Individual Retirement Accounts (ondemand webinar®)

  • Credits: 4
  • Format: OnDemand Webinar
  • Field of Study: Federal Tax Law
  • Author/Speaker: Andrew Clark

Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01563-20-O | 6233-CE-0295 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 General Understanding of Taxation Live Webinar

COURSE DESCRIPTION

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.

Topics include:

  • 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)

Qualifies and Approved with All State Boards of Accountancy and the following sponsorship’s:

NASBA
IRS
CTEC