Save time with our cheat sheets, fact sheets, checklists & books!

March 25, 2009


Retirement-Industry term used to refer to a transaction that occurs in a retirement account, which the plan administrator, IRA custodian, or payer is required to report to the IRS and the account owner. Examples include:

Referring Cite


Additional Helpful Information

The following transactions are non-reportable:
  • A trustee-to-trustee transfer between two accounts of similar type , for example between two traditional IRAs, between a traditional IRA and a SEP IRA, from a SIMPLE IRA that has met the two year requirement to a traditional IRA or a SEP IRA, from a SIMPLE IRA to another SIMPLE IRA or between two Roth IRAs
  • A movement of assets between accounts under the same qualified plan, 403(b) or 457(b) account
  • Fees paid from the account, such as administrative or management fees
  • Total distributions of less than $10

Keep Learning

Qualified Charitable Distribution (QCD)

Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches

Saver’s Credit

Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

Be among the first to know when

IRA Rules