Individual Retirement Accounts - Video CourseCode: 20-IRAVID

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Course Details

4 Hr Video Self-Study

Individual Retirement Accounts Video Course Description and Learning Objectives

Description: Individual retirement accounts are investing tools that permit individuals to set aside money for retirement in a way that is preferential from a tax standpoint. This course will review the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. This course will describe who is allowed to open and contribute to an IRA account during the taxable year. This course will identify when contributions are deductible and when they are not deductible. This course will describe the time allowed to rollover distributions and the ramifications of not completing rollovers within the allotted time. Finally, this course will describe when taxpayers are permitted to take distributions from an IRA account.

Learning Objectives: at the end of this course, student will be able to:

  •          Identify the requirements for serving as a trustee for an IRA account
  •          Recognize the requirements for opening a traditional IRA account
  •          Recognize the maximum contribution that can be made by a taxpayer to an IRA account
  •          Calculate the amount of a partial deduction to an IRA account
  •          Identify when a taxpayer must start receiving distribution from an IRA account
  •          Calculate the amount of minimum distributions from an IRA account
  •          Recognize prohibited transactions for an IRA account
  •          Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account

Presentation Method: QAS Self-Study

Category: Taxes

CPE credit: 4 Hours

Program Level: Update

Prerequisites: None

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. 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 addressed to the National Registry of CPE Sponsors at their website, www.learningmarket.org

NASBA Sponsor number 108096

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