On September 6, 2017, the Internal Revenue Service posted updated traditional, Roth, and SIMPLE IRA model agreements (i.e., IRS Form 5305s) to its website. An IRS Form 5305 is the contract used to establish an IRA. Significantly, this is the first update the IRS has made to the IRA Form 5305 series in fifteen (15) years. Principal attorney Karl Leslie from CBSC preferred provider Wolters Kluwer provides a summary of the changes. Read More.