Learning the Rules About Retirement Plan Income by Analyzing Form 1099-R

2 Credits: Taxes


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Learning the Rules About Retirement Plan Income by Analyzing Form 1099-R

Course Level
CPE Credits

2 Credits: Taxes

Course Description

Dealing with Form 1099-R in tax preparation often presents a unique challenge. While your client may submit this form, it only reveals a part of the story, leaving critical gaps in understanding and reporting retirement income accurately. This incomplete picture can lead to potential misreporting and the risk of incurring retirement plan penalties. The form’s complexity, coupled with the IRS’s detailed knowledge derived from it, creates a pressing need for tax professionals to grasp the nuances and underlying details that are not immediately apparent.

This online Webcast CPE course is designed to provide a comprehensive understanding of Form 1099-R. You will learn to determine the significance of the codes on the form, recognize the additional information necessary from clients or their custodians, and identify the correct reporting methods for Net Unrealized Appreciation (NUA), Qualified Charitable Distributions (QCDs), and Required Minimum Distributions (RMDs). By diving into the intricacies of Form 1099-R and its implications for IRS reporting, this course equips you with the knowledge and skills to navigate these challenges effectively, ensuring accurate reporting and avoidance of penalties for your clients.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Determine the significance of codes entered on Form 1099-R,
  • Recognize the additional information you may need from your client or their custodian to report items correctly; and
  • Identify ways NUA, QCDs and RMDs are reported (or not reported) to IRS.
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Course Specifics

Course ID
Revision Date
March 28, 2023


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02337-23-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1905
CTEC Federal Tax Law Credits: 2

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

Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …