IRA Reporting

Post

IRA reporting requirements constantly change, which is why financial organizations must stay up-to-date on the latest reporting issues. This WiBinar provides a current, in-depth review of IRA reporting requirements including required minimum distribution statements, fair market value statements, account statements, and Forms 1099-R and 5498. This session also reviews the electronic reporting requirements, beneficiary reporting requirements, procedures for requesting extensions, and IRS penalties for improper reporting.

To request playback, email Montana Townsend at mtownsend@westernbankers.com

Learning Objectives

  • Recall deadlines for required reporting and review penalties for improper reporting
  • Discuss required minimum distribution (RMD) reporting responsibilities
  • Compare methods for deceased IRA owner reporting
  • Correct errors made on Forms 5498, IRA Contribution Information, and 1099-R Distributions From Pensions

Speaker

Deborah Shipman
Senior Training Consultant, ERISA Department
Ascensus

Debbie Shipman is a senior training consultant with the ERISA department at Ascensus. Ms. Shipman conducts IRA training programs nationwide. Her expertise includes traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts, and SEP plans. She leads the analysis, design, development, implementation, and evaluation of Ascensus’ IRA workshop curriculums, as well as in-house training programs. Ms. Shipman also lends her expertise to the distance learning curriculums, including webinars and IRA Essentials OnDemand. Ms. Shipman joined Ascensus in 1999 as a training consultant. She attended the University of Wisconsin, Madison. Ms. Shipman has earned the Certified IRA Specialist (CIS) designation through Ascensus, the Certified IRA Professional (CIP) designation through the National Association of Federal Credit Unions (NAFCU), and the Certified IRA Services Professional (CISP) designation through the Institute of Certified Bankers. She is a member of the Association for Talent Development (ATD).

WiBinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every WiBinar.

This WiBinar is ideal for

Trust Administrator, New Accounts Representative, Client Relationship Manager, Personal Banker, Universal Banker, Compliance Officer