Keep your IRA reporting accurate, timely, and compliant. IRA balances and transactions need to be communicated, and IRA trustees and custodians play a big part in the communication cycle. Trustees and custodians are required to report contributions, distributions, fair market values, required distributions, and more, to IRA owners and/or the IRS. In this webinar, we'll go through the required IRA statements and reports enabling you to audit, and update, if necessary, your processes to ensure you're in compliance with the requirements.
KEY WEBINAR TAKEAWAYS
- Requirements of and descriptions for primary IRA-related IRS and IRA owner reports and statements
- Deadlines for providing the required IRA owner statements
- Deadlines for providing the required IRS reports
- Source guidance for each statement and report requirement
BONUS MATERIALS
- Job aid: IRA Reporting
- Job aid: Fielding Form 5498 Questions
- Link to IRS Instructions for Forms 1099-R and 5498 (Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.)
- Link to IRS General Instructions for Certain Information Returns
WHO SHOULD ATTEND?
- Frontline managers
- Compliance staff
- Accountholder service representatives
MEET THE PRESENTER
Loni Porta
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NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other agencies or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
