CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

4.5 (2)

J. Patrick Garverick, CFP, CPA (US)

The Garvs, LLC

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CPA/PFS
  • TEP
  • CTEC
  • CSA

Published: July, 2021

Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

8 Credits

$120

Subject Area

Taxes

Webinar Qualifies For

8 CPE credit of Taxes for all CPAs

8 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00077-19-S)

8 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0053)

8 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

8 CPD credit (Verifiable) for CPA/PFS

8 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

8 CPD credit (Verifiable) for Trust and Estate Practitioners (TEPs)

8 CE credit for Certified Senior Advisor (CSA)

8 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00077-19-S)

8 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00077-19-S)

8 CE credit of Qualified Retirement Plan for ERPAs

8 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Sep 23, 2021 | 10:00 AM EDT Register
Sep 30, 2021 | 11:00 AM EDT Register
Oct 07, 2021 | 12:00 PM EDT Register

Overview

  • Individual Retirement Account (IRA) Background
    28 mins
  • Roth IRA Contribution MAGI Phase-out Ranges
    74 mins
  • Five Taxable Year Period (§ 408A(d)(2)(8))
    105 mins
  • Participation requirements (§ 408(k)(2))
    152 mins
  • Distribution from Roth IRAs
    215 mins
  • Amount distributed may be repaid
    265 mins
  • RMDs During Employee's lifetime (When Taxpayer Turns Age 72)
    327 mins
  • RMD Using the Join Life & Last Survivor Expectancy - Example
    345 mins
  • Update QCD's after 2019
    384 mins
  • Distributions from HSAs
    397 mins

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 online CPE/CE course 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 online continuing education 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.

This online CPE webinar covers the following key topics:

  • An emphasis on newly enacted tax legislation affecting IRAs including 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. 

During this webinar, you will get Free E-Book worth $200. The book will be shared with you during the webinar. The book is copyright protected..

Click for more webinars on Trust, Estate, and Financial Planning | Latest Tax Updates

Learning Objectives

  • To recognize the tax and non-tax advantages and disadvantages of the various IRAs (i.e. Traditional, Roth, SEP, ​ SIMPLE and HSAs)
  • To learn how to calculate the maximum contributions to and taxable distributions from the various IRAs
  • To recall the exceptions to the 10% early withdrawal penalty from IRAs
  • To 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
  • To identify the foundational tax concepts of retirement distribution planning.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • 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

Testimonial

4.5

(2)
50%
50%
0%
0%
0%