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Course/Product Description
Title:

IRA Audit and Compliance

SKU:WT- 1000737
Format: Webcast/Audio Conference/Interview/Podcast
Description:

IRA Audit and Compliance

The IRS is losing patience - especially with financial institutions that don't complete IRA 1099-R and 5498 IRS forms correctly. The Treasury Inspector General for Tax Administration (TIGTA) estimates over $1,000,000 in additional taxes could be collected on IRA distributions that haven't been taken.

When the IRS actually contacted IRA accountholders who were noncompliant in taking their RMDs in 2011-2012, they discovered almost 16% indicated the information on their 5498 from their IRA custodian/trustee was incorrect. Do you know what that means?

The IRS is increasing penalties to financial institutions if they file incorrect 1099-R and 5498 reporting. If you don't want your financial institution writing checks to the IRS for filing errors, this webinar should be a "must attend"!!

Covered Topics:

  • IRA forms to be kept on record by your financial institution, and the accountholder's required disclosures and forms.
  • What are the IRA accountholder notices that must be sent out in a timely manner?
  • How to audit your IRA department for expertise, form use, procedures and work flow.
  • Line-by-line instructions on 5498 and 1099-R reporting - What’s required vs. what’s optional?
  • How and when to correct IRS reporting to avoid increased IRS fines to your financial institution.
  • The most common errors hiding in your IRA customer files.
  • Forms and tools for auditing your IRA files.
  • 2015 IRA Cost of Living Adjustments.


Who Should Attend:

IRA personnel in New Accounts, CDs, Trust, and Investments, and auditors involved with the operation, administration or internal auditing of IRA accounts. Intermediate-to-advanced level, with a minimum of two years' experience recommended. It is assumed participants have a working knowledge of IRAs.

You are encouraged to bring a sample of the IRA forms your financial institution uses for your review during the session, including: IRA Distribution forms, Annuals Notices and any other forms you may have questions about - including a copy of the 1099-R and 5498 forms you use.

"I highly recommend this webinar.  The presenter was very knowledeable and easy to understand, provided the information I needed, answered my questions and love the cheat sheets!" -Koni S., Rabobank


The Presenter:

Patrice M. Konarik is president of Sunwest Training Corp. founded over 20 years ago near San Antonio, Texas. With over 30 years experience in the financial industry, Patrice brings expertise in the areas of retirement and new accounts, and provides live training and webinars on these topics nationwide. Many state banking associations and other organizations use her as their main source for training on these complicated subjects.

Patrice earned a BS in Management Science from New York's Binghamton University. Her upbeat personality and banking experience facilitate interaction and questions during training sessions.

About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
IRA Audit and ComplianceCD/On-Demand$295.00

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