IRA
To determine if the taxpayer made or is eligible to make a qualified rollover or transfer to or from a traditional or Roth IRA. What ITLA Topic would you go to?
TRADITIONAL & ROTH ROLLOVERS AND TRANSFERS
Publication 575
What Income document are Social Security Benefits reported on?
SSA-1099
If a Taxpayer calls and says, "I Withdrew from my Retirement, Do I have to pay Additional tax on my Distribution" what topic would you go to.
Early Distributions
What Publication would you go to for Saving account Contribution
Pub. 970
What Publication allows money into a IRA
590-A
To determine if the taxpayer is liable for additional tax on excess contributions. Which ITLA Topic would you go to?
Excess Contribution Traditional and Roth
What Publication would you go to for Worksheet 1
Publication 915
what form would you use to report excess contribuition
form 5329
What Publication would you go to for Saving account Distribution
Pub. 970
To determine if the taxpayer is required to take a minimum distribution from an IRA, the amount of the distribution and by when the distribution must be made. What ITLA topic would you go to?
IRA - Required Minimum Distributions (Traditional IRA or Roth IRA)
All Excess Contributions are Taxable, True or False?
False
All Social Security Benefits are taxable true or false?
False
Are all rollovers taxable? True or False
False
To determine if the distribution from a Coverdell Education Savings Account is taxable, partially taxable or nontaxable. What Topic would you go to.
Coverdell Education Savings Account (Distributions)
For a 401k Employee Contribution limit should you Contact Plan Admin. True or False?
True
What Publication covers Early Distribution
Pub. 590-B
What form would you use to file a claim for refund and Request for an Abatement on excess Social Security & RRTA?
Form 843
You Must Report, Any or All 1099-R even if the Distribution is not taxable. True or False?
True
To determine if the taxpayer completed an eligible rollover or transfer of a Coverdell Education Savings Account. what Topic would you pick.
Coverdell Education Savings Account (Rollovers and Transfers)
What ITLA would you go through to determine if the taxpayer is eligible to convert to a Roth IRA.
IRA- Roth Conversions
Where can you find the Exceptions to Addtional Tax on Early Distrubutions?
form 5329 Instructions page 5
What Income document are Rail Road Retirement Benefits reported on?
RRB-1099
if a Taxpayer calls and says " I did not take my Required Minimum Distribution" What ITLA topic Would you go Through.
Excess Accumulations
What kind of plan does Coverdell have?
529 plan