Individual Retirement Accounts (IRAs) & Taxes
3.9 (7 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,110 students enrolled

Individual Retirement Accounts (IRAs) & Taxes

Individual Retirement Accounts (IRAs)-Traditional IRA & Roth IRA Income Tax Benefits & Retirement Planning
3.9 (7 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,110 students enrolled
Last updated 3/2019
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
23 hours left at this price!
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This course includes
  • 6.5 hours on-demand video
  • 1 article
  • 53 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Individual Retirement Account (IRA) Tax Benefits
  • How to Report IRA Deduction On Tax Return Using Real Tax Forms
  • Roth IRA Tax Benefits
  • Traditional IRA and Roth IRA Contribution Limits
Requirements
  • Some understanding of US income tax law
Description

(IRAs) Individual Retirement Accounts, both traditional IRAs and Roth IRAs will discuss tax planning, concentrating on tax benefits of contributing to IRAs.

The course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios.

We will discuss contribution limits to traditional individual retirement accounts (IRAs) and how those contribution limits interplay with other types of retirement accounts like employer-provided retirement plans.

The course will discuss the tax benefits of Roth individual retirement accounts (IRAs) or Roth IRAs.

We will discuss contribution limits to Roth individual retirement accounts (IRAs) or Roth IRAs and how those contribution limits interplay with other types of retirement accounts.

The course will compare and contrast Traditional IRAs and a Roth IRAs.

We will also cover retirement savings contributions credits, including qualification credits and examples of how to report the credit using actual tax forms.

Who this course is for:
  • Anybody who wants to save on taxes
  • Tax professionals
Course content
Expand all 105 lectures 06:43:48
+ Introduction
11 lectures 38:17
Documents to Download for Reference
00:01
PDF - 210 What's New & Reminders
00:08
210 What's New & Reminders
12:07
PDF - 214 Introduction
00:08
214 Introduction
07:44
PDF - 217 Table How Are a Traditional IRA and a Roth IRA Different
00:08
217 Table How Are a Traditional IRA and a Roth IRA Different
10:16
Accounting Comic Break
00:13
+ Traditional (IRAs) Individual Retirement Account
75 lectures 04:53:28
PDF - 305 Traditional IRAs Introduction & What Is Compensation
00:08
305 Traditional IRAs Introduction & What Is Compensation
10:50
PDF - 308 How Can a Traditional IRA Be Opened
00:08
308 How Can a Traditional IRA Be Opened
04:17
PDF - 310 How Can a Traditional IRA Be Opened Individual Retirement Account
00:08
PDF - 314 Individual Retirement Annuity
00:08
314 Individual Retirement Annuity
04:07
PDF - 321 SIMPLE IRAs
00:08
321 SIMPLE IRAs
02:35
PDF - 324 Simplified Employee Pension (SEP)
00:08
324 Simplified Employee Pension (SEP)
02:51
PDF - 327 How Much Can Be Contributed
00:08
327 How Much Can Be Contributed
01:38
PDF - 331 General Limit
00:08
331 General Limit
06:59
PDF - 334 Kay Bailey Hutchison Spousal IRA Limit
00:08
334 Kay Bailey Hutchison Spousal IRA Limit
02:58
PDF - 337 Filing Status
00:08
337 Filing Status
04:46
PDF - 341 Less & More Than Maximum Contributions
00:08
341 Less & More Than Maximum Contributions
03:48
PDF - 344 When Can Contributions Be Made
00:08
344 When Can Contributions Be Made
12:27
PDF - 347 How Much Can You Deduct
00:08
347 How Much Can You Deduct
06:21
PDF - 351 Are You Covered by an Employer Plan
00:08
351 Are You Covered by an Employer Plan
13:48
PDF - 354 Limit if Covered by Employer Plan
00:08
354 Limit if Covered by Employer Plan
17:49
PDF - 354 Tax Software Limit if Covered by Employer Plan
00:08
354 Tax Software Limit if Covered by Employer Plan
06:38
PDF - 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions
00:08
357 Figure Reduced IRA Deduction & Reporting Deduction Contributions
04:02
PDF - 361 Nondeductible Contributions
00:08
361 Nondeductible Contributions
11:22
PDF - 364 Examples—Worksheet for Reduced IRA Deduction for 2018
00:08
364 Examples—Worksheet for Reduced IRA Deduction for 2018
07:57
PDF - 367 What if You Inherit an IRA
00:08
367 What if You Inherit an IRA
09:29
PDF - 371 Can You Move Retirement Plan Assets
00:08
371 Can You Move Retirement Plan Assets
02:31
PDF - 374 Trustee-to-Trustee Transfer
00:08
374 Trustee-to-Trustee Transfer
02:33
PDF - 377 Can You Move Retirement Plan Assets Rollovers
00:08
377 Can You Move Retirement Plan Assets Rollovers
13:11
PDF - 381 Time Limit for Making a Rollover Contribution
00:08
381 Time Limit for Making a Rollover Contribution
14:30
PDF - 383 Rollover From One IRA Into Another
00:08
383 Rollover From One IRA Into Another
15:28
PDF - 387 Rollover From Employer's Plan Into an IRA
00:08
387 Rollover From Employer's Plan Into an IRA
17:38
PDF - 391 Rollover Chart
00:08
391 Rollover Chart
09:08
PDF - 394 Transfers Incident to Divorce
00:08
394 Transfers Incident to Divorce
06:42
PDF - 397 Converting From Any Traditional IRA Into a Roth IRA
00:08
397 Converting From Any Traditional IRA Into a Roth IRA
09:45
PDF - 407 When Can You Withdraw or Use Assets
00:08
407 When Can You Withdraw or Use Assets
03:03
PDF - 411 Contributions Returned Before Due Date of Return
00:08
411 Contributions Returned Before Due Date of Return
05:52
PDF - 414 Prohibited Transactions
00:08
414 Prohibited Transactions
03:55
PDF - 417 Prohibited Transactions
00:08
417 Prohibited Transactions
10:51
PDF - 421 Exempt Transactions
00:08
421 Exempt Transactions
02:55
PDF - 424 Investment in Collectibles
00:08
424 Investment in Collectibles
05:39
PDF - 427 Excess Contributions
00:08
427 Excess Contributions
14:33
PDF - 434 Reporting Additional Taxes
00:08
434 Reporting Additional Taxes
08:09
Accounting Comic Break
00:13
+ Roth (IRAs) - Roth Individual Retirement Account
14 lectures 52:18
PDF - 505 Roth IRAs Introduction
00:08
505 Roth IRAs Introduction
07:22
PDF - 510 What Is a Roth IRA
00:08
510 What Is a Roth IRA
11:55
PDF - 514 Can You Contribute to a Roth IRA
00:08
514 Can You Contribute to a Roth IRA
08:59
PDF - 517 How Much Can Be Contributed
00:08
517 How Much Can Be Contributed
07:06
PDF - 521 Table Effect of Modified AGI on Roth IRA Contribution
00:08
521 Table Effect of Modified AGI on Roth IRA Contribution
06:53
PDF - 524 When Can You Make Contributions & What if You Contribute Too Much
00:08
524 When Can You Make Contributions & What if You Contribute Too Much
08:54
PDF - 527 Can You Move Amounts Into a Roth IRA
00:08
Accounting Comic Break
00:13
+ Retirement Savings Contributions Credit
5 lectures 19:45
PDF - 610 Contributions Credit What’s New & Introduction
00:08
610 Contributions Credit What’s New & Introduction
08:25
PDF - 615 Contributions Credit Can you claim the credit
00:08
615 Contributions Credit Can you claim the credit
10:51
Accounting Comic Break
00:13