Understanding and complying with IRA reporting requirements can be a daunting, complex task. Join us for a simple explanation of the reporting rules, regulations, and responsibilities facing IRA custodians in 2014 and beyond. From 1099-R and 5498 reporting, to member and beneficiary statement/notice requirements, this program will cover this maze of rules and provide a clear, concise path.
You will learn there are choices on how to handle certain reporting requirements depending on your financial institution’s philosophy and operational capabilities. This session will provide back-office IRA support or operations staff with valuable, current information. Member contact staff will be able to confidently answer IRA questions that arise throughout the year when members receive one of the many IRS reporting forms or IRA account statements and notices.
- 1099-R and 5498 reporting requirements and deadlines
- Summary of required IRA holder statements and notices, including account, fair market value, and required minimum distribution statements and notices
- Review of beneficiary reporting and notice requirements
- Deadlines and penalties for missing reporting and notice deadlines
- How to handle reporting mistakes and make corrections
- Effectively addressing common questions
- TAKE-AWAY TOOLKIT
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND?
This session will provide important practical information to IRA operations, compliance, and reporting staff and frontline personnel. Management staff will gain a solid understanding and appreciation of Traditional and Roth IRA reporting, statement, and notice requirements.
ABOUT THE PRESENTER – Frank J. LaLoggia, LaLoggia Consulting, Inc.
Frank LaLoggia is the President of LaLoggia Consulting, Inc., Rochester, New York, a pension and financial consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans and financial-services offerings.
Nationally renowned, Frank coordinates and conducts pension and financial seminars and training programs throughout the United States, including in-house IRA, HSA, and employer retirement plan training. With over 35 years’ experience in employee benefits, and always in demand, his client list is impressive. He has assisted many leading financial organizations in the pension and financial services industries. Frank has achieved the designation of Deferred Compensation Specialist through Northeastern Universities Center for Continuing Education and The National Retirement Plans Training Conference.
|Over $75 million
|$25 - $75 million
|Under $25 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records.