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The 2017 Pension Answer Book
The 2017 Pension Answer Book
The 2017 Pension Answer Book covers the most recent legislative, regulatory, and case law developments so you're never without the information you need to detect compliance and regulatory issues - ensuring you make the right decisions and avoid potential problems.
The 2017 Pension Answer Book is a library unto itself, probing, explicating, and elucidating the most recent laws, regulations, private rulings, and court decisions that affect retirement plans. The advantages of owning this reference source are apparent after the very first consultation. Don't deny yourself and your clients this valuable research tool.
Exclusive Q & A Format!
The 2017 Pension Answer Book is not only comprehensive in scope, but remarkably accessible, too. Clear, jargon-free language and an efficient question-and-answer format combine to speed your research every time. No wonder it's found on the desks of professionals and academics alike.
Always Up-To-Date...Always Accurate!
Renowned pension expert Stephen J. Krass provides rigorous updates that regularly re-establish this remarkable volume as the definitive work of its kind. No matter what type of defined benefit, defined contribution or combo plan you’re working with, The 2017 Pension Answer Book will give you the up-to-date, reliable answers you need.
The 2017 Pension Answer Book has been fully updated to reflect the changes made by the Revenue Rulings, Revenue Procedures, Notices, Announcements, and Private Letter Rulings issued by IRS, Opinion Letters and Interpretive Bulletins issued by DOL, final and proposed regulations issued by both IRS and DOL, and important case decisions. Additionally, it includes updated guidance and discussions on:
- IRS further guidance on the application of the Windsor and Obergefell decisions
- New ruling on floor-offset arrangements
- Final regulations on hybrid defined benefit plans
- Self-employed individual's plan contribution deduction
- Updated covered compensation tables
- Suspension of benefits in a multiemployer plan in critical and declining status
- Administration proposals affecting required minimum distributions
- Administration proposal limiting aggregate retirement account accumulations
- And much more
- Types and Choices of Plans
- Highly Compensated Employees
- Requirements for Qualification
- Eligibility and Participation
- Benefit and Contribution Limitations
- Permitted Disparity
- Funding Requirements
- General Distribution Requirements
- Minimum Distribution Requirements
- Tax Deduction Rules
- Taxation of Distributions
- Participant Loans
- Life Insurance and Death Benefits
- 10 Percent Tax on Early Distributions
- Saver's Credit
- Determination Letters
- IRS and DOL Correction Programs
- Operating the Plan
- Reporting to Government Agencies
- Summary Plan Descriptions
- Fiduciary Responsibilities
- Prohibited Transactions
- Termination of the Plan
- Top-Heavy Plans
- 401(k) Plans
- Employee Stock Ownership Plans
- Multiemployer Plans
- Individual Retirement Plans
- Roth IRAs
- Simplified Employee Pensions
- Savings Incentive Match Plans for Employees
- Tax-Sheltered Annuities
- Qualified Domestic Relations Orders
STEPHEN J. KRASS, ESQ., is a member of the law firm of Krass, Snow & Schmutter, P.C. in New York City. Mr. Krass received his B.S. (Accounting) from The Ohio State University and LL.B. and LL.M. (Taxation) from New York University School of Law. Mr. Krass is a member of the American Bar Association Sections on Taxation and Real Property, Trust and Estate Law and the New York State Bar Association Section on Trusts and Estates and is a Charter Fellow of The American College of Employee Benefits Counsel. He has served as President of the Estate Planning Council of New York City and has also been a member of its Board of Directors. Mr. Krass is a member of the Advisory Boards of the N.Y.U. Institute on Federal Taxation and CCH Financial and Estate Planning Reporter and has served as a member of the Planned Giving Committee of Yeshiva University, The Ohio State University Foundation Planned Giving Committee, and the East Coast Major Gifts Committee of The Ohio State University. Mr. Krass has been a panelist on many programs, including New York State Bar Association, AICPA, New York State Society of CPAs, Practising Law Institute, AALU, Association of the Bar of the City of New York, and New York County Lawyers’ Association programs. He has spoken at the N.Y.U. Institute on Federal Taxation; The Ohio State University College of Law; Fordham Law School; New York Law School; Baruch College; Columbus (Ohio) Tax Conference; Purdue University Insurance Marketing Institute; UJA-Federation Annual Tax, Estate and Financial Planning Conference; The American College-CCH National Conference on Financial Planning; Institute of Certified Financial Planners Annual Conference; International Association for Financial Planning; American Academy of Matrimonial Lawyers; Hofstra University-Center for Business Studies; C.W. Post Tax Institute; and Iona College Tax Institute. Mr. Krass has been an instructor in the Long Island University Paralegal Program. He has contributed articles to The Journal of Taxation of Estates and Trusts; Estate Planning; Taxes—The Tax Magazine; Journal of the Institute of Certified Financial Planners; The Pension Actuary; The Practical Accountant; CLU Journal; CCH Financial and Estate Planning Reporter; The Journal of Financial Planning; Journal of Pension Planning & Compliance; Taxation for Accountants; and Taxation for Lawyers. Mr. Krass has been a frequent lecturer on estate and retirement planning.