An Overview of Tax Practice Ethical Rules and the Office of Professional Responsibility (OPR)

$49.00

Target Audience:  CPAs, EAs 

Field of Study: Ethics (NASBA and IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 San diego, california, ON july 15, 2014, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

The Office of Professional Responsibility (OPR) delivered this seminar at the 2014 IRS Nationwide Tax Forum.

Circular 230 contains the standards of tax practice for all tax professionals. The OPR administers these practice standards and makes recommendations for practitioner discipline, when appropriate. This session will provide an overview of the jurisdiction and scope of Circular 230, the oversight responsibilities of the OPR, and the disciplinary process and sanctions. 

By the end of this presentation you will be able to:
  • Recall the statutory authority for OPR is found in Title 31 U.S.C. 330
  • Identify the subpart in Circular 230 that describes sanctions for violations 
  • Recognize which disciplinary sanction can be imposed against both employees and firms and recall when OPR first imposed this type of sanction against a firm
  • Select the groups over which OPR has jurisdiction

No prerequisites or advanced preparation are required for this seminar.

The New Form 706

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax Update, Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON AUGUST 1, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Small Business/Self-Employed operating division delivered this seminar at the 2013 IRS Nationwide Tax Forum.

This seminar will discuss changes to the Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, due to recent legislation. It will also provide an update on current program priorities and initiatives.

 

By the end of this presentation you will be able to:

  • Identify the Estate and Gift Tax applicable exclusion amounts and maximum tax rates
  • Name the new lines and items listed in Form 706 and explain the purpose of new Schedule PC
  • Distinguish the former “applicable exclusion amount” from the new “basic exclusion amount” on the Form 706
  • Demonstrate how you elect portability by correctly completing and timely filing Form 706

No prerequisites or advanced preparation are required for this seminar.

Return Preparer Fraud: Remedies for the Taxpayer

$0.00

Target Audience: CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 NEW ORLEANS, LOUISIANA, ON AUGUST 13, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

The Taxpayer Advocate Service (TAS) delivered this seminar at the 2013 IRS Nationwide Tax Forum.

Has your client been victimized by another preparer who has engaged in misconduct or fraud?  Unfortunately, a growing number of taxpayers are victims of these schemes.  This presentation will discuss the common types of preparer fraud, and describe how you can help clients resolve the resulting problems with the IRS.

By the end of this presentation you will be able to:

  • Describe four common scenarios involving return preparer fraud
  • List the four-part Beard Analysis which has become the accepted test for determining the validity of a tax return
  • Explain the steps to take and forms to file in order for a taxpayer to establish he/she is the victim of return preparer fraud
  • Recall TAS activity over the past year which addresses and combats return preparer fraud

No prerequisites or advanced preparation are required for this seminar.

Overview of 2013 Income Tax Changes

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax Update, Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON JULY 30, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Wage and Investment operating division delivered this seminar at the 2013 IRS Nationwide Tax Forum.

In this seminar, you will learn about the major tax law changes for 2013, including how they will affect tax forms and publications. Topics include the return of prior provisions, inflationary adjustments, Net Investment Income Tax (NIIT), Additional Medicare Tax (AdMT), business use of the home, taxpayer burden reduction and aggregate transaction reporting.

 

By the end of this presentation you will be able to:

  • Differentiate between phase-out limits for IRA contributions and threshold amounts for NIIT and AdMT for individuals and employers
  • List the standard mileage rates in 2013 taxpayers can use when operating their cars for business, medical or charitable purposes
  • Apply the new, optional safe-harbor method to figure the expenses for business use of the home
  • Explain how tax professionals and stakeholders can submit their ideas to the IRS for reducing taxpayer burden and improving service

No prerequisites or advanced preparation are required for this seminar.

Grab the Money and Run? Retirement Plan Loans and Harship Distributions

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON JULY 31, 2013, 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 2013 IRS Nationwide Tax Forum.

Learn about the tax rules governing loans and early distributions from retirement plans and IRAs, including: limits on loan amounts; rules for getting a hardship distribution; early distributions from IRAs; additional taxes you may incur; and what to do when loans do not go as planned.

 

By the end of this presentation you will be able to:

  • Explain when employees can access their retirement savings in times of financial need via loans and hardship distributions
  • List special rules which apply to employers who decide to offer loans and hardship withdrawals in a retirement plan
  • Compute maximum loan amounts and implement loan repayment schedules
  • Recognize how to fix a mistake in your retirement plan to avoid adverse tax consequences

No prerequisites or advanced preparation are required for this seminar.

Getting the Most Out of Child-Related Tax Benefits

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON AUGUST 1, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Wage and Investment operating division delivered this seminar at the 2013 IRS Nationwide Tax Forum.

