Description
Book SynopsisFor several years, the Internal Revenue Service has been actively auditing public school districts' the TSA/403(b) programs and has indicated that the audits will continue until IRS field examiners routinely find that employers have compliance practices and procedures in place. Thus, school business officials must actively pursue compliance initiatives. It is imperative that compliance practices and procedures are amended to reflect the substantial changes contained in the Economic Growth and Tax Relief and Reconciliation Act of 2001 and subsequent IRS guidelines. The second edition of the Section 403(b) Compliance Guide for Public Education Employers includes the new Roth 403(b), as well as all available regulatory changes as of June 30, 2005. It is designed to help busy officials and their staff update already established compliance programs, which will substantially reduce the impact of an IRS audit.
Trade ReviewConsultant Lowder takes into account all regulatory changes as of 30 June 2005 for this handbook on post-EGTRRA compliance programs, including the new Roth 403(b) and severance pay rules. She starts with frequently asked questions, then takes a regulatory overview and describes IRS examination guidelines and audits. * Reference and Research Book News *
Table of ContentsChapter 1 TSA/403(b) Programs and Compliance Frequently Asked Questions Chapter 2 EGTRRA and Regulatory Overview Chapter 3 The IRS Examination Guidelines Chapter 4 IRS Audits: The Most Common Violations and Results; New IRS Focus on Loans and Hardship Withdrawals Chapter 5 IRS Correction Programs Chapter 6 The Organization of This Compliance Guide Chapter 7 The Basics of 403(b) Plans Chapter 8 Types of Contributions Permitted Chapter 9 No More Coordination of Contributions to Both a 403(b) Arrangement and a 457(b) Deferred Compensation Plan Chapter 10 Correction of Excess Contributions Chapter 11 The Nondiscrimination Rules for TSA Plans Chapter 12 Title I of ERISA Chapter 13 Plan Defects: How They May Affect the TSA Plan Chapter 14 Your Compliance Project Chapter 15 What Is a Service Provider? Chapter 16 The Service Provider Agreement Chapter 17 The Salary Reduction Agreement Chapter 18 The Basics of 457(b) Governmental Plans Chapter 19 Compliance Checklist for Public Education Institutions Sponsoring Non-ERISA 403(b) Plans Chapter 20 The 403(b) Specimen Agreements
