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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 406626
 
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IRS Form 1099-R Reporting Update

Live Webinar
November 5, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 40 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Gain a better understanding of how to accurately execute Form 1099-R and handle all of the situations that can arise.

Form 1099-R is a common form but most people who handle the form do not understand the ins and outs of it. Basic 1099-R forms are straightforward but it doesn’t take much for complications to set in. For example, when is a required minimum distribution required? What if the participant wants to roll their RMD into a charity? What if the account has after-tax basis? What about Roth conversions involving after-tax basis and partial withdrawals from a traditional IRA? What are the contribution limits and what happens if someone exceeds those limits? This topic will answer all of these questions and more. The IRS can assess penalties against issuers of Form 1099-R for failure to comply with the rules. A mistake on the form can also cost a taxpayer money. Therefore it is critical to know how to handle this form and deal with all of the situations that can arise.

Learning Objectives

• You will be able to define what a Form 1099-R is, when it must be filed, common pitfalls, and things to be aware of.

• You will be able to discuss what the boxes on the 1099-R mean; how to handle situations such as excess deferrals or excess contributions.

• You will be able to explain how to track after-tax basis and how to handle distributions from an account with after-tax basis.

• You will be able to recognize when a participant has made excess contributions into an IRA.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart