book discusses the 15 different types of IRAs, including the four most recent types authorized by the tax laws: the Roth IRA, the education IRA, the SIMPLE IRA, and the deemed IRA. The second part discusses the various areas of tax law relating to the operation and administration of an IRA. There is a separate chapter on each area of the tax law. The third part of the book deals with taxation of distributions from an IRA, including premature distributions, minimum distributions during lifetime and after death, withholding taxes, and estate taxes. It also deals with the tax rules applicable to the different types of the beneficiaries receiving distributions from an IRA, including foreign beneficiaries, charitable beneficiaries, trust beneficiaries, estate beneficiaries, spouse and nonspouse beneficiaries, and individual and non-individual beneficiaries. 2009 HIGHLIGHTS * The book was updated for the changes made by the Small Business and Work Opportunity Tax Act of 2007, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Emergency Economic Stabilization Act of 2008, the Energy Improvement and Extension Act of 2008, and the Tax Extenders and AMT Relief Act of 2008. * The new contribution and deduction limits for 2009 for the 15 different types of IRAs were added to Chapter 1 through 16. * Section 4.05 was updated to include the rules on rollovers between IRAs and eligible retirement plans, and from eligible retirement plans and IRAs to a Roth IRA under the Heroes Earnings Assistance and Relief Tax Act of 2008. * Section 4.06 discusses the final IRS regulations issued in 2008 on conversions to a Roth IRA. * Section 6.03[E] discusses the final IRS guidance on IRA rollovers to health savings accounts. * Sections 6.03[J] and 30.02[P] discuss the new rules on rollovers by reservists as adopted by the * Heroes Earnings Assistance and Relief Tax Act of 2008. * Section 8.08 was added regarding required minimum distribution rules for inherited IRAs. * Section 8.09 was added regarding the new form of inherited IRA for missing participants and beneficiaries. * Section 17.06 was updated regarding the new proposed Labor Department regulations and class exemptions on prohibited transactions. * The wash sales rules for IRAs are now discussed in §19.08. * Chapter 20 was updated regarding the new rulings on the rights of creditors to attach IRA assets, and the status of an IRA in bankruptcy proceedings after the amendments to the Federal Bankruptcy Code * Chapter 23 was updated regarding the cases and rulings on the division of IRAs in divorce proceedings. * Section 29.03[C] discusses the new estate tax rules applicable to IRA contributions and distributions. * Chapter 30 was updated regarding the cases and rulings on premature distributions and exceptions from the premature distribution tax for certain distributions prior to attainment of age 59-1/2. * Sections 32.02[B][3] and §35.07[B] discuss the new rulings on the requirements for qualified disclaimers by death beneficiaries and the required minimum distribution rules following a disclaimer. * Section 35.04 was updated regarding rulings on the estate beneficiaries and rollovers by spouse beneficiaries. * Chapter 36 was updated regarding the new rulings on allocations to living trusts for estate planning purposes, see-through trusts, rollovers by the surviving spouse, and distribution options by spouse and nonspouse beneficiaries on the death of the IRA owner. Section 36.09 was added regarding trusts and transfers for minors. * Section 37.02[A] was updated regarding charitable contributions by an IRA for tax years prior to 2010 under the Tax Extenders and AMT Relief Act of 2008.

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