IRA Update

(www.bankwebinars.com)

The year 2010 will be arriving soon, and with the New Year come some new changes to IRAs. The Tax Increase Prevention and Reconciliation Act signed into law in 2006 will implement income adjustments to the Roth IRA Conversion rules. There are also some reporting changes on the IRA reporting forms to the IRS. There may also be some cost of living adjustments to the products by year end. All this information plus any new releases will be thoroughly discussed during this two hour webinar.
What You Will Learn:

* What are the 2010 contribution limits and cost of living adjustments for Traditional, Roth and SEP IRAs?
* What is the difference between a Traditional to Roth "conversion" and a QP to Roth "rollover"?
* What is the tax break for Roth Conversions in 2010?
* How should Qualfied Charitable Distributions, Health Funding Distributions and QP direct rollovers be reported?
* What is the difference between a nonspouse beneficiary moving money from an employer plan to an IRA vs. an IRA to an IRA?
* Who is responsible for the deceased owner's RMD in the year of death?
* Whose name and SSN should appear on the 1099-R when reporting death distributions?

This interactive session will allow time to answer your questions regarding IRA issues you encounter on a regular basis.