This can’t-miss session about traditional and Roth IRA reporting responsibilities will be presented in easy-to-understand terms to ensure your financial institution is up-to-date on reporting and compliance issues. It will address traditional and Roth IRA governmental reporting requirements, participant notices, and statement requirements. From 1099-R and 5498 reporting, to RMD and beneficiary distribution reporting, this session will cover a lot of ground! Learn about common reporting mistakes and correction methods to meet your compliance responsibilities.
- Review of IRS Forms 1099-R and 5498, reporting requirements, and deadlines
- Will include any late-breaking reporting changes
- Required IRA statements and notices, including account statements, fair market value statements, and RMD statements and notice requirements
- Reporting and notice requirements for beneficiaries
- How to correct IRA excess contributions
- Reporting and notice deadlines and potential penalties for missing them
- How to handle reporting mistakes and properly make corrections
- TAKE-AWAY TOOLKIT
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This session will provide important practical information to individuals who have IRA operational, compliance, or reporting responsibilities and those who deal face-to-face with IRA owners. It will also provide managers with a solid understanding and appreciation of traditional and Roth IRA reporting, statement, and notice requirements and increase awareness of the responsibilities and choices you have as an IRA trustee or custodian.
SPEAKER: Frank J. LaLoggia, LaLoggia Consulting, Inc.
Frank LaLoggia is the President of LaLoggia Consulting, Inc., Rochester, New York, a pension consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans offerings.
Frank coordinates and conducts retirement plan seminars and training programs throughout the United States, including in-house IRA, HSA and employer retirement plan training sessions. With over 38 years’ experience in employee benefits, and always in demand, his client list is impressive. He has assisted many leading financial organizations in the pension and financial services industries. Frank has achieved the designation of Deferred Compensation Specialist through Northeastern Universities Center for Continuing Education and The National Retirement Plans Training Conference.