Individual Retirement Accounts ON DEMAND

Overview

This course offers a deep dive into the world of individual retirement accounts, equipping tax, accounting, and finance professionals with the knowledge to expertly navigate these critical investment tools. Starting with foundational IRA concepts and definitions, the course progresses through a range of topics including Roth IRAs, Coverdell ESAs, SEP IRAs, and SIMPLE IRAs. You will learn about the evolution of IRAs, understand the nuances of various IRA types, and explore the tax implications and distribution guidelines of each. The course’s comprehensive approach ensures that you’ll not only become familiar with IRA terminology and concepts but also understand how to apply this knowledge in practical scenarios, making it an invaluable resource for advising clients and enhancing your professional expertise.

Highlights

Traditional individual retirement accounts. Roth individual retirement accounts. Individual retirement account funding. Education IRAs. Simplified employee pension IRAs. SIMPLE IRAs.

Prerequisites

None.

Designed For

CPAs, insurance professionals, and tax professionals.

Objectives

Describe the general provisions and limits applicable to IRAs at the time of their introduction. Identify the enhancements made to the early IRA program. Discuss the limitations imposed on Roth IRA eligibility and contributions. Explain the tax treatment of contributions to and distributions from Roth IRAs. Describe the conditions that must be met for a Roth IRA distribution to be considered a qualified distribution. Explain the distribution rules applicable to Roth IRA distributions upon the death of the owner. Discuss the rules applicable to traditional to Roth IRA conversions, and more.

Preparation

None.

Notice

None.