruled that an insurance policy in a pension plan will be treated as an ordinary life insurance contract and the death benefits will be considered incidental, as less than 50 of the participants' total contributions to the plan were applied to pay premiums on the life insurance contract
Using charitable giving techniques to offset income tax from Roth IRA conversions
- Proskauer Rose LLP
- -
- USA
- -
- October 15 2010
In our June 2009 issue of Personal Planning Strategies, we explained that, beginning in 2010, all taxpayers, regardless of their income levels, will be eligible to take advantage of the opportunity to convert some or all of their traditional individual retirement accounts or other qualified retirement plans ("IRAs") to one or more Roth IRAs
PLR 201011036 (Dec. 14, 2009)
- Proskauer Rose LLP
- -
- USA
- -
- June 7 2010
In this Private Letter Ruling request, the IRS held that the 10 early distribution penalty would not apply to taxpayer's withdrawals from his IRA because of taxpayer's disability
The Ninth Circuit holds that an IRA's named beneficiaries, rather than the decedent’s wife, were entitled to the IRA funds after his death, even though some of the funds in the IRA had been rolled over from a 401(k) plan
- Proskauer Rose LLP
- -
- USA
- -
- March 10 2010
The Ninth Circuit held that the named beneficiaries of an IRA, rather than the IRA owner's wife, were entitled to the IRA funds after his death, even though some of the funds in the IRA had been rolled over from a 401(k) plan subject to ERISA's surviving spouse provisions
Current Search
- Jurisdiction - USA
- Author - David Pratt
- Author - George D Karibjanian
- Author - Albert W Gortz
- Workarea - Employee Benefits & Pensions