
Form 5305-RA Roth Individual Retirement Custodial Account {5305-RA}
This is a Official Federal Forms form that can be used for Department Of Treasury.
Last updated: 2/15/2017
Description
Form (Rev. October 2016) 5305-RA Roth Individual Retirement Custodial Account (Under section 408A of the Internal Revenue Code) Department of the Treasury Internal Revenue Service Do not file with the Internal Revenue Service Name of depositor Address of depositor Date of birth of depositor Check if amendment . Name of custodian Address or principal place of business of custodian . . The depositor named above is establishing a Roth individual retirement account (Roth IRA) under section 408A to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the depositor the disclosure statement required by Regulations section 1.408-6. The depositor assigned the custodial account $ The depositor and the custodian make the following agreement: Article I Except in the case of a rollover contribution described in section 408A(e), a recharacterized contribution described in section 408A(d)(6), or an IRA Conversion Contribution, the custodian will accept only cash contributions up to $3,000 per year for tax years 2002 through 2004. That contribution limit is increased to $4,000 for tax years 2005 through 2007 and $5,000 for 2008 and thereafter. For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is increased to $3,500 per year for tax years 2002 through 2004, $4,500 for 2005, $5,000 for 2006 and 2007, and $6,000 for 2008 and thereafter. For tax years after 2008, the above limits will be increased to reflect a cost-of-living adjustment, if any. Article II 1. The annual contribution limit described in Article I is gradually reduced to $0 for higher income levels. For a single depositor, the annual contribution is phased out between adjusted gross income (AGI) of $95,000 and $110,000; for a married depositor filing jointly, between AGI of $150,000 and $160,000; and for a married depositor filing separately, between AGI of $0 and $10,000. In the case of a conversion, the custodian will not accept IRA Conversion Contributions in a tax year if the depositor's AGI for the tax year the funds were distributed from the other IRA exceeds $100,000 or if the depositor is married and files a separate return. Adjusted gross income is defined in section 408A(c)(3) and does not include IRA Conversion Contributions. 2. In the case of a joint return, the AGI limits in the preceding paragraph apply to the combined AGI of the depositor and his or her spouse. Article III The depositor's interest in the balance in the custodial account is nonforfeitable. Article IV 1. No part of the custodial account funds may be invested in life insurance contracts, nor may the assets of the custodial account be commingled with other property except in a common trust fund or common investment fund (within the meaning of section 408(a)(5)). 2. No part of the custodial account funds may be invested in collectibles (within the meaning of section 408(m)) except as otherwise permitted by section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins, coins issued under the laws of any state, and certain bullion. Article V 1. If the depositor dies before his or her entire interest is distributed to him or her and the depositor's surviving spouse is not the designated beneficiary, the remaining interest will be distributed in accordance with (a) below or, if elected or there is no designated beneficiary, in accordance with (b) below: (a) The remaining interest will be distributed, starting by the end of the calendar year following the year of the depositor's death, over the designated beneficiary's remaining life expectancy as determined in the year following the death of the depositor. (b) The remaining interest will be distributed by the end of the calendar year containing the fifth anniversary of the depositor's death. 2. The minimum amount that must be distributed each year under paragraph 1(a) above is the account value at the close of business on December 31 of the preceding year divided by the life expectancy (in the single life table in Regulations section 1.401(a) (9)-9) of the designated beneficiary using the attained age of the beneficiary in the year following the year of the depositor's death and subtracting 1 from the divisor for each subsequent year. 3. If the depositor's surviving spouse is the designated beneficiary, such spouse will then be treated as the depositor. Article VI 1. The depositor agrees to provide the custodian with all information necessary to prepare any reports required by sections 408(i) and 408A(d)(3)(E), Regulations sections 1.408-5 and 1.408-6, or other guidance published by the Internal Revenue Service (IRS). Cat. No. 25094Y Form 5305-RA (Rev. 10-2016) American LegalNet, Inc. www.FormsWorkFlow.com Form 5305-RA (Rev. 10-2016) Page 2 2. The custodian agrees to submit to the IRS and depositor the reports prescribed by the IRS. Article VII