Learning Objective: After completing this course the student will be able to determine an individual’s qualifications to make a Roth IRA contribution and the statutory and AGI limits on the contribution amount. Traditional IRA conversions and recharacterizations are studied including the application of the 5-year aging period for converted funds. The course also studies the application of the saver credit, qualified distributions, non-qualified distribution penalties, distribution ordering rules, beneficiary distributions and the interaction with Roth qualified plans (401(k) and 430(b)).
CPE Hours: Federal Tax Subject = 2 CPE Credits / Total = 2 CPE Credits
Accreditation: CTEC, IRS, Enrolled Agents, NASBA CPA
Field of Study: Federal Tax Subject
Publication Date: 2/1/2020
Instructional Delivery Method: Self-Study
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr.
Course Material: A copy of the course material is available for download under the Additional References tab.
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Certified Public Accountants: ClientWhys is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
ClientWhys is an approved provider for IRS, NASBA QAS, CTEC and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS and CRTPs.
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