IRA Season Essentials: Critical Tax Planning Opportunities for IRAs – Part 1

1 Credits: Taxes


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IRA Season Essentials: Critical Tax Planning Opportunities for IRAs – Part 1

Course Level
CPE Credits

1 Credits: Taxes

Course Description

The process of making IRA contributions, seemingly straightforward, is often riddled with errors that can lead to excess contributions, incorrect IRA type contributions, and failure to correct ineligible contributions. These mistakes not only complicate your clients’ financial planning but can also lead to punitive tax consequences. This program, led by IRA expert Denise Appleby, addresses these common pitfalls directly. It provides a comprehensive guide through the rules for contributing to Traditional and Roth IRAs. Denise will cover critical topics like claiming deductions, switching between IRA types, correcting excess contributions to avoid the 6% excise tax, and understanding tax reporting requirements. This course is designed to equip you with the expertise to navigate these complex scenarios, ensuring your clients’ IRA contributions are managed accurately and effectively.

Part 1: IRA Contributions: Eligibility, Deductibility, and Backdoor Roth IRA Contributions
Part 2: Recharacterizations, Excess Contribution Corrections, and Tax Reporting of IRA Contributions

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Learning Objectives

Upon completing this course, participants will be able to:

  • Determine clients’ eligibility to make contributions to traditional IRAs and Roth IRAs;
  • Make a distinction between eligibility and deductibility for IRA contributions;
  • Perform backdoor Roth IRA contributions;
  • Help clients correct excess contributions made to Roth IRAs and traditional IRAs;
  • Recharacterize contributions made to traditional IRAs and Roth IRAs;
  • Help affected clients avoid the 6% excise tax that can apply to ineligible contributions; and
  • Determine the responsible parties for the various tax reporting requirements for IRA contributions.
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Course Specifics

Course ID
Revision Date
November 8, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02263-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1841
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Denise Appleby is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA technical consultation, training and resources for financial, tax and legal professionals. Her primary focus is protecting retirement savings from costly mistakes. She has over 20 years of experience in the retirement plans field. Denise writes and publishes booklets and marketing tools for advisors. She has provided training to thousands of advisors about the rules and regulations, as well as compliance and operational requirements that apply to IRAs and retirement plans for small businesses. Denise co-authors books that include The Roth IRA Answer Book, The SEP, SIMPLE, …

Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA Read More »