Notwithstanding any other articles which may be added or incorporated, the provisions of Articles I through IV and this sentence will be controlling. Any additional articles inconsistent with section 408A, the related regulations, and other published guidance will be invalid. Article VIII This agreement will be amended as necessary to comply with the provisions of the Code, the related regulations, and other published guidance. Other amendments may be made with the consent of the persons whose signatures appear below. Article IX Article IX may be used for any additional provisions. If no other provisions will be added, draw a line through this space. If provisions are added, they must comply with applicable requirements of state law and the Internal Revenue Code. Depositor's signature Custodian's signature Witness' signature Date Date Date (Use only if signature of the depositor or the custodian is required to be witnessed.) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. see Pub. 590, Individual Retirement Arrangements (IRAs). Definitions IRA Conversion Contributions. IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a Roth IRA. A nonRoth IRA is an individual retirement account or annuity described in section 408(a) or 408(b), other than a Roth IRA. Custodian. The custodian must be a bank or savings and loan association, as defined in section 408(n), or any person who has the approval of the IRS to
Related forms
-
5300 Instructions
Official Federal Forms/Department Of Treasury/ -
5310 Instructions
Official Federal Forms/Department Of Treasury/ -
5310-A Instructions
Official Federal Forms/Department Of Treasury/ -
Form 5305 Traditional Individual Retirement Trust Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-A Tranditional Individual Retirement Custodial Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-E Education Individual Retirement Trust Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-EA Education Individual Retirement Custodial Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-R Roth Individual Retirement Trust Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-RA Roth Individual Retirement Custodial Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-RB Roth Individual Retirement Annuity Endorsement
Official Federal Forms/Department Of Treasury/ -
Form 5305-S Simple Individual Retirement Trust Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-SA SIMPLE Individual Retirement Custodial Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-SEP Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement
Official Federal Forms/Department Of Treasury/ -
5307 Instructions For Form 5307
Official Federal Forms/Department Of Treasury/ -
Instructions For Form 5330
Official Federal Forms/Department Of Treasury/ -
Form 5305-B Health Savings Trust Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-C Health Savings Custodial Account
Official Federal Forms/Department Of Treasury/ -
Form 5305-SIMPLE Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE)
Official Federal Forms/Department Of Treasury/ -
Form 5309 Application For Determination Of Employee Stock Ownership Plan
Official Federal Forms/Department Of Treasury/ -
Form 5330 Return Of Excise Taxes Related To Employee Benefit Plans
Official Federal Forms/Department Of Treasury/ -
Request For Tax Payer Identification Number And Certification
Official Federal Forms/Department Of Treasury/ -
Form 966 Corporate Dissolution Or Liquidation
Official Federal Forms/Department Of Treasury/ -
Form 56-F Notice Concerning Fiduciary Relationship Of Financial Institution
Official Federal Forms/Department Of Treasury/ -
Form 8928 Return Of Certain Excise Taxes Under Chapter 43
Official Federal Forms/Department Of Treasury/ -
Instructions For Form 8038-T
Official Federal Forms/Department Of Treasury/ -
Form 8038 Information Return For Tax-Exempt Private Activity Bond Issues
Official Federal Forms/Department Of Treasury/ -
Form 8038-B Information Return For Build America Bonds
Official Federal Forms/Department Of Treasury/ -
Form 8038-G Information Return For Tax-Exempt Governmental Obligations
Official Federal Forms/Department Of Treasury/ -
Form 8038-GC Information Return For Small Tax-Exempt Governmental Bond Issues
Official Federal Forms/Department Of Treasury/ -
Form 8038-R Request For Recovery Of Overpayments Under Arbitrage Rebate Provisions
Official Federal Forms/Department Of Treasury/ -
Form 8038-T Arbitrage Rebate Yield Reduction And Penalty In Lieu Of Arbitrage Rebate
Official Federal Forms/Department Of Treasury/ -
Form 8038-TC Information Return For Tax Credit Bonds And Specified Tax Credit Bonds
Official Federal Forms/Department Of Treasury/ -
Instructions For Form 1024 Application For Recognition Of Exemption
Official Federal Forms/Department Of Treasury/ -
Form 5304-SIMPLE Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE)
Official Federal Forms/Department Of Treasury/ -
Form 2553 Election By A Small Business Corporation
