Author Description

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