mathead

A company with 10 employees has a (prototype) SEP plan where, currently, only the business owner has met the 3 of 5 year elgibility requirement. The business owner established a 401(k) plan as of 1/1/15. 1. Can the owner make SEP contributions only to himself and make no profit sharing contribution to the 401(k)? 2. Would there be cross testing between the two plans that would require the owner to make a profit sharing contribution to employees who are elgiible to participate in the 401(k)?

If a decedent did not satisfy his or her RMD in the year of their death, can a surviving spouse beneficiary transfer the RMD to an IRA in their own name and take the RMD from their own account by the 12/31 deadline? Or is the transfer to the spouse's own IRA treated similar to a direct rollover in the sense that the RMD would not be eligble to be rolled into the new IRA? I've come across an opinion, citing Treas. Reg. 1.408-8 Q&A-5, that the RMD can be transferred, however that reference appears to only talk about the requirement for takign an RMD in the year of death and does not discuss from where it can be taken.

Thanks. I hope you weren't suggesting I do either of those though!

If you've taken a cash distribution, can you borrow cash on margin in a non-retirement account to fund an IRA as a 60 day rollover? Does the same appy for regular contributions?

If a person who lives abroad is granted an extension to file taxes beyond 6 months, do they still have until their extened due date- to recharacterize an IRA contribution, even if it is past October 15?

Does anyone know how options are valued for reporting purposes (1099-R) when distributed from an IRA? For example, if an IRA holding options is converted to a Roth. Any citations or guidance to refer to?

A decree of divorce, which included the division of an IRA account, was signed off by the judge but indicated that the divorce was not effective until a future date (a date which has not yet passed). Prior to the effective date of the divorce, can this be considered a valid document for the purpose of effectuating an IRA to IRA transfer incident to divorce? (This is not a decree nisi.)