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What is IRS Form 5305-RA?

form IRS tax preparation
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What is IRS Form 5305-RA?

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IRS Form 5305-RA is a model contract for a Roth custodial IRA. This form should not be filed with the IRS. It serves as a template to be used by firms that serve as sponsors for Roth IRA. The first four articles cannot be altered, because they are needed to comply with tax law. The sponsor agrees to modify this contract as needed to comply with any changes in the law concerning Roth IRAs. The sponsor has permission to add clauses concerning fees, definitions, and other matters as it sees fit.

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