Common IRS Forms Received and Filed by IRA Holders 1 Credit
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Tax time can be perplexing, especially for IRA holders and tax preparers. This online webinar is your guide through the intricate maze of IRS forms, ensuring clarity and confidence during tax filing. Understanding how to reduce taxable income through deductions and credits is paramount, and this course sheds light on often overlooked tax incentives like Individual Retirement Accounts (IRAs) and Employer-Sponsored Plans.
Delve into the nitty-gritty of tax law, exploring the eligibility criteria for credits and deductions. For those nearing retirement age, unravel the complexities of reporting nondeductible contributions, basis tracking, and handling prior contributions. With millions of baby boomers tapping into their retirement plans, navigating IRS forms for previously taxed distributions becomes imperative to avoid unnecessary taxation, a crucial aspect often overlooked by both IRA holders and beneficiaries.
This CE Tax webinar goes beyond the basics. It unravels the complexities surrounding investments under IRAs and Qualified Retirement Plans, introducing you to Unrelated Business Taxable Income (UBTI). Learn about taxable incomes arising from various investments and understand the steps involved in filing tax returns for these incomes. Acquiring an Employer Identification Number (EIN) for your IRA or Plan Trust is demystified, ensuring informed decision-making for accurate tax returns.
Key Pointers:
Join us to gain a comprehensive understanding of tax forms related to contributions, distributions, rollovers, and tax credits. Navigate these complexities with confidence and optimize your tax planning for a seamless filing experience.
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Advance Preparation
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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John Paul Ruiz has spent more than 30 years as a consultant and trainer in the retirement and financial services industry. Prior to joining SEPIRAk, Ruiz served as Director of Professional Development for The Entrust Group, a self-directed IRA Administrator, his duties involved compliance oversight of all organizational operational procedures and policies, print and electronic materials, staff education and others. He was also the creator of the IRA Academy, a preparatory course for the American Bankers Association’s Certified IRA Services Professional, CISP, designation. Prior to Entrust, Ruiz was the Vice President of Professional Development for Integrated Retirement Initiatives, LLC. His responsibilities involved developing and delivering retirement plan training to financial advisors as well compliance personnel to some of the largest institutions offering retirement products and solutions. With his comprehensive knowledge of alternative investments, his consulting and training expertise was sought after by numerous third-party administrators in the self-directed IRA market. His former positions include Director of Resource Development for the Retirement Products & Solutions division of Acensus (formerly BISYS Retirement Services). Ruiz was responsible for overseeing the development and delivery of the Ascensus professional development and training services using a broad spectrum of media including:
In high demand as a speaker in the retirement services industry, Ruiz has been a featured keynote speaker and industry expert at numerous regional and national conferences. Ruiz has served as a member of the faculty of national schools including the American Bankers Association (ABA) Trust School and the Graduate School of Banking at the University of Wisconsin – Madison. Ruiz has also served on the faculty of the IRA Institute, which serves as preparatory course for retirement professionals pursuing the Certified IRA Services Professional (CISP) designation offered through the Institute of Certified Bankers (ICB) or the Certified IRA Professional (CIP) designation offered through the National Association of Federal Credit Unions (NAFCU).
Ruiz has become well-known in the industry for his ability to help financial advisers understand how to create selling opportunities by building their retirement plan expertise and staying on top of legislative and regulatory developments.
During his tenure with Ascensus, Ruiz also held position as senior ERISA consultant and as manager of the ERISA Support Call Center, a fee-for-service hotline that provided ERISA technical support to financial services professionals. Prior to Ascensus, Ruiz served as a relationship manager for several key alliance partners in the recordkeeping division of Universal Pension, Inc. Prior to joining Universal Pensions Inc. he worked in the consumer loan division of Wells Fargo Bank. Ruiz earned the Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals & Actuaries (ASPPA) and holds a Certified IRA Service Professional (CISP) certification through the American Bankers Association’s Institute of Certified Bankers (ICB).
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To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
MS
Good solid presentation related to Solo 401K plan requirements. Presenter was very good in explaining all of the aspects related to the IRS requirements in establishing and maintaining the 401K plans.
PS
This webinar was full of useful information on the topic of Solo 401k plans. The presenter was very knowledgeable and laid out the information is an easy to follow format.
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