Tax Treatment of Individual Retirement Arrangements
Field of Study:
Tax Treatment of Individual Retirement Arrangements is an online course that examines the taxation of individual retirement
arrangements (IRAs). In so doing, it discusses traditional and Roth IRAs, addressing the federal rules concerning: contribution
limits and tax treatment; tax treatment of traditional IRA distributions, including regular, early and lifetime required minimum
distributions; tax treatment of qualified and nonqualified Roth IRA distributions; required distributions at death; and IRA
rollovers. A final examination covering the course material is administered.
After completing this course you will be able to:
- Recognize the rules governing eligibility and permitted contribution levels applicable to traditional IRAs;
- Identify the requirements and benefits related to a spousal IRA;
- List the rules governing the tax treatment of contributions to and distributions from a traditional IRA; and
- Recognize the traditional IRA distribution rules.
- Identify eligibility and permitted contribution levels applicable to Roth IRAs;
- Recognize the tax treatment of contributions to and distributions from Roth IRAs; and
- Identify Roth IRA distributions.
General understanding of federal income taxation.
Type of Delivery Method:
QAS Self Study
Recommended CPE Credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and the final examination.
Web CPE 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 the 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