Official Federal Forms/Department Of Treasury/ -
Form 5558 Application For Extension Of Time To File Certain Employee Plan Returns
Official Federal Forms/Department Of Treasury/ -
Form 8950 Application For Voluntary Correction Program (VCP)
Official Federal Forms/Department Of Treasury/ -
Form 8951 Compliance Fee For Application For Voluntary Correction Program (VCP)
Official Federal Forms/Department Of Treasury/ -
Form 4421 Declaration Executors Commissioners And Attorneys Fees
Official Federal Forms/Department Of Treasury/ -
Form 8609 Low Income Housing Credit Allocation And Certification
Official Federal Forms/Department Of Treasury/ -
Form 706 United States Estate (And Generation-Skipping Transfer) Tax Return
Official Federal Forms/Department Of Treasury/ -
Form 14568- C Appendix C Part II Schedule 3 SEPs And SARSEPs
Official Federal Forms/Department Of Treasury/ -
Form 14568 B Appendix C Part II Schedule 2 Nonamender Failures
Official Federal Forms/Department Of Treasury/ -
Form 14568 E Appendix C Part II Schedule 5 Plan Loan Failures
Official Federal Forms/Department Of Treasury/ -
Form 14568 H Appendix C Part II Schedule 8 Failure To Pay Required Minimum
Official Federal Forms/Department Of Treasury/ -
Form 14568-I Appendix C Part II Schedule 9 Correction By Plan Amendment
Official Federal Forms/Department Of Treasury/ -
2010 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
2011 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
2012 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
2013 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
2014 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
Form W-8BEN Certificate Of Foreign Status Of Beneficial Owner-Tax Withholding
Official Federal Forms/Department Of Treasury/ -
Form W-8BEN-E Certificate Of Entities Status Of Beneficial Owner-Tax Withholding
Official Federal Forms/Department Of Treasury/ -
Form 4506-T Request for Transcript of Tax Return
Official Federal Forms/Department Of Treasury/ -
2015 Reference List (Changes In Qualification Requirements For Retirement Plans)
Official Federal Forms/Department Of Treasury/ -
Form 4876-A Election To Be Treated As An Interest Charge DISC
Official Federal Forms/Department Of Treasury/ -
Form 8971 Information Regarding Beneficiaries Acquiring Property From A Decedent
Official Federal Forms/Department Of Treasury/ -
Form 14568-D Appendix C Part II Schedule 4 SIMPLE IRAs
Official Federal Forms/Department Of Treasury/ -
Form 8822 Change Of Address
Official Federal Forms/Department Of Treasury/ -
Form 14135 Application For Certificate Of Discharge Of Property From Federal Tax
Official Federal Forms/Department Of Treasury/ -
Form 5305-A-SEP Salary Reduction And Other Elective Simplified Employee Pension
Official Federal Forms/Department Of Treasury/ -
Form 14497 Notice Of Nonjudicial Sale Of Property
Official Federal Forms/Department Of Treasury/ -
Form 14498 Application For Consent To Sale Of Property
Official Federal Forms/Department Of Treasury/ -
Form 1024-A Application For Recognition Of Exemption Under Section 501(c)(4)
Official Federal Forms/Department Of Treasury/ -
Form 843 Claim For Refund And Request For Abatement
Official Federal Forms/Department Of Treasury/ -
Form 8940 Request For Miscellaneous Determination
Official Federal Forms/Department Of Treasury/ -
Instructions For Form 8950 Application For Voluntary Correction Program (VCP) Submission
Official Federal Forms/Department Of Treasury/ -
Form 5310-A Notice Of Plan Merger Or Consolidation Spinoff Or Transfer Of Plan Assets Or Liabilities
Official Federal Forms/Department Of Treasury/ -
Form 5300 Application For Determination For Employee Benefit Plan
Official Federal Forms/Department Of Treasury/ -
Form 5307 Application For Determination For Adopters Of Master Or Prototype Or Volumne Submitter Plans
Official Federal Forms/Department Of Treasury/ -
Form 5310 Application For Determination Upon Termination
Official Federal Forms/Department Of Treasury/ -
Form 8718 User Fee For Exempt Organization Determination Letter Request
Official Federal Forms/Department Of Treasury/ -
Form 8717 User Fee For Employee Plan Determination
Official Federal Forms/Department Of Treasury/ -
Form 5316 Application For Group Or Pooled Trust Ruling
Official Federal Forms/Department Of Treasury/ -
Form 5306 Application For Approval Of Prototype Or Employer Sponsored Individual Retirement Account
Official Federal Forms/Department Of Treasury/ -
Form 5306-A Application For Approval Of Prototypes Simplified Employee Pension (SEP)
Official Federal Forms/Department Of Treasury/ -
Form 14568 Appendix C Part I Model VCP Compliance Statement
Official Federal Forms/Department Of Treasury/ -
Form 56 Notice Concerning Fiduciary Relationship
Official Federal Forms/Department Of Treasury/ -
Form 14568-A Appendix C Part II Schedule 1 Interim And Certain Discretionary Nonamender Failures
Official Federal Forms/Department Of Treasury/ -
Form 1041 US Income Tax Return For Estates And Trusts
