Basic Accounting Simplified is for beginning or struggling accounting students and bookkeepers. When the basics are understood, the more advanced aspects of accounting are easier to understand. By simplifying complex concepts, Basic Accounting Simplified helps students of accounting to think through, understand, and master the more difficult issues that will be taught as their accounting education progresses. Basic Accounting Simplified also provides a practical approach to solving problems. Straightforward instructions will guide the student through this process and will engage the student every step of the way. The objective of this book is to impart an in-depth understanding of the fundamentals of accounting to the beginning or struggling accounting student. It presents an easy-to-grasp technique that can be mastered in a short time. Basic Accounting Simplified is the safety net every accounting student should have in order to be successful in this field. Revised & corrected July 2023.

SIMPLE, SEP, and SARSEP Answer Book is the most comprehensive, up-to-the-minute, and authoritative resource on the market, answering the complex questions surrounding SIMPLEs, SEPs, and SARSEPs. The question-and-answer format, with its breadth of coverage and its plain-language explanations, provides practitioners with clear, concise answers to hundreds of practical questions. Practice pointers and numerous examples offer additional insight into the complexities of designing, administering, and reporting SIMPLEs, SEPs, and SARSEPs. Citations to authorities are provided as research aids for those who need to pursue particular subjects in greater detail.

Designing plans that best meet a specific company's unique requirements is a difficult task. SIMPLE, SEP, and SARSEP Answer Book offers practitioners in-depth understanding of such issues as:

• Establishing, maintaining, and terminating the plan
• Employer and employee eligibility
• Catch-up contributions
• SEP integration with Social Security contributions
• The operation and administration of SIMPLEs and SEPs
• And much more

Among the many other key areas covered are the meaning of the terms compensation and earned income for various purposes, IRS reporting requirements, participant disclosures, ERISA fiduciary requirements, and earnings from self-employment.

Additionally, SIMPLE, SEP, and SARSEP Answer Book includes these helpful tools and resources:

• Guidance on appropriate codes to enter on Form 1099-R when reporting revocations of contributions and CIP failure to SEPs, SIMPLEs, and salary reduction SEPs (SARSEPs)
• Extracts from the Employee Plans Compliance Resolution System applicable to SEP and SIMPLE IRA plans
• Updated charts comparing various types of plans and plan features
• COLA adjusted limits
• Excess SEP/SARSEP contribution flow chart
• And more

Note: Online subscriptions are for three-month periods.

Previous Edition: SIMPLE, SEP, and SARSEP Answer Book, Twenty-Fourth Edition, ISBN 9781543803471

The 457 Answer Book is an in-depth resource that provides answers to the questions that tax-exempt organizations, state and local governments, their accountants, tax and legal advisors, 457 administrators, product providers, and investment counselors need to know.

Guiding readers through all aspects of 457 plan administration -- from installation through the audit process -- the 457 Answer Book describes: the duties and responsibilities of those performing the functions; the required legal, accounting, and administrative tasks; checklists that facilitate control of each administrative process; and suggested forms.

The 457 Answer Book also provides:

• The history and legal origins of the plan
• Design and drafting standards
• Suggested administrative procedures
• Data processing and payroll considerations
• Operations and fund flow mechanics
• Marketing and sales suggestions
• And much more

457 Answer Book, Seventh Edition has been updated to include:

• A completely revised and updated chapter on eligible 457 plans
• A discussion on the effect of the Supreme Court's June 26, 2013 decision in United States v. Windsor on 457 plans
• A completely revised and updated chapter on beneficiary designations
• How operational and document failures can be corrected in a governmental 457(b) plan on a provisional basis
• How would proposed regulations issues in 2012 revise the meaning of substantial risk of forfeiture for an ineligible 457(f) plan
• How a sponsor of a 457(b) plan can use the EBSA's Delinquent Filer Voluntary
• Compliance Program (DFVCP) to avoid civil penalties under ERISA
• A completely revised and updated chapter on IRS form reporting
• Recent IRS guidance regarding the corrections of certain failures of a nonqualified deferred compensation plan to comply with Code Section 409A
• Detailed information regarding federal income tax withholding requirements for distributions from 457(b) plans
• How and when a DRO may provide for a spouse in a same-sex couple
• A Discussion of the provisions allowing for in-plan Roth conversions under the American Taxpayer Relief Act of 2012 (ATRA)
• How a technical correction allows distributions from governmental retirement plans to be excluded from gross income to pay certain health-care premiums
• Discussion of the status of exclusive benefit custodial accounts holding mutual fund shares in connection with 457 plans for eligible public employers
• The IRS's updates to the missing persons' letter forwarding program
• How Hurricane Sandy impacts the distribution rules from eligible 457(b) plans
• Why an Ohio court excluded from the debtor's estate assets associated with a non-governmental 457 plan
• The limited relief provided to eligible 457 plans sponsored by private tax-exempt organizations under the 2013 revision of the IRS's Employee Plans Compliance Resolution System (EPCRS)
• A discussion of how distributions to participants, former participants, and beneficiaries of a deceased participant are reported to the IRS

