Online CPE Course Covering Roth IRAs

Delivery Method: Self-Study

This course explores the various aspects of the Roth IRA and Qualified Roth Contributions to 401(k) and 403(b) plans in light of the removal of the conversion limits for years after 2009. It includes the special taxing routine for 2010 conversions and looks at the intricacies of the 5-year aging rules, distribution ordering rules, beneficiary rules, non-qualified distribution taxation and penalty rules and interaction with qualified Roth plans. Also included are planning considerations for conversions. This is a must course; it will help you deal with all of the questions your clients will have related to Roth IRAs in 2010 and later years.

Final Exam Grading Policy - Course material must be completed within 12 months of purchase. A score of 70% or better is needed for passing. The completion certificate will be automatically generated by the system.

Oregon TP - Please note this course is approved for 2 hours of CE credit per the Oregon State Board of Tax Practitioners.

This text is divided as follows:

Overview 2
Contributions and Limits 2
Qualifications 2
Roth Contribution Limits 3
AGI Phase-Out 3
Modified AGI 3
Example Phase-Out Computation 4
Circumventing the AGI Phase-out 4
Contribution Due Date 4
Saver�s Credit Qualification 4
Excess Contributions Penalty 4
Exceptions 4
Conversions to Roth IRA Accounts 4
Post-2009 Conversions 5
Special Rules for 2010 5
Pre-2010 Conversions 5
Strategy � Segregating Deductible & Non-Deductible Traditional IRA Contributions 5
Taxability of Conversion 5
Converting Simple IRAs 5
Paying the Tax on the Conversion 5
Review Questions � Part One 6

Recharacterization Guidelines 8
Using the Recharacterization Rule 9
Undo a traditional-IRA-to-Roth-IRA conversion 9
Convert a Roth IRA Contribution into a Traditional IRA Contribution 9
Convert a Traditional IRA Contribution into a Roth IRA Contribution 9
Use as Income Diversion Tool 9
Limits on Reconversions 10
Subsequent Reconversions 10
Exceeding the Limit on Reconversions 10
Conversion Impact on Other Tax Consequences 10
Factors Impacting the Conversion Analysis 11
Impact on Estate Tax and Beneficiaries 11
Roth Distributions - Qualified 11
Qualified Distribution 11
Review Questions � Part Two 12

Five-Year Qualifying Period 14
Converted IRAs 14
Corrective Distribution 14
Exceptions 14
Beneficiaries 14
Designated Roth Account 15
Non-Qualified Distribution Penalty 15
Ordering Rules for Withdrawals 15
Aggregation Rules 16
Recharacterized Contributions 16
Minimum Required Distributions 16
IRA Owners 16
Beneficiaries 17
Form 8606 17
Qualified Roth Contribution Programs (Roth 401(k) and 403(b) Plans) 17
Excess Deferrals 18
Taxation on Distributions 18
Roth Conversion Check List 19
Review Questions � Part Three 20

By completing this course, a student will learn the various aspects of the Roth IRA and Qualified Roth Contributions to 401(k) and 403(b) plans in light of the removal of the conversion limits for years after 2009. It includes the special taxing routine for 2010 conversions and looks at the intricacies of the 5-year aging rules, distribution ordering rules, beneficiary rules, non-qualified distribution taxation and penalty rules and interaction with qualified Roth plans. Also included are planning considerations for conversions. This is a must course; it will help you deal with all of the questions your clients will have related to Roth IRAs in 2010 and later years.

CTEC
NASBA
IRS - Enrolled Agents
Oregon TP

CPE40610 - Roth IRAs Online CPE Course