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February 19, 2009


Your Guide



Amount paid from a retirement plan as a reportable transaction. A distribution can  be processed as a direct rollover  or paid to the participant.

Referring Cite

IRC § 401(a)(9) for RMDs, IRC § 72(t) for early distribution penalties,  IRS Publication 590 for IRAs, IRS Publication 575 for qualified plans, Treas. Reg. 1.401-1(b)(1)(ii)) for triggering events

Additional Helpful Information

  • A distribution that is not rolled over within 60-days must be included in the distributee’s (participant , beneficiary or alternate payee )  income for the year.

Keep Learning

Domestic abuse distribution

A domestic abuse distribution is one that is made to domestic abuse victim, during the 1-year period beginning on any date on which the individual

Eligible retirement plan

The term “eligible retirement plan”, means a retirement plan to which a rollover contribution can be made. These are: (i)an individual retirement account described in

Qualified See-Through Trust beneficiary

Definition A qualified trust beneficiary is a trust that satisfies the requirements so as to be treated as a designated beneficiary.   For retirement accounts inherited

Saver’s Credit

Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit

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IRA Rules