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Wisconsin Credit Union Foundation

IRA Reporting, Common Issues & Error Resolution

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.

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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Operations
  • Compliance

Purchase

Description

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.

Learning Objectives

  • 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 beneficiaries
  • 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

Speaker

Frank J. LaLoggia, LaLoggia Consulting, Inc.

Investment 

$259.00