2010 Quick Reference to IRAs provides attorneys, accountants, financial planners, and consultants - along with their clients - with the essential facts and advice regarding the planning, implementation, and administration of IRAs. 2010 Quick Reference to IRAs completely covers the planning, programming, implementation, and administration of individual retirement accounts. This unique resource delivers:ast answers to all your IRA questions Numerous, practical examples illustrating real-world applications Crucial caveats to help you steer clear of common problems Immediate access to essential IRA information The 2010 Edition brings the practitioner up to date on the latest developments and adds significant new and revised materials on a number of critical topics, including: A completely revised and restructured Chapter 2 on Roth IRAs. In addition, the ordering rules that determine whether gain is being distributed from the account or whether the tax on an amount converted to a Roth IRA in 2010 (generally taxed in 2011 and 2012) has to be accelerated, have been rewritten. A new chapter has been added on Disaster-Related Relief for victims of hurricanes, tornadoes, storms, flooding, and other disasters, including disaster, terror or military actions declared by the President The chapter on IRS and DOL Reporting, Filing, and Withholding (Chapter 10) has been rewritten in its entirety Chapter 11 on Plan Correction Programs has been substantially revised and includes expanded coverage of the relief provided by the Internal Revenue Service under Revenue Procedure 2008-50 and the Department of Labor with respect to the correction of plans failure and fiduciary delinquencies issues under the Employee Plans Compliance Resolution System (EPCRS), DOL Voluntary Fiduciary Correction Program (VFCP), and DOL Delinquent Filer Voluntary Compliance Program (DFVC) A new chapter has been added that consolidates coverage of Prohibited Transactions (Chapter 12) and related investment advice rules, regulations, and exemptions How the waiver of the application of the required minimum distributions (RMD) rules for 2009 affects IRA and Roth IRA owners and their beneficiaries in subsequent years When an amount distributed in 2009 (that is not a RMD for 2008), can be rolled over into another plan How removal of the $100,000 AGI limit for conversions from an eligible retirement plan beginning in 2010, effectively eliminates the income limit for contributing to a Roth IRA The decision to do a Roth IRA conversion or leave assets in some other eligible plan is examined from a tax, non-tax, and a financial planning prospective How 60-day rollovers and direct transfers are treated, including the treatment of a designated Roth account under an employer's plan transferred to a Roth IRA How excess contributions made to IRAs, Roth-IRAs, DRAs, SEP-IRAs and SIMPLE-IRAs are reported and the procedures for correcting such excesses Complete discussion of the integration and participant exclusion rules that permit larger contributions to be made for employees earning above a specified amount, but that also require that the $49,000 (for 2009) allocation limit be reduced Coverage of the provisions of the Heroes Earnings Assistance and Relief Tax Act of 2008 that allow military death gratuity payments and/or Servicemembers' Group Life Insurance (SGLI) payments to be rolled over to a Roth IRA Misclassification of employees as independent contractors and having an individual's status determined by the IRS The circumstances that allow the life expectancy of each beneficiary to be used ( "separate share treatment "), rather than the life expectancy of the oldest beneficiary, under.