Hottest IRA Issues: Reporting, Compliance & Required Minimum Distributions

Compliance Frontline & New Accounts Human Resources IRA Operations

On-Demand Webinar

StreamedNov 12, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Do you know how to calculate IRA RMDs?

Do you know what you should and should not do and say about them? What about the reporting and statement requirements necessary to avoid potential fines and penalties? This real-world session will answer those questions (and more), review IRA withholding rules, and address common compliance concerns to help you hone in on red flags and preempt common IRA owner mistakes.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Recite key operational considerations related to IRA owner required minimum distributions (RMDs)
Define the IRA balance for an RMD calculation
Arrive at an IRA owner’s life expectancy factor for an RMD calculation
Recall how an RMD is calculated
Identify the IRS reporting deadlines for IRS Forms 1099-R and 5498
List the annual statements and reports IRA providers are required to supply to IRA owners and beneficiaries
Explain how withholding requirements are met at your financial institution

WEBINAR DETAILS

This timely webinar will bring you up to date on issues surrounding IRA reporting, compliance, and required minimum distributions. Presented in an easy-to-understand format, it will help ensure that you and your organization are current on your reporting, participant notifications, and other compliance responsibilities. Go beyond the basics of the IRA required minimum distributions rules with this explanation of several complex RMD rules that often trip up IRA owners and financial organizations.

WHO SHOULD ATTEND?

This webinar is targeted to those who answer operational questions, spot-check IRA owner RMD exception reports, generate IRA owner statements and reports, prepare IRS reporting files, build reports for outside reporting agencies, process IRA owner distributions, field questions resulting from interactions with IRA owners, and hold securities and insurance licenses.

TAKE-AWAY TOOLKIT

Instrument for calculating required minimum distributions
IRA reporting tool
Step-by-step IRA withholding tool
Slides include quick links to:
- Life expectancy tables for RMD calculations
- IRS Forms 1099-R and 5498
- IRS Forms 1099-R and 5498 reporting instructions
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.