Individual Retirement Accounts
SKU: 09-006-01-CPE
Credit Hours: 3
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online Group/Internet based
Instructor: Andrew Clark, EA
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. 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.
This course will cover the following topics:
- Retirement Planning
- Overview of IRAs
- Traditional IRA Contributions
- Inherited IRAs
- Spousal IRAs
- Deductible Contribution Requirements
- MAGI Phaseout Amounts
- Form 8606
- Rollover Contributions
- Recharacterizations
- Overview of Distributions
- Excess Contributions, Premature Distributions, and Excess Accumulations
- Roth IRAs
- Qualified and Non-qualified Distributions for Roth IRAs
- SIMPLE IRAs
- Simplified Employee Pensions (SEPs)
- Top-Heavy SEPs
- SARSEPs