IRAs From Start to Finish – Part 2: Rollovers and Transfers
To register for the full series, click here.
Many people think the Rollover/Transfer issue is no big deal. It can’t be stressed enough how big a deal it really is.
It’s not rocket science, but you can’t make up your own definition of a rollover or transfer. If you don’t understand the difference, you won’t use the correct transaction description. That would result in incorrect reporting to the IRS and not matching what the customer is saying on their tax return.
The most important ingredient of rollovers and transfers is that both the sending and receiving institutions must match in their reporting to cancel out the taxation of the transaction. This session will include several Quick Reference charts for guidelines on the differences.
What You’ll Learn
Who Should Attend
Regardless of whether you are an IRA rookie or an IRA veteran, this 2-hour class will solve the mystery once and for all of the difference between rollovers and transfers. Everyone involved in any aspect of IRAs should attend.
