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IRAs: Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs (4151306B)
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"This comprehensive course is designed to provide a comprehensive review of the different types of individual retirement accounts (IRAs). The cornerstone of the course is an in-depth coverage of the contribution and distribution rules to the Traditional, Roth, Simplified Employee Pension (SEP) and Savings Incentive Match Plan for Employees (SIMPLE) IRAs. The course will also discuss the basics of the health savings account (HSA) as well as any newly enacted tax legislation related to IRAs. "

7/8/2015
When: 7/8/2015
9:30 AM - 5:00 PM
Where: Webcast/Webinar
Presenter: J Patrick Garverick, CPA, MT, CFP
Contact: April Deneault
801-834-6634


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This comprehensive course is designed to provide a comprehensive review of the different types of individual retirement accounts (IRAs). The cornerstone of the course is an in-depth coverage of the contribution and distribution rules to the Traditional, Roth, Simplified Employee Pension (SEP) and Savings Incentive Match Plan for Employees (SIMPLE) IRAs. The course will also discuss the basics of the health savings account (HSA) as well as any newly enacted tax legislation related to IRAs.


Objectives:


    Understand the different options for maximizing contributions to the various IRAs.
    Learn the tax ramifications of excess contributions to and early withdrawals from IRAs.
    Analyze the exceptions to early withdrawal penalties (before age 59 ).
    Understand the required minimum distribution (RMD) rules that apply to IRAs after the account owner turns age 70  or dies.

  
   

Major Subjects:


    Receive a comprehensive reference manual with numerous practice aids and real world case studies.
    Emphasis on newly enacted tax legislation affecting IRAs
    Learn the contribution limits and tax treatment of distributions to/from Traditional, Roth, SEP and SIMPLE IRAs
    Thorough coverage of deductible phase-out limits from Traditional IRA contributions for taxpayers that are active participants in qualified retirement plans
    Comprehensive discussion of the Roth IRAs contribution phase-out limits as well as tax-free qualified Roth distributions
    Discuss the planning opportunities for conversions to Roth IRAs
    Overview of rollover rules to/from different retirement accounts and the one-rollover-per-year limitation
    Learn the different options for receiving IRA distribution before age 59 1/2 and avoiding the 10% early distribution penalty (including substantially equal periodic payments)
    Detailed overview of the required minimum distribution (RMD) from IRAs needed to avoid 50% penalty after the account owner turns age 70 1/2 or dies
    Understand the different tax ramifications of spouse and non-spouse beneficiaries and how this affects the RMD calculation after the account owner's death
    Basic overview of health savings account (HSA) eligibility rules, contribution limits and distribution rules

         

Designed For:

CPAs, CFPs and professionals that advise clients on all aspects of IRAs and want to maximize retirement plan contributions, minimize the taxes on distributions and learn the ins and outs of distributions from these accounts.

Prerequisite:  General knowledge in individual/business income taxes and retirement accounts. 

Advanced Prep:  None

Speaker:  J Patrick Garverick, CPA, MT, CFP

Vendor: CalCPA

Field of Study: Taxes

Level:  Intermediate

CPE Credit: 8 Hours

Acronym:  IRAE

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

J. Patrick "Pat" Garverick began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University.  After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began his own tax and financial planning business as well as writing, reviewing and teaching tax and financial planning CPE training courses around the country.  As an award winning discussion leader, his knowledge, expertise and high energy have made him one of the profession’s highest rated speakers resulting in numerous perfect scores for both knowledge and presentation skills."

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