IRAs Part 2 – Rollovers and Transfers 2023
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One of the biggest sources of IRA customers getting letters and bills from the IRS is because of the misreporting of rollovers vs. transfers. This problem has existed for over 40 years and it’s not rocket science! The most important aspect of moving money from IRA to IRA or QP to IRA is that both the sending side and the receiving side have to code the transaction pretty much the same. When one bank codes it as a distribution and other bank code it as a transfer credit, the IRS computers explode and send out letters and bills to the customer. Many banks think they can make up their own definition of a rollover vs a transfer, but the IRS is clear in the rules and regulations when the moving of IRA funds is reported to the IRS and when it is not reported.
What You’ll Learn
Who Should Attend?
Whether you are a rookie or an experienced IRA ‘expert’, this 2-hour webinar will break down the importance of knowing the difference and how to train your personnel regarding what questions to ask when sending and receiving money.
Presenter
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, Konarik has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics.
Registration Options
Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279
- Available Upgrades:
- 12 Months OnDemand Playback + $110
- 12 Months OnDemand Playback + Digital Download +$140
- Additional Live Access + $85 per person
