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IRA Conversions, Recharacterizations & Excess Contributions

This session will demystify IRA conversions, recharacterizations, and excess contribution corrections and give you the knowledge to confidently handle IRA owner questions and requests.

Oct 16, 2018 02:00 PM   -­­  Oct 16, 2018 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Compliance

Register

Description

The difference between an IRA conversion and an IRA recharacterization contribution can be confusing to accountholders and tax advisors. The allowable methods to correct excess contributions and the deadlines to avoid can also be perplexing and difficult to explain. In addition, recent tax legislation has eliminated the ability to recharacterize IRA conversions and retirement plan rollovers made on or after January 1, 2018. This session will demystify IRA conversions, recharacterizations, and excess contribution corrections and give you the knowledge to confidently handle IRA owner questions and requests.

Learning Objectives

  • Difference between a conversion and a recharacterization
  • How to properly report conversions and recharacterizations
  • How recent tax legislation affects conversions and retirement plan rollovers
  • Difference between a true and deemed IRA excess contribution
  • How to properly correct and report IRA excess contributions
  • Penalties for failing to correct IRA excess contributions in a timely manner

Speaker

Frank J. LaLoggia, LaLoggia Consulting, Inc.

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.