|Course ID:||Advanced Preparation:||Experience Level:|
|EWTFM-T-01662-20-O | 6233-CE-0381||None||Overview|
|Published Date:||Program Prerequisites:||Other Course Formats:|
|© Sept 2020||General Understanding of Taxation||eBook | Self-Study Video | Self-Study Audio | Live Webinar|
Individual retirement accounts are investing tools that permit individuals to set aside money for retirement in a way that is preferential from a tax standpoint. This course will review the following types of IRA account types: Traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs.
- This course will describe who is allowed to open and contribute to an IRA account during the taxable year.
- This course will identify when contributes are deductible and when they are not deductible.
- This course will describe the time allowed to rollover distributions and the ramifications of not completing rollovers within the allotted time.
- Finally, this course will describe when taxpayers are permitted to take distributions from an IRA account.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Return Preparers (TRPs)