IRAs: What You Need to Know about ContributionsWebcast [IRA]

Full Description

IRAs: What You Need to Know about Contributions, Conversions and Distributions Webcast (IRA)

November 14th, 2022 / 10:30 am 12:15 pm

Webcast / Zoom

Join Greg White, CPA, as he covers the essentials of IRAs. Well go well beyond the basics to cover crucial topics: when to convert traditional IRAs to Roth IRAs, how to minimize tax on conversion, and when clients should recharacterize IRA contributions (and how to recharacterize). Well also discuss how to get a waiver for clients who fail to take a required minimum distributions and other traps in the IRA area including prohibited transactions, excess contributions, and impermissible investments.

Major Topics:
- Determine clients who are well suited for conversion from traditional to Roth IRAs.
- When should clients recharacterize IRA contributions?
- What special traps are present in the IRA area?
- How to receive a waiver for clients who failed to take the proper required minimum distributions.

Learning Objectives:
- Identify clients who should convert traditional IRAs to Roth IRAs.
- Identify clients who should recharacterize IRA contributions and how to recharacterize.
- Prepare waiver statements for clients who fail to take the required minimum distribution.

Designed For: CPAs and accounting professionals

CPE Credits: 2, Taxation

Level of Knowledge: Intermediate

Prerequisite: None

Acronym: IRA

Discussion Leader: Greg White, CPA

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