Understanding IRAs and Qualified Retirement Plans After the Secure Act 2020 (Audio)

  • Credits: 2
  • Format: Self-Study Audio
  • Field of Study: Federal Tax Law
  • Author/Speaker: Art Werner
Available Formats:        
Advanced Preparation: None
Experience Level: Basic 
Program Prerequisites: General Understanding of IRA's
Course ID: EWTFM-T-01910-22-S | 6233-CE-0620 | WR-355.22-SA
Published Date: April 2022*

This is not a class on what is an IRA. As a CPA, Enrolled Agent, Attorney, or tax preparer you already know what an IRA is. Most of you think of an IRA as an Individual Retirement Account, I want you to think of it as an Individual Retirement Arrangement. So what's the difference? You can have multiple IRA accounts in multiple locations, banks, and brokerage houses. You can have it set up as a traditional, non-deductible, or even as a Roth IRA all of which is completely acceptable. But when we look at contributions as an example it's not a contribution to a specific account it's the total contribution to the arrangement. So, why would I do all of these IRAs when I can set up a qualified plan that allows me greater contributions. Qualified plans include full-time employees and after the security act, the calculations for determining full-time employees have changed. Join us as we travel across the traps and pitfalls to success in determining which one is the best for your unique situation.

Learning Objectives:

After reading the course material, you will be able to:

  • State the difference between an IRA and a qualified Plan.
  • Identify how much I can put into an IRA
  • Identify the pitfalls of early withdrawals.
  • Identify the traps of Roth Conversion.
Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: