2014-2015 IRA & Individual Retirement Federal Tax Update (Currently Unavailable)

Author: Vern H.

Review the rules affecting traditional and Roth IRAs in this CPE course. Instructor Vern Hoven also discusses the current Tax Codes, cases and rulings affecting IRA and individual retirement plans.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients

Topics Covered

• Reviewing the rules affecting traditional and Roth IRAs.
• Identifying all the 2014 inflation adjustments that affect the amount that can be contributed into IRAs, Roth-IRAs, and individual retirement plans like 401(k)s.
• Marveling at the rule that allows qualified plans to transfer funds directly to a Roth-IRA.
• Analyzing the option permitting employees to contribute their elective deferrals into a Roth-IRA.
• Rejoicing at the new name for Spousal IRAs.
• Discussing excuses used by taxpayers to seek waiver of the 60-day IRA rollover requirement.
• And closing with an in-depth discussion on the exceptions to the 10% early withdrawal penalty.

Learning Objectives

• Recognize key tax changes affecting IRA and individual retirement taxation.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None