SIMPLE, SEP, and SARSEP Answer Book is the most comprehensive, up-to-the-minute, and authoritative resource on the market, answering the complex questions surrounding SIMPLEs, SEPs, and SARSEPs. The question-and-answer format, with its breadth of coverage and its plain-language explanations, provides practitioners with clear, concise answers to hundreds of practical questions. Practice pointers and numerous examples offer additional insight into the complexities of designing, administering, and reporting SIMPLEs, SEPs, and SARSEPs. Citations to authorities are provided as research aids for those who need to pursue particular subjects in greater detail.

Designing plans that best meet a specific company's unique requirements is a difficult task. SIMPLE, SEP, and SARSEP Answer Book offers practitioners in-depth understanding of such issues as:

• Establishing, maintaining, and terminating the plan
• Employer and employee eligibility
• Catch-up contributions
• SEP integration with Social Security contributions
• The operation and administration of SIMPLEs and SEPs
• And much more

Among the many other key areas covered are the meaning of the terms compensation and earned income for various purposes, IRS reporting requirements, participant disclosures, ERISA fiduciary requirements, and earnings from self-employment.

Additionally, SIMPLE, SEP, and SARSEP Answer Book includes these helpful tools and resources:

• Guidance on appropriate codes to enter on Form 1099-R when reporting revocations of contributions and CIP failure to SEPs, SIMPLEs, and salary reduction SEPs (SARSEPs)
• Extracts from the Employee Plans Compliance Resolution System applicable to SEP and SIMPLE IRA plans
• Updated charts comparing various types of plans and plan features
• COLA adjusted limits
• Excess SEP/SARSEP contribution flow chart
• And more

Previous Edition: SIMPLE, SEP, and SARSEP Answer Book, Twenty-Second Edition, ISBN 9781454871125

Roth IRA Answer Book provides in-depth coverage of the administration and operation of Roth IRAs. A team of practicing experts analyzes the most recent developments in practice, as well as legislation, regulation, and law. It is the one resource that takes pension professionals step by step through all aspects of plan administration and compliance.

Roth IRA Answer Book provides in-depth coverage of the administration and operation of Roth IRAs. A team of practicing experts analyzes the most recent developments in practice, as well as legislation, regulation, and law. It is the one resource that takes pension professionals step by step through all aspects of plan administration and compliance.

Previous Edition: Roth IRA Answer Book, Seventh Edition, ISBN 9781454886723

SIMPLE, SEP, and SARSEP Answer Book is the most comprehensive, up-to-the-minute, and authoritative resource on the market, answering the complex questions surrounding SIMPLEs, SEPs, and SARSEPs. The question-and-answer format, with its breadth of coverage and its plain-language explanations, provides practitioners with clear, concise answers to hundreds of practical questions. Practice pointers and numerous examples offer additional insight into the complexities of designing, administering, and reporting SIMPLEs, SEPs, and SARSEPs. Citations to authorities are provided as research aids for those who need to pursue particular subjects in greater detail.

Designing plans that best meet a specific company's unique requirements is a difficult task. SIMPLE, SEP, and SARSEP Answer Book offers practitioners in-depth understanding of such issues as:

• Establishing, maintaining, and terminating the plan
• Employer and employee eligibility
• Catch-up contributions
• SEP integration with Social Security contributions
• The operation and administration of SIMPLEs and SEPs
• And much more

Among the many other key areas covered are the meaning of the terms compensation and earned income for various purposes, IRS reporting requirements, participant disclosures, ERISA fiduciary requirements, and earnings from self-employment.

