Individual Retirement Accounts (IRAs) & Taxes 2018
Learn tax strategies and tax law related to individual retirement accounts (IRAs) from a practicing CPA, CGMA, CPI, with Master of Science in Taxation
(IRAs) Individual Retirement Accounts, both traditional IRAs and Roth IRAs will discuss tax planning, concentrating on tax benefits of contributing to IRAs.
The course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios.
We will discuss contribution limits to traditional individual retirement accounts (IRAs) and how those contribution limits interplay with other types of retirement accounts like employer-provided retirement plans.
The course will discuss the tax benefits of Roth individual retirement accounts (IRAs) or Roth IRAs.
We will discuss contribution limits to Roth individual retirement accounts (IRAs) or Roth IRAs and how those contribution limits interplay with other types of retirement accounts.
The course will compare and contrast Traditional IRAs and a Roth IRAs.
We will also cover retirement savings contributions credits, including qualification credits and examples of how to report the credit using actual tax forms.
What you’ll learn
Are there any course requirements or prerequisites?
Who this course is for:
Individual Retirement Accounts (IRAs) & Taxes 2018 Think
FREE PREVIEWDocuments to Download for Reference
205 (IRA) Individual Retirement Account
FREE PREVIEW210 What's New & Reminders
FREE PREVIEW210 What's New & Reminders
FREE PREVIEW214 Introduction
FREE PREVIEW214 Introduction
FREE PREVIEW217 Table How Are a Traditional IRA and a Rothe IRA Different
FREE PREVIEW217 Table How Are a Traditional IRA and a Roth IRA Different
FREE PREVIEWAccounting Comic Break
FREE PREVIEW305 Introduction & What Is Compensation
FREE PREVIEW305 Traditional IRAs Introduction & What Is Compensation
FREE PREVIEW308 How Can a Traditional IRABe Opened
FREE PREVIEW308 How Can a Traditional IRA Be Opened Introduction
FREE PREVIEW308 How Can a Traditional IRA Be Opened
310 Individual Retirement Account
310 How Can a Traditional IRA Be Opened Individual Retirement Account
314 Individual Retirement Annuity
314 Individual Retirement Annuity
321 SIMPLE IRAs
321 SIMPLE IRAs
324 Simplified Employee Pension (SEP)
324 Simplified Employee Pension (SEP)
327 How Much Can Be Contributed
327 How Much Can Be Contributed
331 General Limit
331 General Limit
334 Kay Bailey Hutchison Spousal IRA Limit
334 Kay Bailey Hutchison Spousal IRA Limit
337 Filing Status
337 Filing Status
341 Less Than Maximum Contributions
341 Less & More Than Maximum Contributions
344 When Can ContributionsBe Made
344 When Can Contributions Be Made
347 How Much Can You Deduct
347 How Much Can You Deduct
351 Are You Coveredby an Employer Plan
351 Are You Covered by an Employer Plan
354 Limit if Covered by Employer Plan
354 Limit if Covered by Employer Plan
354 Tax Software Limit if Covered by Employer Plan
354 Tax Software Limit if Covered by Employer Plan
357 Figure Reduced IRA Deduction & Reporting Deduction Contributions
357 Figure Reduced IRA Deduction & Reporting Deduction Contributions
361 Nondeductible Contributions
361 Nondeductible Contributions
364 Examples—Worksheet for Reduced IRA Deduction for 2018
364 Examples—Worksheet for Reduced IRA Deduction for 2018
367 What if You Inherit an IRA
367 What if You Inherit an IRA
371 Can You Move RetirementPlan Assets
371 Can You Move Retirement Plan Assets
374 Trustee-to-Trustee Transfer
374 Trustee-to-Trustee Transfer
377 Rollovers
377 Can You Move Retirement Plan Assets Rollovers
381 Time Limit for Making a Rollover Contribution
381 Time Limit for Making a Rollover Contribution
383 Rollover From One IRA Into Another
383 Rollover From One IRA Into Another
387 Rollover From Employer's PlanInto an IRA
387 Rollover From Employer's Plan Into an IRA
391 Rollover Chart
391 Rollover Chart
394 Transfers Incident to Divorce
394 Transfers Incident to Divorce
397 Converting From Any Traditional IRA
397 Converting From Any Traditional IRA Into a Roth IRA
407 When Can You Withdraw or Use Assets
407 When Can You Withdraw or Use Assets
411 Contributions ReturnedBefore Due Date of Return
411 Contributions Returned Before Due Date of Return
414 What Acts Result in Penalties
414 Prohibited Transactions
417 Prohibited Transactions
417 Prohibited Transactions
421 Exempt Transactions
421 Exempt Transactions
424 Investment in Collectibles
424 Investment in Collectibles
427 Excess Contributions
427 Excess Contributions
434 Reporting Additional Taxes
434 Reporting Additional Taxes
Accounting Comic Break
505 Roth IRA Introduction & Reminders
505 Roth IRAs Introduction
510 What Is a Roth IRA
510 What Is a Roth IRA
514 Can You Contribute to
514 Can You Contribute to a Roth IRA
517 How Much Can Be Contributed
517 How Much Can Be Contributed
521 Table Effect of Modified AGI on Roth IRA Contribution
521 Table Effect of Modified AGI on Roth IRA Contribution
524 When Can You Make Contributions & What if You Contribut Too Much
524 When Can You Make Contributions & What if You Contribute Too Much
527 Can You Move AmountsInto a Roth IRA
527 Can You Move Amounts Into a Roth IRA
Accounting Comic Break
610 Whats New & Introduction
610 Contributions Credit What’s New & Introduction
615 Can you claim the credit
615 Contributions Credit Can you claim the credit
Accounting Comic Break
Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Individual Retirement Accounts (IRAs) & Taxes 2018"
$27.81
Lifetime enrollment
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