IRAs and Roth IRAs - Pots of Gold at the End of the Rainbow (8 hours)

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May 4, 2020

Registration: 5:30 AM / Program: 6:00 AM - 2:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Systematic saving and intelligent use of tax breaks is critical to being able to retire at all and retire well. This course locks down on building a future to count on. Updated in July 2018, the course takes a fresh look at the tax and asset protection aspects of individual retirement accounts under the Tax Cuts Jobs Act and recent important court decisions.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Designed For

CPAs and other interested persons who: wish to grasp IRA and retirement planning; engage in income and estate tax planning; prepare tax returns; and wish to personally retire from work before they die

Objectives

  • Learn IRA income and estate tax planning best maneuvers
  • Investigate available asset protection features of IRAs and how to keep them
  • Understand foundational requirements, operational boundaries, opportunities and pitfalls of both conventional and self directed IRAs and Roth IRAs
  • Explore what is possible and how to avoid what can go horribly wrong with self directed IRAs

Major Subjects

  • Deductible, nondeductible, spousal, conduit, traditional and Roth IRAs
  • Qualification requirements, investment restrictions and constructive receipt
  • Income tax reporting and disclosure rules and income tax withholding requirements
  • Early distribution penalties and how to avoid them
  • Conversion from traditional to Roth IRA, recharacterization and reconversion
  • New restrictions on recharachterization – How to not get hurt
  • Rollovers, trustee to trustee transfers to/from IRAs, qualified plans and decedents
  • Forced distributions (RMDs) at retirement and after death
  • Estate planning: Optimal beneficiary designations, avoiding IRD problems, funding marital bequests, special Roth features, charitable giving and estate liquidity
  • Proving basis in a nondeductible traditional or Roth IRA – What to do if you can’t
  • Taking the mystery out of prohibited transactions and preventing them
  • Taking the mystery out of prohibited transactions and preventing them
  • Self directed IRAs do’s, don'ts, upside, treachery – Oh, how sweet they can be

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.