Total Credits: 5 including 5 Taxes - Technical
Many commentators contend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 improved the security of retirement benefits earned prior to filing a bankruptcy petition. The transparent policy goal is to harmonize ERISA qualified plan provisions, tax qualified plan provisions, and federal or state retirement plan bankruptcy estate exemptions. No commentator has yet indicated Section 4975 impounded management and investment risk diversification policy noncompliance threatens retirement plan bankruptcy estate exemption validity when prohibited transactions are present. This webcast contributes to the retirement plan bankruptcy estate exemption conversation by filling that void.
Syllabus
Lesson 1.
Introduction
Lesson 2.
Section 4975 Risk Diversification
Lesson 3.
Prohibited Transaction Implications
Lesson 4.
The Five Deadly Sins
Lesson 5.
The Three Punishments
Lesson 6.
Tax Code Noncompliance
Lesson 7.
Bankruptcy Exemption Issues
Lesson 8.
Form 5330 Procedures
Lesson 9.
Conclusion
**This course is approved by the IRS. The submission of a completed request form, found under the materials tab, is required for credit.
*Correctly recognize how Section 4975 impounded management and investment risk diversification policy requirements are deemed part of the tax code compliance mandate necessary to sustain federal or state bankruptcy estate retirement plan exemption claims
*Correctly recognize how the five deadly sins and three punishments derived from self-directed fiduciary, custodian, or administrator duty to assure non-discretionary Section 4975 impounded management and investment risk diversification policy compliance results in strict liability and do not require Dura disaggregation
*Correctly recognize Section 4975 impounded management and investment risk diversification policy noncompliance, standing alone, may be cured by and through EPCRS
*Correctly recognize prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance does not vitiate federal or state bankruptcy estate retirement plan exemption claims
*Recognize how a self-directed IRA account holder should correctly complete and file Form 5330 to report prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance
*Important implications of the Supreme Court’s Patterson 1992 decision
*The tax code noncompliance split among the Bankruptcy Courts prior to the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA)
*BAPCPA requirements for tax code compliance
*Section 4975 Impounded Management and Investment Risk Diversification Policy Compliance Requirements
*General and specific Section 4975 prohibited transaction proscriptions
*Prohibited Transaction Chinese Walls Review
*The Five Deadly Sins causing self-directed retirement plan fiduciary, custodian, or administrator strict liability
*The Three Punishments imposed on self-directed fiduciaries, custodians, or administrators for failing to assure Section 4975 impounded management and investment risk diversification policy compliance
*Section 4975 impounded management and investment risk diversification policy compliance, prohibited transactions, EPCRS, and federal or state bankruptcy estate retirement plan exemption issues
Got_Your_Assets_Covered_Jenkins_Credentials (0.09 MB) | 5 Pages | Available after Purchase |
Got_Your_Assets_Covered_Table_2 (0.16 MB) | Available after Purchase |
Got_Your_Assets_Covered_Table_3 (0.19 MB) | Available after Purchase |
Got_Your_Assets_Covered_Slides (1.11 MB) | Available after Purchase |
Got_Your_Assets_Covered_Form_5330 (0.16 MB) | Available after Purchase |
Got_Your_Assets_Covered_Article (1.17 MB) | Available after Purchase |
Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase |
IRS CE Credit Request Form (0.15 MB) | Available after Purchase |
David Randall Jenkins, Ph.D., received his doctorate in accounting and a master’s in accounting with an emphasis in tax from the University of Arizona. He has taught financial, managerial, and tax accounting courses at both the graduate and undergraduate levels. Dr. Jenkins is an AACSB academically qualified business school and tax professor owing to his peer reviewed journal article publications. His company, Algorithm LLC (algorithm-llc.com), is an IRS Approved Continuing Education Provider. Dr. Jenkins may be contacted at tucjenkins@aol.com.
This webcast is an intermediate continuing education webcast.
It is assumed the webcast participant has achieved the following related Algorithm LLC webcasts in advance of this webcast:
None
CPAs, Attorneys, Enrolled Agents, Enrolled Retirement Plan Agents, Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators, Self-directed Retirement Plan Account Holders
04/27/2016
No
Randall Jenkins
04/13/2016
Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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