Tax Issues: IRA Rollovers and Conversions


Financial professionals who understand the rollover market will find themselves with a large pool of potential clients. IRAs are often the largest financial asset that individuals own. The decisions that IRA owners make are critically important to their future financial security, which is why many people will seek out financial professionals with rollover expertise to help them protect and grow these assets.

The purpose of this course is to provide an understanding of IRA rollover taxation issues along with practical information that will enable financial professionals to help clients make decisions regarding their retirement plan assets. Of equal importance, this course will explain important rules governing the ongoing management of IRA rollovers to ensure that clients do not inadvertently subject their prized assets to unintended penalties and taxes.

Learning Objectives

After completing this course, you will be able to:

  • compare and contrast the taxation and other characteristics of traditional IRAs and Roth IRAs
  • recognize the types of investments that can be utilized for IRA accounts
  • identify what types of retirement plan accounts can be rolled into an IRA
  • understand the tax implications and timing rules that affect both the direct and indirect rollover methods
  • distinguish how trustee-to-trustee transfers differ from rollovers
  • recognize how the one-rollover-per-year rule works

Designed For

Practicing CPAs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel
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