2022 Individual Retirement Accounts – On Demand Webinar

Current Status
Not Enrolled
Price to Purchase
Course Individually
$59.99

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 accounts: 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 contributions 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.

We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.

Learning Objectives

At the end of this webinar, students will be able to:

  • Identify the requirements for serving as a trustee for an IRA account
  • Recognize the requirements for opening a traditional IRA account
  • Recognize the maximum contribution that can be made by a taxpayer to an IRA account
  • Calculate the amount of a partial deduction to an IRA account
  • Identify when a taxpayer must start receiving distribution from an IRA account
  • Calculate the amount of minimum distributions from an IRA account
  • Recognize prohibited transactions for an IRA account
  • Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account

CPE Credit: 3 CPE for CPAs and EAs

Level: Intermediate

Instructional Method: Group Internet Based

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: June 10, 2022