This can’t-miss session about traditional and Roth IRA reporting
responsibilities will be presented in easy-to-understand terms to ensure your
financial institution is up-to-date on reporting and compliance issues. It will
address traditional and Roth IRA governmental reporting requirements,
participant notices, and statement requirements. From 1099-R and 5498 reporting,
to RMD and beneficiary distribution reporting, this session will cover a lot of
ground! Learn about common reporting mistakes and correction methods to meet
your compliance responsibilities.
- Review of IRS Forms
1099-R and 5498, reporting requirements, and deadlines o Will include any
late-breaking reporting changes
- Required IRA statements and notices,
including account statements, fair market value statements, and RMD statements
and notice requirements
- Reporting and notice requirements for
- How to correct IRA excess contributions
- Reporting and
notice deadlines and potential penalties for missing them
- How to handle
reporting mistakes and properly make corrections
Frank J. LaLoggia, LaLoggia Consulting, Inc.
Live and recorded webinar, handouts, quiz with answer key and training log are included.