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Traditional and Roth IRA Distributions, Taxation and Withholding

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • ERPA
  • CPFA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

No matter what stage of life you're in, it is never too soon to start planning for retirement, as even the small decisions you make today can have a big impact on your future. While you might already be invested in an employer-sponsored plan, an Individual Retirement Account (IRA) allows you to save for your retirement on the side, and also potentially save on taxes. 

There are different types of IRAs, too, with different rules and benefits. Traditional and Roth IRAs are extremely popular methods to save for retirement

With a Roth IRA, you contribute after-tax dollars, your money grows tax-free, and you can generally make tax- and penalty-free withdrawals after age 59½. With a Traditional IRA, you contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after age 59½.  

This CPE Tax course offers information about Traditional and Roth IRA distributions. It will specifically address how these distributions are taxed.

Major topics covered in this IRS-approved CE webinar:

  • The various stages of taxation
  • Penalties for early distributions
  • Traditional IRA taxation
  • Pre-59 ½ IRA distribution penalty
  • Substantial equal periodic distributions
  • Roth IRA taxation
  • Distribution withholding

Learning Objectives

  • To discuss how to determine the taxation of Traditional and Roth IRA distributions.
  • To explain that additional penalties may apply if the IRA holder is under the age of 59 ½.
  • To review withholdings on distributions have a minimum, however, it may be waived by the IRA holder.
  • To identify how nonresident alien withholding is different from citizens and residents.
  • To analyze the responsibility that financial institutions (payers) have to remit to the IRS amounts withheld from distributions.

Recommended For

  • This IRS-approved CE webinar is recommended for CPAs, EAs, Accounting Firms, Tax practitioners, and Other Tax Professionals who want to learn everything about the taxation aspect of Traditional and Roth IRA distributions.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1072)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 PL Credit of Retirement Planning for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01340-22-O)
  • 1 CE Credit of Federal tax-related matters for Oregon Registere