The TD Form W-8BEN may be obtained from any United States Internal Revenue Service (IRS) office, United. States Consulate office, or by writing Defense Finance and Accounting Service, U.S. Military Annuitant Pay, P.O. Box 7131, London, KY 40742-7131or the annuitant may call toll free 1-800-321-1080.
Taxable Event. There's no limit on the amount you can roll to a Roth from another retirement account. However, a Roth rollover is a taxable event. Traditional IRAs, 401k plans, 403b plans and 457 plans are typically composed of pretax dollars.Roth IRA contributions come from after-tax dollars.So when you effect the rollover, you have to pay taxes on the money that was originally in a pretax account.ou can move money from nearly any retirement account into a Roth. The list of eligible account types includes the 401k, 403b, 457 plan, traditional IRA, SIMPLE IRA and SEP-IRA. You can even roll money from your employee profit-sharing, money purchase and defined benefit plans.
At that point all withdrawals from the Roth are tax free. The individual contribution limit of $5,000 or $6,000 applies to your combined Roth and traditional IRA contributions. For example, if your annual limit is $5,000 and you put $3,000 into a Roth IRA, you can only add $2,000 to your traditional IRA.Although a husband and wife may contribute just as much to traditional and Roth IRAs, only the traditional IRA contributions may be deducted on their joint tax return.ndividuals may contribute up to $5,000 each year to a traditional IRA. When you reach the age of 50, the IRS increases the limit to $6,000. The money you put into a traditional IRA is tax deductible unless your adjusted gross income exceeds IRS income limits, discussed below. Only individuals can open and own IRAs.