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4.4 (34)

J. Patrick Garverick, CFP, CPA


Monday, January 13, 2020 | 09:00 AM EDT

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Preparer
  • TEP
  • CTEC
  • CSA
  • ERPA

8 Credits


Subject Area


Upcoming Webinars

Additional Dates

Jun 17, 2021 | 10:00 AM EDT Register
Jun 24, 2021 | 08:00 AM PDT Register
Jul 01, 2021 | 10:00 AM EDT Register
Jul 08, 2021 | 08:00 AM PDT Register

Course Description

Opening, funding, distributions, taxation rollovers and beneficiaries are all important facets of dealing with the regular and Roth IRA including employer IRAs. The tax rules associated with the IRA can be incredibly complex particularly in the area of distributions and beneficiaries. We will work through these complexities as well as the issues to help you assist your clients in dealing with the critical decisions necessary to take full advantage of the powerful tax and distribution opportunities that congress has imparted on the IRA.

This comprehensive training is designed to get the accountant up to speed quickly with the different types of individual retirement accounts (IRAs). The cornerstone of the course is an in-depth coverage of the contribution and distribution rules to the Traditional, Roth, Simplified Employee Pension (SEP) and Savings Incentive Match Plan for Employees (SIMPLE) IRAs. The course will also discuss the basics of the health savings account (HSA) as well as any newly enacted tax legislation related to IRAs.

We will use all real life examples & case studies to gain practical understanding.


  • Emphasize any new tax legislation affecting IRAs.
  • Contribution limits to and tax treatment of distributions from Traditional, Roth, SEP and SIMPLE IRAs.
  • Deductible phase-out limits for Traditional IRA contributions for taxpayers that are active participants in qualified retirement plans.
  • Roth IRA contribution phase-out limits as well as tax-free qualified distributions.
  • Planning opportunities for conversions to ROTH IRAs.
  • Rollover rules to/from different retirement accounts and the one-rollover-per-year limitation.
  • The different options of receiving IRA distributions before age 59½ and avoiding the 10% early distribution penalty (including substantially equal periodic payments).
  • The required minimum distribution (RMD) rules from IRAs needed to avoid the 50% penalty after the account owner turns age 70½ or dies.
  • The tax ramifications of spouse and non-spouse beneficiaries and how this affects the RMD calculation after the account owner’s death.
  • Overview of health savings account (HSA) eligibility rules, contribution limits and distribution rules.

Learning Objectives

  • Compare and contrast the tax and non-tax advantages and disadvantages of the various IRAs (i.e. Traditional, Roth, SEP, ​ SIMPLE and HSAs)
  • Calculate the maximum contributions to and taxable distributions from the various IRAs
  • List the exceptions to the 10% early withdrawal penalty from IRAs
  • Explain the rules and compute the required minimum distribution (RMD) from the IRAs during an account owner’s life (i.e. turns age 70 ½) and after their death
  • Understanding the foundational tax concepts of retirement distribution planning.
  • Learn about Health savings account(HSA) it’s eligibility rules, contribution limites & distribution rules
  • Review the tax and penalty ramifications of distributions from HSAs
  • Learn planning opportunities for conversions to ROTH IRAs
  • Learn Rollover rules to/from different retirement accounts and the one-rollover-per-year limitation
  • Understand the tax ramifications of spouse and non-spouse beneficiaries and how this affects the RMD calculation after the account owner’s death.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Cybersecurity Pros
  • Enrolled Agent
  • Legal Professionals
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros


    [no_of_record] => 34
    [average] => 4.4412




The info presented was timely and well presented with enough examples of clear action items for me to accomplish. Well worth the time. I will be looking at his other webinars for more info


The webinar was a great package overall. Covered all the important topics and the presenter was very thorough with the subject material. Highly recommended.


The presentation of the subject matter was impressive. I was not bored as points of learning were accompanied by relevant examples and the seminar was interactive. This is important to point as I have a short attention span. Will use MyCPE again for earn CPE.


A fantastic webinar. taught me a lot, cleared a lot of doubts. Have attended webinars on this platform before and it just keeps getting better.


Got clarity on a lot of topics, loved the way the webinar was presented by Patrick. could have been longer but that is because I am a slow learner.


I enjoyed the delivery of the webinar. It is possible only with a skilled presenter having years of practical knowledge. I recommend Patrick and myCPE because I can recall more than I thought I can.