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Webinar(CA): Retirement Penalties and Rollover Issues

Description

Early distribution penalties and 60-day rollover failures are prevalent issues that tax preparers must handle despite the size of the firm or the wealth of your clients. There are penalty exceptions and waivers; but some issues have no possible resolution.
Note: This class presents an in-depth discussion of issues presented in the instructor’s class Retirement Distributions: Planning Options.

Learning Objectives

Recall exceptions from the 10% penalty for early distributions from retirement plans, IRAs and annuities.
Consider the far reach of the once per year rollover rule and what circumstances have fatal consequences.
Recognize the retirement plan information are furnished to IRS annually and what is not.
Determine how to prepare Form 5329 and start the statute of limitations on penalties.

Major Topics

History of the 60-day Rule and Recent Developments
Rulings and self-certification
Exceptions to the ten percent penalty
What the IRS knows: Forms 1099R and 5498
Form 5329 use and strategies

Provider
California CPA Education Foundation
Course Level
Basic
CPE Field of Study
Tax
2
Who Should Attend

CPAs, tax staff and other tax professionals.

Instructor(s)
Mary Kay Foss, CPA
Prerequisites

None

Advanced Preparation

None

Location
Webinar
Register Now
When
Aug 12, 2020
3:30 pm - 5:20 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$75.00

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$101.00
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Webinar(CA): Retirement Penalties and Rollover Issues


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