CLE on IRA Compliance Issues Including IRA Trust Violations
WHY ATTEND?
Government reports from the Treasury Inspector General forTax Administration and theGovernment Accountability Office reveal a significant amountof noncompliance fromtaxpayers who make excess contributions to IRA accounts andfrom taxpayers who failto receive required minimum distributions.
The IRS is developing a significant long-term complianceinitiative to reduce this growingnoncompliance involving retirement accounts. This strategyincludes the developmentof techniques to identify individuals who are not incompliance. The initiative will alsoinclude education components and outreach programs.
Seymour Goldberg, the featured speaker at this program, iswell known and highlyrespected for his expertise in retirement distributionplanning and compliance. He willprovide the guidance practitioners need to effectivelyadvise their clients. As a BONUS,his just written manual for the American Bar Association,IRA Guide to IRS ComplianceIssues Including IRA Trust Violations, will be given toregistrants as part of the coursematerials at no extra cost.
PROGRAM TOPICS INCLUDE:
- Commencement of the IRS audit initiative infiscal 2013 on IRA noncompliance
- (including outreach initiatives)
- Statute of limitations involving IRA penalties
- Professional responsibility and ethics issues
- Tax preparer responsibility and Circular 230issues
- Personal liability of the fiduciary for debts tothe U.S. Government
- Early distribution penalty violations
- Required minimum penalty violations
- Waiver distribution procedure of the requiredminimum penalty
- Excess contribution violations .
- Important IRA distribution tax trap to knowabout
- IRA trust checklist and practitioner tips
- Disclosure issues and IRA trust violations
- And much more. . . .