Publication 560 (2006), Retirement Plans for Small Business
(SEP, SIMPLE, and Qualified Plans)

For use in preparing 2006 Returns

 

Table of Contents

• Publication 560 - Introductory Material
  • What's New for 2006
  • What's New for 2007
  • Reminders
  • Introduction
    • SEP plans.
    • SIMPLE plans.
    • Qualified plans.
    • Tax questions.
    • Ordering forms and publications.
• 1.   Definitions You Need To Know
  • Other options.
  • Exception.
• 2.   Simplified Employee Pension (SEP)
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • Setting Up a SEP
    • When not to use Form 5305-SEP.
  • How Much Can I Contribute?
    • Contribution Limits
  • Deducting Contributions
    • Deduction Limit for Contributions for Participants
    • Deduction Limit for Self-Employed Individuals
    • Carryover of Excess SEP Contributions
    • When To Deduct Contributions
    • Where To Deduct Contributions
  • Salary Reduction Simplified Employee Pension (SARSEP)
    • SARSEP ADP test.
    • Deferral percentage.
    • Employee compensation.
    • Compensation of self-employed individuals.
    • Choice not to treat deferrals as compensation.
    • Limit on Elective Deferrals
    • Tax Treatment of Deferrals
  • Distributions (Withdrawals)
  • Additional Taxes
    • Effects on employee.
  • Reporting and Disclosure Requirements
• 3.   SIMPLE Plans
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • SIMPLE IRA Plan
    • Who Can Set Up a SIMPLE IRA Plan?
    • Who Can Participate in a SIMPLE IRA Plan?
    • How To Set Up a SIMPLE IRA Plan
    • Notification Requirement
    • Contribution Limits
    • When To Deduct Contributions
    • Where To Deduct Contributions
    • Tax Treatment of Contributions
    • Distributions (Withdrawals)
    • More Information on SIMPLE IRA Plans
  • SIMPLE 401(k) Plan
• 4.   Qualified Plans
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • Kinds of Plans
    • Defined Contribution Plan
    • Defined Benefit Plan
  • Setting Up a Qualified Plan
    • Adopting a Written Plan
    • Investing Plan Assets
  • Minimum Funding Requirement
    • Due dates.
    • Installment percentage.
    • Extended period for making contributions.
  • Contributions
    • When Contributions Are Considered Made
    • Employer Contributions
    • Employee Contributions
  • Employer Deduction
    • Deduction Limits
    • Deduction Limit for Self-Employed Individuals
    • Where To Deduct Contributions
    • Carryover of Excess Contributions
    • Excise Tax for Nondeductible (Excess) Contributions
  • Elective Deferrals (401(k) Plans)
    • Limit on Elective Deferrals
    • Treatment of Excess Deferrals
  • Qualified Roth Contribution Program
    • Elective deferrals
    • Qualified distributions
    • Reporting Requirements
  • Distributions
    • Required Distributions
    • Distributions From 401(k) Plans
    • Tax Treatment of Distributions
    • Tax on Early Distributions
    • Tax on Excess Benefits
    • Excise Tax on Reversion of Plan Assets
    • Notification of Significant Benefit Accrual Reduction
  • Prohibited Transactions
    • Tax on Prohibited Transactions
  • Reporting Requirements
    • One-participant plan.
    • Form 5500-EZ not required.
    • Schedule A (Form 5500).
    • Schedule B (Form 5500).
    • Schedule P (Form 5500).
  • Qualification Rules
    • Early retirement.
    • Loan secured by benefits.
    • Waiver of survivor benefits.
    • Waiver of 30-day waiting period before annuity starting date.
    • Involuntary cash-out of benefits not more than dollar limit.
    • Exception for certain loans.
    • Exception for qualified domestic relations order (QDRO).
    • SIMPLE and safe harbor 401(k) plan exception.
• 5.   Table and Worksheets for the Self-Employed
  • Community property laws.
• 6.   How To Get Tax Help
• Publication 560 - Additional Material
• Index