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Sessions | Instructor | Event Registration |

Event Information

Retirement Penalties and Rollover Issues Webcast | 4203497A
Date: August 12, 2020
Event Start time: 2:30 PM   End time: 4:20 PM
Location: Webcast

Facility: Webcast Remote


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Technical
2.00 CTEC-Fed: Certified Tax Preparers (CTEC) Federal Hours Technical
2.00 IRS-TX: IRS Federal Tax Update Technical
1.50 MCLE LS-TX: Legal Specialization-Taxation Law Technical
1.50 MCLE: MCLE Technical


Early distribution penalties and 60-day rollover failures are prevalent issues that tax preparers must handle despite the size of the firm or the wealth of your clients. There are penalty exceptions and waivers; but some issues have no possible resolution.

Note: This class presents an in-depth discussion of issues presented in the instructor’s class Retirement Distributions: Planning Options.


  • Recall exceptions from the 10% penalty for early distributions from retirement plans, IRAs and annuities.
  • Consider the far reach of the once per year rollover rule and what circumstances have fatal consequences.
  • Recognize the retirement plan information are furnished to IRS annually and what is not.
  • Determine how to prepare Form 5329 and start the statute of limitations on penalties.

Major Subjects:
  • History of the 60-day Rule and Recent Developments
  • Rulings and self-certification
  • Exceptions to the ten percent penalty
  • What the IRS knows: Forms 1099R and 5498
  • Form 5329 use and strategies

Level of Difficulty:

Field of Interest:




Designed For:

CPAs, tax staff and other tax professionals.


Advanced Prep:



Event Notes:
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