“It’s all about the reporting!” – I say about 1000 times a year. Why do we have to do it this way instead of an easier way? Because it’s all about the reporting. Whether setting up a new IRA or handling transactions on existing IRAs, it is so important that you check the correct box and ‘use the correct transaction code description so that the IRS reporting matches what the client is indicating on their taxes. It’s not okay just knowing your job on the front end without knowing the results of your actions on the back end – most specifically the IRS reporting. This webinar will review the most common reporting mistakes made by financial institutions on both Traditional and Roth IRAs.
What You’ll Learn
Who Should Attend?
All employees who are responsible for opening and maintaining IRAs, checking IRA contribution and distribution reports before they go out to the clients and the IRS, and those who actually have to do the corrections on IRS reporting.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
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Instructor
Patrice Konarik
Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Patr... read more.
