When IRA Mistakes Become Permanent: Tax Consequences​ and Planning Solutions

2 IRS CE/CTEC/NASBA CPE*

Mistakes involving IRAs and retirement plan distributions frequently can be corrected through IRS-approved remediation procedures. However, some retirement account errors are irreversible and can trigger substantial income taxes, early distribution penalties, lost tax benefits, accelerated distributions, and significant wealth erosion. This program examines "fatal" IRA mistakes, focusing on situations where no corrective action is available after the transaction occurs.
Participants will explore the technical tax rules governing inherited IRAs, spousal rollovers, the one-rollover-per-year limitation, property rollover requirements, Roth conversion irrevocability, Net Unrealized Appreciation (NUA) planning, and IRC §72(t) substantially equal periodic payment plans. The webinar emphasizes practical planning strategies, advisor due diligence, and pre-transaction analysis techniques designed to prevent costly errors before they occur. Real-world examples and case studies will illustrate the severe tax consequences that can result when these rules are overlooked.
This course is appropriate for CPAs, Enrolled Agents, Attorneys, financial professionals, and other tax practitioners who advise clients on retirement distributions, estate planning, retirement income strategies, and wealth transfer planning.

"Our best deal is always to become a monthly subscriber"
https://www.taxpracticepro.com/join-now

*Self-Study recording available for IRS CE Credit only (NO CPE)

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-TBA
CTEC Course #: 6248-CE-TBA