Tax Treatment of Individual Retirement Arrangements

This course examines the taxation of individual retirement arrangements (IRAs). In so doing, it discusses traditional and Roth IRAs, addressing the federal rules concerning: contribution limits and tax treatment; tax treatment of traditional IRA distributions, including regular, early and lifetime required minimum distributions; tax treatment of qualified and nonqualified Roth IRA distributions; required distributions at death; and IRA rollovers.

Upon completion of this course, you should be able to:

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