Tax Treatment of Individual Retirement Arrangements

Overview

ERISA, the Employee Retirement Income Security Act, created an individual retirement arrangement (IRA) to help those without employer-sponsored retirement plans save for the future. It later added spousal IRAs and Roth IRAs, which offer tax-free qualified distributions. This course covers traditional and Roth IRAs, including eligibility, contribution limits, tax considerations, conversions, transfers, and death benefit distributions.

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License or Certification 

 

Regulator 

 

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Objectives

  • Apply the rules governing eligibility for and contributions to traditional and Roth IRAs
  • Identify the requirements and benefits related to a spousal IRA
  • Apply the tax treatment rules concerning contributions to and distributions from traditional and Roth IRAs
  • Distinguish between traditional and Roth IRA distribution rules

Tax Year: 2024

Designed For:

CPAs, EAs, and other tax professionals


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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None