72(t) Software - Substantially Equal Periodic Payments

72t SEPP IRA Software - 72t SEPP Calculator

Millions of people who have not yet reached age 59½ would like to get their hands on some of the money they have accumulated in their qualified retirement plan -- without paying the 10% tax penalty. They may have lost their job due to "downsizing," be in poor health, or do not want to wait until until they are "too old" to retire.

IRS Revenue Bulletin 2022-06: provides guidance on whether a series of payments from an individual account under a qualified retirement plan is considered a series of substantially equal periodic payments within the meaning of section 72(t)(2)(A)(iv) of the Internal Revenue Code . This notice also applies for purposes of determining whether distribution from a non-qualified annuity contract is part of a series of substantially equal periodic payments within the meaning of section 72(q)(2)(D) .

This notice, effective January 1, 2023, modifies and supersedes Rev. Rul. 2002-62, 2002-2 CB 710, and Notice 2004-15, 2004-1 CB 526.

(1) Determination of Substantially Equal Periodic Payments SECTION 1. PURPOSE. https://www.irs.gov/pub/irs-drop/n-22-06.pdf.
(2) Federal Register: Prevailing Wage and Apprenticeship Initial Guidance .... https://www.federalregister.gov/documents/2022/11/30/2022-26108/prevailing-wage-and-apprenticeship-initial-guidance-under-section-45b6bii-and-other-substantially.

IMAGISOFT Web-based 72(t) Software will help you:

		provide your clients with an accurate, easy to understand, printed report so they can compare 72(t) equal payment options using IRS tables using the three IRS methods: the RMD, Fixed Amortization and Annuitization
		use life insurance to convert taxable assets into tax-free assets (see the indexed annuity and life insurance illustrations for an example that rolls over $100,000 of pre-tax assets, produces $4,147 of income, and a $145,000 tax-free death benefit)
		look up the 120% Mid-Term AFR - Approved Federal Rate
		help your clients avoid massive IRS penalties / private letter ruling fees

		The annual cost for this software is $240.00 with a 30-day money back guarantee.
		*Try before* you buy! Call (877) 510-4702** and ask for a free 7-day trial.