This course will review the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs.
This course will review the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs. This course will also describe who is allowed to open and contribute to an IRA account during the taxable year as well as when taxpayers are permitted to take distributions from an IRA account.
At the end of this course, students will be able to: • Identify the requirements for serving as a trustee for an IRA account • Recognize the requirements for opening a traditional IRA account • Recognize the maximum contribution that can be made by a taxpayer to an IRA account • Calculate the amount of a partial deduction to an IRA account • Identify when a taxpayer must start receiving a distribution from an IRA account • Calculate the amount of minimum distributions from an IRA account • Recognize prohibited transactions for an IRA account • Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account
Field of Study: Taxes
Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.
EA
Andrew is an Enrolled Agent and the President of both Andrew Clark Enterprises and Tax CE Publishing. Andrew has been involved in the CPE market since 2010. In addition to writing CPE programs, Andrew provides tax consulting and tax preparation services to clients in the Sacramento region. Andrew is also an entrepreneur and enjoys consulting with other entrepreneurs helping them to achieve success. Andrew enjoys both reading about taxation topics and creating easy-to-understand programs revolving around these complex concepts. He is also an in-demand lecturer due to his thorough understanding of the tax code and tax code changes.
