Vermont Society of Certified Public Accountants
Cart: 0 items

Courses

Surgent's Guide to the Fundamental Rules of Tax-Free Roth 401(k)s (IRA3)

« View All Courses Add to Calendar

Register

Member Price: $0.00
Non-Member Price: $0.00

view cart

Date/Time:
Jul 17, 2018, 1:00pm–3:00pm
Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
Level:
Intermediate
Like Roth IRAs, contributions to designated Roth accounts (DRA) - including Roth 401(k)s - are made with funds that have already been taxed and qualified distributions are tax-free. Roth 401(k)s are becoming increasingly attractive to small business owners and plan participants who are looking to capitalize on the potential tax-free nature of growth and Roth IRA contributions. Interested parties can help to maximize the Roth benefits and avoid pitfalls by ensuring that the applicable rules are followed.

Objective

  • Learn how Roth IRA contributions can be made and who were eligible to make those contributions
  • Identify the operational and compliance requirements that apply to Roth conversions
  • Understand the limitations that apply to recharacterizing Roth activity
  • Know the impact of changes to the recharacterization rules under the Tax Cuts and Jobs Act of 2017
  • Understand the transfer or rollover rules that apply to Roth IRAs and Roth 401(k)s
  • Know the beneficiary options that apply to Roth accounts

Highlights

  • General technical rules that apply to designated Roth accounts (DRA)
  • Operational requirements that apply to DRAs
  • In-Plan Roth rollovers
  • DRA distribution rules
  • Qualified vs. nonqualified distributions
  • Key differences between DRAs and Roth IRAs
  • DRAs and rollover contributions
  • Beneficiary options for Roth accounts

Designed For

Financial advisors, tax professionals, and individuals who support IRAs and employer plans (employees of financial institutions who answers questions about and handle transactions for IRAs and employer plans)

Prerequisite

A basic understanding of individual income tax

Advanced Preparation

None
back to list