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TCP203 – Individual Retirement Accounts

Course and Test $   75.00
Course and Test PDF $   55.00
Additional Hard Copy Test $   12.00
Additional Online Test $   12.00
SKU: TCP203 Category:

NASBA Color logo-1 inch

CPE Credit Hours: 4

Field of Study: Tax

Publication date: March 2022


Individual retirement accounts are investing tools that permit individuals to set aside money for retirement in a way that is preferential from a tax standpoint. This course reviews the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs. It describes who is allowed to open and contribute to an IRA account during the taxable year.

This course identifies when contributions are deductible, and when they are not deductible. It also describes the time allowed to rollover distributions, and the ramifications of not completing rollovers within the allotted time. Finally, this course describes when taxpayers are permitted to take distributions from an IRA account.

More Information

This is a self-study CPE course.
Program level: Intermediate
Prerequisites: Basic understanding of federal income taxation concepts.
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase