Get (under Section 408a Of The Internal Revenue

This guide provides a straightforward approach to completing form 5305-R, which establishes a Roth individual retirement account (Roth IRA) under section 408A of the Internal Revenue Code. By following these steps, you can ensure that the form is filled out correctly and efficiently.

Follow the steps to complete the form smoothly.

1. Press the ‘Get Form’ button to access the document and open it in your preferred editor.
2. Begin by entering the name of the grantor in the designated field at the top of the form.
3. Provide the date of birth of the grantor in the specified format.
4. Fill in the social security number of the grantor for tax identification purposes.
5. List the address of the grantor accurately to maintain correspondence.
6. Check the box if any amendments are being made to the current agreement.
7. Enter the name of the trustee responsible for managing the Roth IRA.
8. Input the address or principal place of business of the trustee.
9. Indicate the amount assigned to the trust in the section provided.
10. Review the contributions limit details in Article I; ensure that your inputs reflect compliance with the IRS regulations.
11. Complete Article II by providing information related to adjusted gross income if applicable.
12. Confirm the understanding that the grantor’s interest in the trust account is nonforfeitable as noted in Article III.
13. Recognize investment restrictions outlined in Article IV, ensuring compliance with specified guidelines.
14. In Article V, indicate how the remaining interest will be distributed upon the grantor's death.
15. Sign the form as the grantor and have the trustee sign it as well. If necessary, a witness may also need to sign.
16. Review the entire form for accuracy and completeness before saving, downloading, printing, or sharing it as needed.

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