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IRA Annual Update - Staying Informed

Date: Friday January 24th 10:00 am - 11:30 am CT | Cost: $195 and 2 CE Credits

IRA Annual Update - Staying Informed

Attending this Webinar keeps you updated on all the changes that apply to IRAs for the 2020 tax year. You will also hear a detailed explanation of procedures and reporting for the more complicated areas of IRA transactions. This will lower the amount of corrections you have to do when the member gets an unnecessary letter and bill attached because of a mistaken code we used on the 5498 or 1099-R reporting.

Covered Topics:

- What are the legislative updates for 2020?
- Clarifying reporting of Qualified Charitable Distributions to the IRS and why they will become more prevalent over the next couple of years.
- What are the mandatory notices and reporting to be distributed to IRA accountholders in January 2020?
- What is the constant danger in confusing the “IRA direct transfers” terminology with “QP direct rollovers”?
- Why are IRA accountholders getting so many unnecessary letters and bills from the IRS?
- What do we do when a member demands a reporting correction when our reporting is actually correct?
- If there was a credit union error in the reporting, how do we correct it?
- How many years can we go back and correct our reporting mistakes?

Who Should Attend: This update is a vital necessity for anyone in the position of answering IRA questions as a representative of the credit union - including the member service reps, operations personnel, branch managers and member call center employees

Speaker: Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Patrice has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many financial associations and other organizations use her as their main source for training on these complicated topics.

Webinar 20 Paid

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IRA Annual Update - Staying Informed

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