IRAs Part 2 - Rollovers and Transfers 2023 | Iowa Bankers Association | 5 October 2023 | Webinar
Venue
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date | Thu Oct 5 EDT (about 1 year ago) |
| Location | Webinar |
| Region | Americas |
Details
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.
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.
Speakers
2023 Speaker
INSTRUCTOR:
Patrice M Konarik
president, Sunwest