Additionally, SIMPLE, SEP, and SARSEP Answer Book includes these helpful tools and resources:

• Guidance on appropriate codes to enter on Form 1099-R when reporting revocations of contributions and CIP failure to SEPs, SIMPLEs, and salary reduction SEPs (SARSEPs)
• Extracts from the Employee Plans Compliance Resolution System applicable to SEP and SIMPLE IRA plans
• Updated charts comparing various types of plans and plan features
• COLA adjusted limits
• Excess SEP/SARSEP contribution flow chart
• And more

Previous Edition: SIMPLE, SEP, and SARSEP Answer Book, Twenty-Third Edition, ISBN 9781454883555

The 457 Answer Book is the first in-depth resource that provides answers to the need-to-know questions asked by tax-exempt organizations, state and local governments, and their lawyers, accountants, investment advisors, recordkeepers, and other service providers.

The 457 Answer Book, Eighth Edition, provides updated and expanded coverage of legislative and regulatory developments and changes affecting plans under Internal Revenue Code (Code) Section 457. The new edition is also updated for new law under the SECURE Act--the Setting Every Community Up for Retirement Enhancement Act of 2019, enacted on December 20, 2019 as a division of the Further Consolidated Appropriations Act, 2020.

Note: Online subscriptions are for three-month periods.

This comprehensive, authoritative volume provides up-to-date coverage of recent legislative and regulatory developments in simplified employee pension (SEP) plans and savings incentive match plans for employees (SIMPLEs). SIMPLE, SEP, and SARSEP Answer Book, 2020 Edition provides clear and concise guidance on the complex design, administration, and compliance issues that arise in connection with SIMPLEs, SEPs, and salary reduction SEPs (SARSEPs).

Highlights from the 2020 Edition include:

• Revised coverage of eligible automatic contribution arrangements.
• New discussion and examples of how Code Section 318 is used to determine who is a highly compensated employee or a key employee.
• Discussion of the increase in the Required Minimum Distribution (RMD) age (to age 72) that will affect individuals born after June 30, 1949.
• Examination of why the failure to remit employee contributions to an employee benefit plan may constitute a crime.
• Discussion of whether participation in a Voluntary Correction Program (VCP) could lead to a plan audit by the IRS.
• Discussion of the new credit for qualified start-up costs for small employers that include an automatic enrollment feature in a SIMPLE IRA.
• Updated coverage of the increased retirement plan start-up cost credit amounts.
• Expanded discussion of why SEP, SARSEP, and SIMPLE contributions, including any elective deferral payments paid during the tax year (regardless of the tax year of deductibility), are treated as part of the guaranteed payments for personal services so Form 1065 flows properly.
• Expanded discussion of what happens to uncorrected excess contributions in a SARSEP.
• Expanded discussion of the correction of excess SEP contributions that fail the 125 percent nondiscrimination test.
• Updated coverage of the submission procedure for VCP.
• Updated discussion of what happens if Code Section 415 limits are exceeded and what happens if the failure is not corrected.
• Update coverage of the saver's credit for low-income taxpayers.
• Discussion of recent events that may doom the EPCRS program and that could result in many more audits of SEPs and SIMPLE plans.
• Updated discussion of when the IRS will assist and employer or employee in determining whether the individual is an employee.
• Discussion of how a plan sponsor may authorize a representative to submit a VCP application. (See Q 17:26.)
• Revised coverage of the status of the DOL's revised definition of fiduciary rule.
• Discussion of the expanded definition of compensation for difficulty of care payments and for non-tuition fellowships and stipend payments.
• Examination of how the tax return due dates and revised extension periods will affect the establishment of a SEP for the prior year. The new due dates for making prior-year SEP and SIMPLE contributions are also discussed with revised charts.
• Updated discussion of the status of the Securities and Exchange Commission's attempt to regulate the delivery of investment advice by a broker-dealer.
• Discussion of the Rollover as Business Start-Ups (ROBS) Compliance Project addressing promoters that aggressively market ROBs arrangements using IRS favorable determination letters.
• Discussion of why the $57,000 limit under Code Section 415 is not prorated for an initial short plan year.
• Updated discussion on the use of electronic media.
• Updated discussion on combining SEP contributions with IRA contributions.
• Revised coverage of highly compensated employees with new examples of the ownership test and compensation test.
• Revised discussion of the eight contribution limits that may apply to a SEP plan.
• How the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) modified certain requirements for employer-provided retirement plans, IRAs, and other tax-favored savings accounts.

