IRAs and Roth IRAs - Cradle to Grave How to Sock It Away and Make It Count (Full-Day Program) (Completed)

Date: Monday, July 16, 2018
Instructor: Bradley Burnett
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  8 hours for CPAs
8 hours Federal Tax Law Updates for EAs and OTRPs
8 hours Federal Tax Updates for CTEC
8 hours Income Tax Planning for CFP

What Does Tax Reform Mean for Retirement Planning with IRAs of all Stripes?
This two-hour CPE webinar led by experienced instructor and practitioner Bradley Burnett, J.D., LLM. is for anyone desiring to brush up on and deepen their knowledge of IRAs and Roth IRAs and learn the stunningly lucrative opportunities, compliance obligations and devastating pitfalls to avoid. Now more than ever your clients are looking to you for solid advice in changing times.

What About Self-Directed IRAs?
Additionally, the webinar will dedicate a portion of the day to self-directed IRAs. Self-directed IRAs and other retirement arrangements are becoming more and more the rage and for good reason. Fortunes are to be made and kept. Or lost. Examples of how to be or not to be (answering Shakespeare’s question) are piling up. Are self-directed IRAs worth the risk? Oh yes, if approached properly. But, how to not detonate the explosives?

Does Tax Reform under the Tax Cuts and Jobs Act Change Anything?
This full-day program will also review the impact of the Tax Cuts and Jobs Act of 2017 on retirement planning with IRAs, Roth IRAs and self-directed IRAs. Mr. Burnett will go over the latest developments, planning steps to take now, and a look at how to best advise your clients during these changing times.

Who Should Attend
All CPAs, EAs, tax professionals, financial planners, and those who are charged with development retirement plans for clients.

Topics Covered

  • IRAs and Roth IRAs set up, operation, contributions, withdrawals and estate planning
  • How did the Tax Cuts and Jobs Act affect IRAs (because it did)?
  • §401 (qualification), §408 (no collectibles), §4975 (no life insurance), §4975 (prohibited transactions), §512 (UBIT), §513 (unrelated trade or business), §514 (unrelated debt-financed income) and more
  • Self directed features for Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, Individual 401(k)s and HSAs
  • Avoiding befuddling pitfalls: Sale or lease to IRA; receiving management fee; borrowing; using IRA as security (hot one); transfers to disqualified person(s); extending credit (crazy dangerous); providing immediate financial gain to account holder or related person (what does that mean?)
  • Which can be put in or must be left out? Limited partnerships; venture capital; private stock; business startups (ever hear of a ROBS transaction?); LLCs; privately held enterprises; real estate (residential; rentals; undeveloped land; foreclosures; commercial; rehabs; lease options; loans (mortgage loans; promissory notes; deeds of trust; business loans); precious metals (gold; silver; platinum; palladium); brokerage accounts; oil and gas; crops; timber; blockchain (bitcoin)
  • Asset protection benefits and avoiding prohibited transactions
  • What is the financial institution (e.g., Merrill Lynch) packet of forms debacle and how can it be avoided?
  • Financial freedom or flailing faux pas? Which is your fate?

Learning Objectives

  • Learn the federal tax rules, planning opportunities, compliance obligations and pitfalls of IRAs and Roth IRAs, with additional emphasis on self directed accounts
  • Explain how self-directed IRAs can be used in retirement planning
  • Outline the impact of the Tax Cuts and Jobs Act of 2017 on IRAs and retirement planning


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts and tax-advantaged retirement savings plans.

Advance Preparation

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