SOCIAL DISTANCE PRICING — We know it's not always possible to train in a group setting right now, so we're offering additional user logins for $25 each. If you need more than 5, contact us to purchase.

Have you completed this webinar? Please tell us what you think.

Course description

During this one-hour webinar we will look at the changes brought to IRAs and HSAs in the CARES Act.  Second, we will examine the new IRA/HSA tax filing deadlines in the IRS Notice 2020-18.  And Third we will look at the continued difficulties with the SECURE Act on inherited IRAs.

The due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15, 2020.  This extends the contribution deadlines for IRAs and creates potential reporting changes on 5498s.

Program Highlights:

-New deadlines for tax reporting and contributions

-10% Penalty waived for up to $100,000 in IRA Funds

-Repayment of the funds distributed for up to three years or three years to pay taxes

-Working with your customer and documenting the distribution reason

-Waiver of the RMD payments for 2020 until next year

-Plan amendment deadlines

-Minor changes on the HSA usage and definition of medical expenses

-Challenges with the SECURE Act on deceased accounts and forms

Instructor(s)

Deborah Crawford

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers

    • IRA Form 5498

Reviews

4 star rating

NEW-ALERT! COVID-19 AFFECTS IRA'S IN 2020

Jessica Fairman

Read Less