IRAs: What You Need to Know about ContributionsWebcast [IRA]
Nov 14, 2022
Time: 10:30am-12:15pm
Time: 10:30am-12:15pm
Subject:
TaxationCredit Hours:
2.00Price:
Member: $100.00
Non-member: $150.00
Discussion Leader: Greg White, CPA
Website registration for this course closes on November 13, 2022. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
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