IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Why Everything You Know About Roth Conversions May Be Wrong (OnDemand Webinar)

$149.00

SKU: 409877EAU

Description

Understand the rules regarding Roth IRAs and Roth 401(k)s and why they should be part of your strategy.Developing an effective retirement plan to meet individual savings objectives is complicated. Different rules apply to different types of plans and accounts, and these rules are frequently confused and misunderstood by clients and advisors, causing unexpected or negative consequences. Understanding the advantages Roth accounts have in retirement planning strategy is important, yet it is often overlooked because of the confusion and complexity. This course will help you understand the rules regarding Roth IRAs and Roth 401(k)s and why they should be part of your strategy. Learn how to determine who can contribute directly to Roth accounts and who needs to look for backdoor solutions. This material will also help you identify pitfalls that could jeopardize a taxfree conversion, help you ask the right questions, and provide the right advice regarding the taxable portion of a conversion. In addition to exploring the rules regarding getting money into Roth accounts, we will explore the why and identify the ideal candidates for Roth investments.

Date: 2022-07-13 Start Time: End Time:

Learning Objectives

Traditional vs. Roth Retirement Savings
• Who Is Eligible to Make Traditional IRA Contributions?
• Who Is Eligible to Make Roth IRA Contributions?
• Who Is Eligible to Make Roth Contributions to an Employer-Sponsored Plan?
• Taxation of Roth Distributions • Qualified Distributions and the Roth Clock

Roth IRA Conversion Basics
• What Is a Roth IRA Conversion?
• Who Is Eligible to Do a Roth IRA Conversion?
• Calculation of Basis in IRA Accounts
• Backdoor Roth IRA Contributions
• Recharacterization

Planning Opportunities to Reduce or Eliminate Taxation on Roth IRA Conversions
• Identification of IRA Accounts to Determine Possible Taxation of Conversion
• Rollover Techniques to Eliminate Taxable IRA Accounts

Roth 401(k)s, 403(b)s and Governmental 457(b)s
• In Plan Roth Conversions the Mechanics
• Tax Consequences
• Mega Backdoor Roth 401(k) Contributions

Why Roth?
• Identify Idea Candidates for Roth Accounts
• Looking Beyond the Marginal Tax Rate
• Roth Accounts in Estate Planning

AIPB ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Mary Mlock, CPA-BST

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Why Everything You Know About Roth Conversions May Be Wrong (OnDemand Webinar)

$219.00

SKU: 408755EAU

Description

Understand the rules regarding both Roth IRAs and Roth 401(k)s and why they should be part of your strategy.Developing an effective retirement plan to meet individual savings objectives is complicated. Different rules apply to different types of plans and accounts and these rules are frequently confused and misunderstood by clients and advisors causing unexpected or negative consequences. Understanding the advantages Roth accounts have in retirement planning strategy is important, yet it is often overlooked because of the confusion and complexity. This topic will help you understand the rules regarding both Roth IRAs and Roth 401(k)s and why they should be part of your strategy. Learn how to determine who can contribute directly to Roth accounts and who needs to look for backdoor solutions. This material will also help you identify pitfalls that could jeopardize a taxfree conversion and help you ask the right questions and provide the right advice regarding the taxable portion of a conversion. In addition to exploring the rules regarding getting money into Roth accounts, we will explore the why and identify the ideal candidates for Roth investments.

Date: 2021-06-16 Start Time: End Time:

Learning Objectives

Traditional vs. Roth Retirement Savings
• Who Is Eligible to Make Traditional IRA Contributions?
• Who Is Eligible to Make Roth IRA Contributions?
• Who Is Eligible to Make Roth Contributions to an Employer-Sponsored Plan?
• Taxation of Roth Distributions • Qualified Distributions and the Roth Clock

Roth IRA Conversion Basics
• What Is a Roth IRA Conversion?
• Who Is Eligible to Do a Roth IRA Conversion?
• Calculation of Basis in IRA Accounts
• Backdoor Roth IRA Contributions
• Recharacterization

Planning Opportunities to Reduce or Eliminate Taxation on Roth IRA Conversions
• Identification of IRA Accounts to Determine Possible Taxation of Conversion
• Rollover Techniques to Eliminate Taxable IRA Accounts

Roth 401(k)s, 403(b)s and Governmental 457(b)s
• In Plan Roth Conversions the Mechanics
• Tax Consequences
• Mega Backdoor Roth 401(k) Contributions

Why Roth?
• Identify Idea Candidates for Roth Accounts
• Looking Beyond the Marginal Tax Rate
• Roth Accounts in Estate Planning

AIPB ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Mary Mlock, CPA-BST