Help your clients understand the qualification requirements for child-related benefits so they can accurately claim child-related benefits like the Earned Income Tax Credit, dependency exemption, Child Tax Credit, Child and Dependent Care Credit and education benefits.

By the end of this presentation you will be able to:

  • Recognize the child-related tax benefits available to eligible non-custodial parents with a qualifying child
  • Identify appropriate interview questions regarding your clients’ children so your clients can maximize the credits for which they qualify and avoid penalties which may apply if the tax return is filed inaccurately
  • Select the eligibility requirements that must be met in order to qualify for the American Opportunity Tax Credit
  • Indicate the tests included in the uniform definition of a qualifying child
  • Recall how long the child must have lived with the taxpayer during the year in order to meet the residency test

No prerequisites or advanced preparation are required for this seminar.

Doing the Right Thing: TIGTA, Integrity and You

$49.00

Target Audience:  CPAs, EAs

Field of Study: Ethics (NASBA and IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON JULY 31, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Treasury Inspector General for Tax Administration (TIGTA) delivered this seminar at the 2013 IRS Nationwide Tax Forum.

This seminar will explore the preparer’s role in helping to ensure the highest level of integrity in federal tax administration.  Participants will learn how TIGTA works with the IRS Office of Professional Responsibility and Criminal Investigation Division when allegations of misconduct by paid tax preparers and IRS employees are made. Participants will further learn when to report wrongdoing committed by IRS employees and paid preparers to TIGTA. 

 

By the end of this presentation you will be able to:

  • Describe TIGTA’s role in the investigation of alleged misconduct by tax preparers
  • Recognize and report misconduct committed by IRS employees or paid tax preparers
  • Clarify when to report potential risks to IRS employee safety
  • Identify and report to IRS spam email, fraudulent websites and other electronic and social engineering schemes

No prerequisites or advanced preparation are required for this seminar.

Collection Alternatives for your Small Business Clients

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON JULY 30, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Taxpayer Advocate Service (TAS) delivered this seminar at the 2013 IRS Nationwide Tax Forum.

The Taxpayer Advocate Service can help you help your small business clients in collection cases. This presentation will answer the key questions about these cases.

 

By the end of this presentation you will be able to:

  • Navigate the IRS collection maze – should you contact the Automated Collection System, a Revenue Officer, or someone else?
  • Advocate for the taxpayer – has the IRS provided adequate notice and given the taxpayer its right to be heard, or has the IRS unfairly labeled your client as non-compliant?
  • Resolve the taxpayer’s problem – is the best way an offer in compromise, installment agreement, or some other solution?
  • List the eligibility requirements to receive TAS assistance

No prerequisites or advanced preparation are required for this seminar.

Automated Underreporter (AUR) and Correspondence Examinations

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON JULY 31, 2013, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Small Business/Self-Employed operating division delivered this seminar at the 2013 IRS Nationwide Tax Forum.

This seminar will provide an overview of the Automated Underreporter (CP2000) and the Correspondence Examination audit processes, notices and emerging issues. AUR and Core Exam are two major compliance programs within the IRS Campus Reporting Compliance Organization.

 

By the end of this presentation you will be able to:

  • Identify similarities and differences between the AUR and Correspondence Examination programs
  • Outline the notice progression for both programs
  • Describe which options on the Practitioner Priority Service line handle AUR and Correspondence Examination questions
  • Differentiate between certain notices, such as Letter 566, CP 75, CP 2501 and CP 2000

No prerequisites or advanced preparation are required for this seminar.

2013 New Roth Conversion Opportunitites & Other Retirement Curveballs

$0.00

Target Audience:  CPAs, EAs

Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM PARTICIPANTS. IF YOU ARE NOT AN ENROLLED AGENT OR AN ANNUAL FILING SEASON PROGRAM PARTICIPANT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

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 GRAPEVINE, TEXAS, ON AUGUST 1, 2013, 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 2013 IRS Nationwide Tax Forum.

Learn how the decisions you make affect the long-term tax advantages of your retirement distributions: expanded opportunities for Roth conversions within your 401(k) plan; added value of a solo 401(k) plan; how getting beneficiary designations wrong may cost you; how inheriting an IRA and decisions you make regarding it will affect your tax bill; and how delaying Social Security could lead to a more secure retirement.

 

By the end of this presentation you will be able to:

  • Identify the types of retirement plans which allow within-plan Roth conversions to a designated Roth account
  • Recognize that a within-plan Roth conversion merely changes the account in which the monies are held and the tax character of that account, not the distribution restrictions on the amount
  • Compute the Unearned Income Medicare Contribution (UIMC) tax
  • List the distribution options for a retirement plan after the death of the plan participant

No prerequisites or advanced preparation are required for this seminar.

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