Tax Treatment of Individual Retirement Arrangements (Currently Unavailable)

Author: Paul J. Winn

Find out what you need to know about the tax treatment rules concerning contributions to and distributions from traditional and Roth IRAs and how to apply them.

Publication Date: September 2018

Designed For
Tax practitioners; including Enrolled Agents and Registered Tax Return Preparers.

Topics Covered

• Traditional IRA Eligibility Rules
• Earned Income Defined
• IRA Contribution Limits
• Traditional IRA Contribution Deductibility
• Saver's Tax Credit
• Effect of Tax Deferral on Accumulation
• Traditional IRA Rollover Rules
• Traditional IRA to Roth IRA Conversions
• Traditional IRA Distribution Taxation
• Premature Distributions
• Non-Deductible Contribution Taxation
• Traditional IRA RMDs
• Traditional IRA RMDs at Death
• Roth & Traditional IRAs Compared
• Roth IRA Contribution Limits
• Roth IRA Contribution Limits (Unmarried)
• Roth IRA Contribution Limits (MFJ)
• Roth IRA Tax Treatment
• Roth IRA Qualified Distributions Tax Free
• Roth IRA Nonqualified Distributions Get FIFO Treatment
• Roth IRA Premature Distribution Tax Penalty
• Roth IRA RMD Rules
• Roth IRA Spousal RMD Rules

Learning Objectives

• Recognize and apply the rules governing eligibility for and contributions to traditional and Roth IRAs
• Identify the requirements and benefits related to a spousal IRA
• Recognize and apply the tax treatment rules concerning contributions to and distributions from traditional and Roth IRAs
• Distinguish between traditional and Roth IRA distribution rules

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None