Use the IRS to get the IRS Out of Your Retirement

  • Accountant
  • CRTP
  • CPA (US)
  • EA
  • Tax Professional
  • MST
  • ORTP
  • MRTP
  • ERPA
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

GET THE MOST OUT OF YOUR PRE-TAX RETIREMENT ACCOUNTS WITH SIMPLE PLANNING USING LONG-ESTABLISHED BUT UNDERUTILIZED IRS RULES

Income for retirement can come from the sale of a business, personal savings, social security, and a private retirement plan.

Private qualified retirement plans were established by the government specifically to enable businesses to create retirement benefits for employees. A qualified retirement plan meets the requirements of the Internal Revenue Code and as a result, comes with tax advantages and security unavailable in other strategies. Every business owner can establish a private qualified retirement plan to shift assets from their business to their personal wealth.

Money accumulated in a qualified plan or IRA is income taxable at the maximum tax rate when it is distributed, whether during your life or upon your death. Required Minimum Distributions at age 70-1/2 make sure that you cannot defer taxation indefinitely.

The tax treatment cannot be changed.

However, there is a unique strategy, endorsed as a safe harbor by the IRS, that utilizes the only asset the IRS provides a discount on taxes due when distributing from a qualified plan

In this CE/CPE course, we will be sharing and We will be discussing this unique strategy, how easy and safe it is, and how it can help clients minimize their taxes and maximize their retirement and estate legacy.

Learning Objectives

  • Gain perspective on the long-term impact of qualified accounts
  • Understand the over-looked taxation of qualified money at distribution and death.
  • Understand options, risks, and how to plan for retirement account distributions
  • Determine how to help clients minimize taxes and maximize their retirement and estate legacy
  • Develop awareness of distribution alternatives to control the tax impact.
  • Stay current with recent legislative changes affecting qualified plans.
  • Understand how to have a more meaningful conversation with your clients about their qualified retirement accounts.

Recommended For

  • This IRS-approved CPE webinar is recommended for CPAs, accountants or bookkeepers, accounting firms, Tax practices, Trust and Estate Planners, CRTP, EA, ERPA, MRTP, and ORTP, desiring to help clients in minimizing their taxes and maximizing their retirement and estate legacy.

Who Should Attend?

  • Accounting Firm
  • Bookkeeper
  • CEO
  • Certified Public Accountant (CPA)
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Staff of Accounting Firm
  • Tax Attorney
  • Tax Managers
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1013)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01233-22-O)
  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01233-22-O)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01233-22-O)
  • 1 CE Credit of Qualified Retirement Plan Matters for Enrolled Retirement Plan Agent (Approval No. GEHNZ-Q-01234-22-O)
  • 1 CE Credit for Tax Professionals

Additional details

  • Course Level :
    Intermediate
  • Credits :
    1
  • Instructional Method :
    Group Internet Based

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Mary Read, CPC, CPFA, QPA

Speaker, Eliminate Hidden Fees

Mary Read CPC, CPFA, QPA has more than 30 years of experience designing and establishing qualified retirement plans for closely held businesses. Mary’s expertise has made her a frequent speaker and contributor to financial industry publications and she has written several books on the subject of qualified plans and retirement. Among her credits she has taught pension classes for financial professionals of major financial institutions and been a featured speaker at national meetings for the Society of Financial Service Professionals, the Association for Advanced Underwriting (AALU), LIMRA, Million Dollar Round Table (MDRT) and the Form 400. Mary continues her active role in supporting financial professionals and closely held businesses with pension strategies in her present position with Eliminate Hidden Fees and as National Director of Qualified Plan Marketing at Pentegra Retirement Services.

About Company

Eliminate Hidden Fees

eliminatehiddenfees.com

Eliminate Hidden Fees has years of experience teaching no-cost solutions for business owners to protect their most valuable assets. As an independent financial services firm, they provide innovative solutions that solve many problems unique to business owners so you can sleep well knowing your business and family are well protected.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

173 Ratings

Excellent

106

Very Good

52

Average

12

Poor

2

Terrible

1

DW

Dawn Werner, CPA (US)

Jul 21st, 2022

I take these webinars on my iphone as I cannot access them on my government computer at work. My CPE is the only platform I use where the screen continually goes black. I have to log out and log back in to get the screen to come back. Sometimes it will come back after a CPE question.

RB

Richard Brown, EA

Jul 20th, 2022

great experience, but I think we needed more time to breakdown some of the more technical issues.

PP

Patricia Potts, AFSP, EA

Jul 20th, 2022

Excellent and informative presentation. Could have lasted more than one hour.

SC

Soheila Clarke

Jul 21st, 2022

I enjoyed the presentation very much and look forward to many more

DS

Dale Scrimger, CPA (US)

Jul 20th, 2022

The simplification of the data and the real life examples.

Use the IRS to get the IRS Out of Your Retirement

FREE

1 Credit

Subject Area

Taxes

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