Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Event Detail

Event Description

To register for the full IRA Series, click HERE.

Qualify the Money! The questions that need to be asked are:

  1. "What plan type is it coming from?"
  2. "What plan type is it going to?"
  3. "Can the customer use the funds between Point A and Point B?"

The answers to these 3 questions will put you on the right path to your IRS reporting. And, it's ALL about the reporting when it comes to IRAs. By not knowing the difference of how retirement money moves between the custodians and trustees, the bank coding and IRS reporting may not match. This results in needless letters and bills received by the customers from the IRS because they can't figure out what happened.

Covered Topics

  • What is the IRS definition of an IRA for rollover qualification purposes?
  • What happens if an IRA account owner exceeds the once-per-12-month rule?
  • What are the exceptions for the 60-day time period where the customer can “self-certify” the rollover is still allowed?
  • What are the alternatives to moving money from IRA to IRA if not a “rollover”?
  • Which IRA Forms are used and how is the movement reported to the IRS?
  • When does the financial institution have to verify transactions with the other institution?
  • What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
  • Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
  • Most importantly…How are the transactions above reported to the IRS?

This is part two of a four-part series. While attending one part of the webinar series may help, attending all four parts will give you the most comprehensive breakdown of the rules and regulations.

Who Should Attend?

This is a “must-attend” webinar for anyone - even remotely - involved in IRAs including, frontline, back-office operations, call center, investment department, and trust department personnel.

.

Instructions

Live Plus Five - $265
Register for the live event and get five days access to the OnDemand Playback. You'll have opportunity to ask questions during the presentation and be free to review the content for the next five business days. Registration also includes links to presenter materials, handouts, and pdfs.

OnDemand Recording Only - $295
Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.

CD-ROM and Hardcopy Handouts - $345

CD-ROM plus Hardcopy Handouts. Does not include live session.

Live Plus Six - $365
Attend live; includes six months access to OnDemand playback. Combine the advantages of live attendance with an unlimited number of replays for the next six months.

Premier Package - $395
Includes all three options above. Live session, OnDemand Weblink, and CD-ROM plus Hardcopy Handouts.

Additional Locations
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.

Webinar (09/17/20 10:00AM - 12:00PM)


Online Registration

promo 2

Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

learn more
promo 3

Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

learn more