A Taxing Matter - Retirement
Target Audience: CPAs, EAs, RTRPs
Field of Study: Taxation (NASBA); Federal Tax (IRS)
Seminar Level: Beginner
IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN Atlanta, georgia, ON JULY 11, 2012, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Employee Plans office of the Tax Exempt and Government Entities division delivered this seminar at the IRS Nationwide Tax Forum in July 2012.
Learn about the taxable issues that may affect your clients at retirement, including: types of distributions; working after retirement; how distributions may affect the taxability of your Social Security; special situations – Roth, required minimum distributions; and 1099-Rs and what all those codes mean.
By the end of this presentation you will:
- Know the specifics of hardship distributions and loan taxation
- Learn how new guidance makes it easier to offer a combination of lump-sum and annuity retirement distributions, as well as longevity annuities
- Understand the requirements for contributing to a retirement plan or IRA after retirement
- Learn the common Form 1099-R Box 7 codes
No prerequisites or advanced preparation are required for this seminar.