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 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.
- An emphasis on newly enacted tax legislation affecting IRAs including the those made by the SECURE & CURES Act
- 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 59 ½ 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 72 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
J. Patrick Garverick is one of the most admired and best-reviewed Tax Speaker in the country and we are offering the classes at a much-discounted price during the pandemic. His courses have been best-reviewed time and again
- For Quality of Content
- For Relevance and Practical Case studies
- For Best Teaching Approach
- For Best Course Material
Awards and Accolades
- Award for Instructor Excellence for California Education Foundation
- Award for Outstanding Course materials for California Education Foundation.
- Rated top tax instructor in nearly every location he has presented
- One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge.
After registering for this webinar you will get Free E-Book worth $200. The book would be emailed to you, a day before the webinar on your registered email address on myCPE. The book is copyright protected.