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About Tax Map

Publication 590
Individual Retirement Arrangements (IRAs)
Introduction, Useful Items and Important Changes
For use in Preparing 2008 Returns

Chapter 1
Traditional IRAs

What Is a Traditional IRA?

Who Can Set Up a Traditional IRA?

What Is Compensation?

When Can a Traditional IRA Be Set Up?

How Can a Traditional IRA Be Set Up?

Individual Retirement Account
Individual Retirement Annuity
Individual Retirement Bonds
Simplified Employee Pension (SEP)
Employer and Employee Association Trust Accounts
Required Disclosures

How Much Can Be Contributed?

General Limit
Spousal IRA Limit
Filing Status
Less Than Maximum Contributions
More Than Maximum Contributions

When Can Contributions Be Made?

How Much Can You Deduct?

Are You Covered by an Employer Plan?
Limit if Covered by Employer Plan
Reporting Deductible Contributions
Nondeductible Contributions
Examples — Worksheet for Reduced IRA Deduction for 2008

What if You Inherit an IRA?

Can You Move Retirement Plan Assets?

Trustee-to-Trustee Transfer
Rollovers
Transfers Incident To Divorce
Converting From Any Traditional IRA Into a Roth IRA
Recharacterizations

When Can You Withdraw or Use Assets?

Contributions Returned Before Due Date of Return

When Must You Withdraw Assets? (Required Minimum Distributions)

IRA Owners
IRA Beneficiaries
Which Table Do You Use To Determine Your Required Minimum Distribution?
What Age(s) Do You Use With the Table(s)?
Miscellaneous Rules for Required Minimum Distributions

Are Distributions Taxable?

Distributions Fully or Partly Taxable
Figuring the Nontaxable and Taxable Amounts
Recognizing Losses on Traditional IRA Investments
Other Special IRA Distribution Situations
Reporting and Withholding Requirements for Taxable Amounts

What Acts Result in Penalties or Additional Taxes?

Prohibited Transactions
Investment in Collectibles
Excess Contributions
Early Distributions
Excess Accumulations (Insufficient Distributions)
Reporting Additional Taxes

Chapter 2
Roth IRAs

What Is a Roth IRA?

When Can a Roth IRA Be Set Up?

Can You Contribute to a Roth IRA?

How Much Can Be Contributed?
When Can You Make Contributions?
What if You Contribute Too Much?

Can You Move Amounts Into a Roth IRA?

Conversions
Rollover From Employer's Plan Into a Roth IRA
Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments
Failed Conversions and Rollovers
Rollover From a Roth IRA
Rollover of Exxon Valdez Settlement Income
Rollover of Airline Payments

Are Distributions Taxable?

What Are Qualified Distributions?
Additional Tax on Early Distributions
Ordering Rules for Distributions
How Do You Figure the Taxable Part?

Must You Withdraw or Use Assets?

Recognizing Losses on Investments
Distributions After Owner's Death

Chapter 3
Savings Incentive Match Plans for Employees (SIMPLE)

What Is a SIMPLE Plan?

Eligible Employees

How Are Contributions Made?

How Much Can Be Contributed on Your Behalf?

When Can You Withdraw or Use Assets?

Are Distributions Taxable?

Chapter 4
Disaster-Related Relief

Hurricane-Related Relief

Qualified Hurricane Distributions
Repayment of Qualified Hurricane Distributions
Amending Your Return

Tax Relief for the Kansas Disaster Area

Introduction
Qualified Recovery Assistance Distributions
Taxation of Qualified Recovery Assistance Distributions
Repayment of Qualified Recovery Assistance Distributions

Tax Relief for the Midwestern Disaster Areas

Introduction
Qualified Disaster Recovery Assistance Distributions
Taxation of Qualified Disaster Recovery Assistance Distributions
Repayment of Qualified Disaster Recovery Assistance Distributions
Repayment of Qualified Distributions for the Purchase or Construction of a Main Home
Loans From Qualified Plans

Chapter 5
Retirement Savings Contributions Credit (Saver's Credit)

Chapter 6
How To Get Tax Help

Appendices