IRA Contributions        




This course will focus on the rules regarding various types of individual retirement account (IRA) contributions. You will learn the responsibilities of IRA owners and IRA custodians/trustees in the processing and reporting of these IRA contributions. Note: This course does not discuss employer simplified employee pension (SEP) plan contributions to an employee’s traditional IRA or employer Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA plan contributions to an employee’s SIMPLE IRA. You can learn more about these contributions in two other courses in this series, "Simplified Employee Pension (SEP) Plans"0 and "SIMPLE IRA Basics."


1.5 Hour(s)


  • Be familiar with the rules for regular and spousal IRA contributions
  • Be familiar with the basic rules for rollovers and transfers between IRAs and rollovers from qualified employer plans
  • Be familiar with the rules for converting a traditional IRA to a Roth IRA
  • Be familiar with the recharacterization of regular, spousal, and conversion contributions
  • Be familiar with contribution documentation and reporting
  • Understand the responsibilities of IRA owners and IRA custodians/trustees regarding IRA contributions

     77B3R4.2

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