Table of Contents

• Publication 590 - Introductory Material
  • What's New for 2011
  • What's New for 2012
  • Reminders
  • Introduction
    • Ordering forms and publications.
    • Tax questions.
  • Useful Items - You may want to see:
• 1.   Traditional IRAs
  • What's New for 2011
  • What's New for 2012
  • Introduction
  • Who Can Open a Traditional IRA?
    • What Is Compensation?
  • When Can a Traditional IRA Be Opened?
  • How Can a Traditional IRA Be Opened?
    • 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?
    • Limit.
    • When repayment contributions can be made.
    • No deduction.
    • Reserve component.
    • Figuring your IRA deduction.
    • Reporting the repayment.
    • Example.
    • 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?
    • Spousal IRA.
    • 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 2011
  • What if You Inherit an IRA?
    • Treating it as your own.
  • Can You Move Retirement Plan Assets?
    • Transfers to Roth IRAs from other retirement plans.
    • 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?
    • January 2011 QCDs treated as made in 2010.
    • 2011 Reporting.
    • Additional reporting requirements if you made the election to treat a January 2011 QCD as made in 2010.
    • One-time transfer.
    • Testing period rules apply.
    • More information.
    • 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
• 2.   Roth IRAs
  • What's New for 2011
  • What's New for 2012
  • Reminder
  • Introduction
  • What Is a Roth IRA?
  • When Can a Roth IRA Be Opened?
  • 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
    • 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?
    • Minimum distributions.
    • Recognizing Losses on Investments
    • Distributions After Owner's Death
• 3.   Savings Incentive Match Plans for Employees (SIMPLE)
  • Introduction
  • What Is a SIMPLE Plan?
    • Eligible Employees
  • How Are Contributions Made?
  • How Much Can Be Contributed on Your Behalf?
    • Matching contributions less than 3%.
    • Traditional IRA mistakenly moved to SIMPLE IRA.
  • When Can You Withdraw or Use Assets?
    • Are Distributions Taxable?
• 4.   Disaster-Related Relief
  • Tax Relief for Kansas Disaster Area
    • Qualified Recovery Assistance Distribution
  • Tax Relief for Midwestern Disaster Areas
    • Qualified Disaster Recovery Assistance Distribution
    • Repayment of Qualified Disaster Recovery Assistance Distributions
    • Amending Your Return
• 5.   Retirement Savings Contributions Credit (Saver's Credit)
  • What's New
  • Introduction
  • Full-time student.
  • Adjusted gross income.
  • Distributions received by spouse.
  • Testing period.
• 6.   How To Get Tax Help
  • Low Income Taxpayer Clinics (LITCs).
• Publication 590 - Additional Material
  • Appendices
• Index