Official Federal Forms/Department Of Treasury/ -
Form 1024 Application For Recognition Of Exemption Under Section 501(a)
Official Federal Forms/Department Of Treasury/ -
Form 8960 Net Investment Income Tax-Individuals Estates An Trusts
Official Federal Forms/Department Of Treasury/ -
Form 8038-CP Return For Credit Payments To Issuers Of Qualified Bonds
Official Federal Forms/Department Of Treasury/ -
Form 990 Return Of Organization Exempt For Income Tax
Official Federal Forms/Department Of Treasury/ -
Instructions For Form SS-4 Application For Employer Identification Number
Official Federal Forms/Department Of Treasury/ -
Form SS-4 Application For Employer Identification Number
Official Federal Forms/Department Of Treasury/ -
Form 14429 Tax Exempt Bonds Voluntary Closing Agreement Program Request
Official Federal Forms/Department Of Treasury/ -
Form 2848 Power Of Attorney And Declaration Of Representative
Official Federal Forms/Department Of Treasury/ -
Form 8821 Tax Information Authorization
Official Federal Forms/Department Of Treasury/ -
Form 14568-F Appendix C Part II Schedule 6 Employer Eligibility Failure
Official Federal Forms/Department Of Treasury/ -
Form 14568-G Appendix C Part II Schedule 7 Failure To Distribute Elective Deferrals
Official Federal Forms/Department Of Treasury/ -
Form 706-NA United States Estate (And Generation-Skipping Transfer) Tax Return
Official Federal Forms/Department Of Treasury/ -
Form 5308 Request For Change In Plan-Trust Year
Official Federal Forms/Department Of Treasury/ -
Form 8868 Application For Extension Of Time To File An Exempt Organization
Official Federal Forms/Department Of Treasury/ -
Form 4768 Application For Extension To File A Return-Estate-Taxes
Official Federal Forms/Department Of Treasury/ -
Form 5471 Information Return Of US Person With Respect To Certain Foreign Corporations
Official Federal Forms/Department Of Treasury/ -
Form 8822-B Change Of Address Or Responsible Party-Business
Official Federal Forms/Department Of Treasury/ -
Instructions For Form 8038
Official Federal Forms/Department Of Treasury/ -
Form 8832 Entity Classification Election
Official Federal Forms/Department Of Treasury/ -
Form 1040 Schedule B Interest And Ordinary Dividends
Official Federal Forms/Department Of Treasury/ -
Form 1041-V Payment Voucher
Official Federal Forms/Department Of Treasury/ -
Form 1040 Schedule E Supplement Income And Loss
Official Federal Forms/Department Of Treasury/ -
Form 1040 Schedule SE Self-Employment Tax
Official Federal Forms/Department Of Treasury/ -
Form 8865 Return Of US Persons With Respect To Certain Foreign Partnerships
Official Federal Forms/Department Of Treasury/ -
Form 4506 Request For Copy Of Tax Return
Official Federal Forms/Department Of Treasury/ -
Form 8833 Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
Official Federal Forms/Department Of Treasury/ -
Form 990 Schedule O Supplemental Information To Form 990 Or 990-EZ
Official Federal Forms/Department Of Treasury/ -
Form 990 990-EZ Or 990-PF Schedule B Schedule Of Contributors
Official Federal Forms/Department Of Treasury/ -
Form 8582 Passive Activity Loss Limitations
Official Federal Forms/Department Of Treasury/ -
Form 990 Or 990-EZ Schedule C Political Campaign And Lobbying Activities
Official Federal Forms/Department Of Treasury/ -
Form 8283 Noncash Charitable Contributions
Official Federal Forms/Department Of Treasury/ -
Form 990 Schedule D Supplemental Financial Statements
Official Federal Forms/Department Of Treasury/ -
Form 3520 Annual Return To Report Transactions With Foreign Trusts And Receipt
Official Federal Forms/Department Of Treasury/ -
Form 8606 Nondeductible IRAs
Official Federal Forms/Department Of Treasury/ -
Form 990 Schedule J Compensation Information
Official Federal Forms/Department Of Treasury/ -
Form 3520-A Annual Information Return Of Foreign Trust With A US Owner
Official Federal Forms/Department Of Treasury/ -
Form 709 United States Gift (And Generation-Skipping Transfer) Tax Return
Official Federal Forms/Department Of Treasury/ -
Form 1040 Schedule A Itemized Deductions
Official Federal Forms/Department Of Treasury/ -
Form 8949 Sales And Other Dispositions Of Capital Assets
Official Federal Forms/Department Of Treasury/ -
Form 1040 US Individual Income Tax Return
Official Federal Forms/Department Of Treasury/ -
Form 1040 Schedule D Capital Gains And Losses
Official Federal Forms/Department Of Treasury/ -
Form 6251 Alternative Minimum Tax-Individuals
Official Federal Forms/Department Of Treasury/ -
Form 4562 Depreciation And Amortization
Official Federal Forms/Department Of Treasury/ -
Form 4797 Sales Of Business Property
Official Federal Forms/Department Of Treasury/ -
Form 4868 Application For Automatic Extension Of Time To File
Official Federal Forms/Department Of Treasury/ -
Form W-4 Employees Withholding Allowance Certificate
Official Federal Forms/Department Of Treasury/
Form Preview
Contact Us
Success: Your message was sent.
Thank you!