IRA Reporting Requirements

Given the constantly evolving IRA reporting requirements, it is crucial for your financial organization to remain current on the latest mandates. Conduct a comprehensive examination of essential IRA reporting topics including required minimum distribution statements, fair market value statements, account statements, and IRS Forms 1099-R and 5498. Additionally, participants will scrutinize electronic reporting requirements, beneficiary reporting requirements, procedures for requesting extensions, and IRS penalties for improper reporting.

Learning Objectives:

• Identify the vital IRA requirements your institution must comply with.

• Learn about the latest IRA reporting requirements.

• Understand the reporting topics on required minimum distribution statements, fair market value statements, accounts statements, and IRS forms.

Duration: 60-minutes