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When rolling over an existing IRA to a Roth IRA, all of the following are true except

An employee who receives tax-free benefits under a dependent care plan also can use the dependent care tax credit on their personal tax return as long as legal maximums related to total dollar amount of dependent care are not exceeded.

Employee discounts can be offered only to active employees.

Arthur Beech turned 67 this year. Arthur has a split dollar plan with his employer, Seashore Rental Properties. Arthur could replace this split dollar plan with a DBO plan and reduce his expenditures for insurance while still retaining a death benefit.

A self-employed person can use a money purchase plan to fund his or her own retirement.

The amount of death benefit provided for an employee in a combination plan is determined by using the

A children’s daycare center must be located at the employer’s place of business to be tax-deductible to the employer.

All of the following statutory provisions would allow deferred compensation beyond the annual dollar limit, except

Harvest Cannery, Inc. has a number of employee benefits. Which of the following types of compensation would be exempt from the reporting and disclosure requirements of ERISA?

The first step in the planning process is analyzing existing plans to find weaknesses.