Note: Online subscriptions are for three-month periods.

Previous Edition: SIMPLE, SEP, and SARSEP Answer Book, 2019 Edition, ISBN 9781543813258

SIMPLE, SEP, and SARSEP Answer Book, 2021 Edition, provides coverage of recent developments in simplified employee pension (SEP) plans and sav[1]ings incentive match plans for employees (SIMPLEs) and discusses various technical changes and clarifications reflecting the changes made by the Tax Reform Act of 1986, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Small Business Job Protection Act of 1996, the Tax[1]payer Relief Act of 1997, the Economic Growth and Tax Relief Reconciliation Act of 2001, the USA Patriot Act of 2001, the Job Creation and Worker Assis[1]tance Act of 2002, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the Working Families Tax Relief Act of 2004, the American Jobs Creation Act of 2004, the Pension Protection Act of 2006, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Emergency Economic Stabilization Act of 2008, the Worker, Retiree, and Employer Recovery Act of 2008, the Small Business Jobs Act of 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the American Taxpayer Relief Act of 2012, Protecting Americans from Tax Hikes Act of 2015, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, the Fair Access to Investment Research Act of 2017, the Tax Cuts and Jobs Act of 2017, the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Taxpayer Certainty and Disaster Tax Relief Act of 2020, and other legislations. Additional guidance, many new examples, and illustrations are provided to assist practitioners in complying with the new rules. Included in this book are several updated appendices that will also be of assistance to the practitioner. Among other things, sample forms, notifications, and notices are provided in Appendices A, B, C, and J. The 10-year income averaging rate for certain lump-sum distributions are provided in Appendix E. Appendix K contains guidance on appropriate codes to enter on Form 1099-R when reporting revocations of contributions and CIP failure to SEPs, SIMPLEs, and salary reduction SEPs (SARSEPs). Updated charts comparing various types of plans and plan features are provided in Appendices D, M, and N. COLA adjusted limits are provided in Appendix F; and an excess SEP/SARSEP contribution flow chart is provided in Appendix L. Appendix G reproduces illustrations of the many examples used in this book and Appendix R contains coronavirus related postponement of deadlines for 2020.

Designing plans that best meet a specific company's unique requirements is a difficult task. SIMPLE, SEP, and SARSEP Answer Book offers practitioners in-depth understanding of such issues as establishing, maintaining, and terminating the plan; employer and employee eligibility; catch-up contributions; SEP integration with Social Security contributions; and the operation and administration of SIMPLEs and SEPs. Among the many other key areas covered are the meaning of the terms compensation and earned income for various purposes, IRS reporting requirements, participant disclosures, ERISA fiduciary requirements, and earnings from self-employment.

SIMPLE, SEP, and SARSEP Answer Book is the most comprehensive, up-to-the-minute, and authoritative resource on the market, answering the complex questions surrounding SIMPLEs, SEPs, and SARSEPs. The question[1]and-answer format, with its breadth of coverage and its plain-language explanations, provides practitioners with clear, concise answers to hundreds of practical questions. Practice pointers and numerous examples offer additional insight into the complexities of designing, administering, and reporting SIM[1]PLEs, SEPs, and SARSEPs. Citations to authorities are provided as research aids for those who need to pursue particular subjects in greater detail.

• Numbering System. The questions are numbered consecutively within each chapter (e.g., Q 1:1, Q 1:2, and Q 1:3). List of Questions. The detailed List of Questions that follows the Contents helps the reader locate areas of immediate interest. The list is similar to a detailed table of contents, providing both the question number and the page on which the question appears.
• Appendices. For the reader's convenience, supplementary reference materials are provided in appendices at the end of the book.
• Abbreviations and Acronyms. A number of the terms and statutory references that appear repeatedly in this book are referred to by their abbreviations and/or acronyms after the first mention.

Previous Edition: SIMPLE, SEP, and SARSEP Answer Book, 2020 Edition, ISBN 9781543819168