2 Credits: Taxes
Your client may send in Form 1099-R but the tax form itself does not tell the entire story. Learn what the IRS knows from receiving this form and questions to ask and information to furnish to properly report retirement income and avoid retirement plan penalties.
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.
March 28, 2023
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02337-23-O
IRS Federal Tax Law Credits: 2
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 www.ctec.org.
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 …