3.0 CPE This course reviews the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. This course also describe who is allowed to open and contribute to an IRA account during the taxable year as well as when taxpayers are permitted to take distributions from an IRA account.
Learning Objectives
- Identify the requirements for serving as a trustee for an IRA account.
- Recognize the requirements for opening a traditional IRA account.
- Recognize the maximum contribution that can be made by a taxpayer to an IRA account.
- Discover and calculate the amount of a partial deduction to an IRA account.
- Identify when a taxpayer must start receiving distribution from an IRA account.
- Discover and calculate the amount of minimum distributions from an IRA account.
- Recognize prohibited transactions for an IRA account.
- Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account.
Last updated/reviewed: September 07, 2022
31 Reviews (118 ratings)
Reviews
Anonymous
()
The course provides lots of information and could have been more effective if the examples and additional information given by the instructor are also provided on screen/slides. It was a bit frustrating and challenging to follow when the instructor provides lots of useful information which are not included in the slides and you can't go back for reference to better understand the materials.
Anonymous
()
This course covers a lot of information. I think it could have been organized more effectively to cover all of a situation in one place. I felt at times the answer was in a different section than I expected.
Anonymous
(Owner)
I enjoyed this course and would recommend it to anyone who prepares tax returns. But at least one of the exam questions needs to be updated with the correct information for 2022.
Debra Johnson
( at Hagan & Johnson, CPA's ..)
Thorough discussion on IRA's, ROTH's, SIMPLEs, SEPS and even SAR-SEPS.
What would have improved the course would have been having it geared to 2021 and not 2020.
Keith Baker
(Data Analyst at Charter Communications)
Lots of information in this one. I wonder if it could even be broken up to cover the different retirement options to allow the learner to focus on certain ones.
Arleen Kearns
( at Charles Schwab)
It would be helpful to show slides when the instructor is giving an example. It is a bit challenging trying to follow when there is no visual.
Anonymous
()
This instructor organizes the material really well. Dry topic but I prefer these in-depth ones. Best comprehensive instruction in my opinion.
Daniel Barakat
(Partner at DGB Tax & Accounting)
Course was great. Nice to have examples, but the examples are not displayed on the slides so they are of limited use and hard to follow.
Anonymous
(International Tax Manager)
Great course, very informative. I would highly recommend it as an intro to IRA. The instructor was very clear and to the point.
Anonymous
(Accounting Manager)
Thorough course. As others have said in their reviews, it's a lot of information and could be divided into separate courses.
Anonymous
(Director - A/P)
This is a good course if you want to determine various options when looking into retirement accounts and ROTH IRAs.
Anonymous
()
This is a fine basic overview of IRA's, but it needs to be updated. For example, the 70.5 RMD rule is now 72.
Christopher Chomic
( at Envirostruct, LLC)
very informative, will come back to this for references. Would like for it to be updated for 2019 year though.
Anonymous
()
The handout materials are 109 pages, but could be improved if more graphics and flowcharts were utilized.
Gregory Timms
( at Self Employeed)
Course material need to be in one file. Otherwise it was a clear presentation of the required facts.
Anonymous
(cpa)
There are some examples he talks about that include threshold numbers, but they aren't in the slides.
Johanna Gierl
(SOX at Cisco)
great course, thank you for the detail. would have loved to see a more comprehensive study guide.
Brandon Bush
(Manager at PorterKinney)
Good overview especially for individuals new to the industry. Goes into good relevant strategies.
Anonymous
()
Great overview of the topic. Tough to do since it is such a large subject with a lot of minutia.
Anonymous
()
The course was good but it would be nice to have a PDF with more detail than a glossary/index.
Anonymous
(Internal Audit Manager)
Good detail and overview of these topics. Definitely a lot of info packed into this course!
Sara Pappas
( at Self Employed)
Well presented in-depth analysis of all things retirement. Clear and understandable.
Anonymous
(Financial Reporting Manager)
Informative, but the presenter just reads from the slides. Could be more engaging.
Danny Witt
(Sr. Financial Analyst at XXX)
Totally cool IRA tips and tricks. Take this course to win the day. You can do it!
Anonymous
()
Great course and very helpful regarding a topic that has always confused me
Anonymous
(Accounting Manager)
It would be beneficial to release the wrong answers for the final exam.
Michael Fairchild
(Retired at Retired)
Information and questions are in relation to 2018 IRS regs and filings
Jeffrey Bone
( at First Bank)
Great course, thank you very much! Great content and review.
-Jeff
Anonymous
(-)
Would have liked to seen examples rather than just hear about them.
Brent Trask
(VP, Transactional Accounting at Charter Communications)
It was a very factual course and presented straight forward.
Karla Kerce
( at The Merit Group, LLC)
I would have liked to had a worksheet for the examples.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Andrew ClarkInstructor
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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