Retirement Penalties and Rollover Issues

Overview

Led by tax controversy expert Melissa Wiley, this course equips tax professionals with key strategies for navigating IRS audits, collections, and appeals. Participants will learn to respond effectively to audits, resolve tax debts, and leverage appeals options like Fast Track Appeals and Post-Appeals Mediation. The course also covers criminal tax risks, taxpayer rights, and litigation strategies, ensuring professionals can advocate for clients and challenge IRS assessments confidently. Please note that this product will expire either on 04/30/2027 or one year from the date of purchase (whichever occurs first). Educator discounts do not apply to this product.

Highlights

• What the IRS knows: Forms 1099R and 5498
• Exceptions to the ten percent penalty
• Secure 2.0 changes to the late payment penalty
• History of the 60-day Rule and Recent Developments
• Rulings and self-certification
• Form 5329 use and strategies

Prerequisites

None.

Objectives

• Identify exceptions from the 10% penalty for early distributions from retirement plans, IRAs and annuities
• Recognize the far reach of the once per year rollover rule and what circumstances have fatal consequences
• Determine the difference between Rollovers and Transfers

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.