Mobile Edition


Got Your Assets Covered? (ACGYAC18)

 
Date:Saturday, December 30, 2017
Time:10:00AM - 3:00 PM
(Registration at 9:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:5.0 Technical Business
Instructor: David R. Jenkins
Vendor:ACPEN
Course Level:Intermediate
Early Bird Price:$139.00 FICPA Members, $169.00 Non-Members

Description:

Many commentators contend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 improved the security of retirement benefits earned prior to filing a bankruptcy petition. The transparent policy goal is to harmonize ERISA qualified plan provisions, tax qualified plan provisions, and federal or state retirement plan bankruptcy estate exemptions. No commentator has yet indicated Section 4975 impounded management and investment risk diversification policy noncompliance threatens retirement plan bankruptcy estate exemption validity when prohibited transactions are present.  This webcast contributes to the retirement plan bankruptcy estate exemption conversation by filling that void.

 

Syllabus

Lesson 1.

Introduction

Lesson 2.

Section 4975 Risk Diversification

Lesson 3.

Prohibited Transaction Implications

Lesson 4.

The Five Deadly Sins

Lesson 5

The Three Punishments

Lesson 6.

Tax Code Noncompliance     

Lesson 7

Bankruptcy Exemption Issues

Lesson 8

Form 5330 Procedures

Lesson 9

Conclusion

 

  • This course is approved by the IRS. The submission of a completed request form, found under the materials tab, is required for credit.



    Objectives:

  • Correctly recognize how Section 4975 impounded management and investment risk diversification policy requirements are deemed part of the tax code compliance mandate necessary to sustain federal or state bankruptcy estate retirement plan exemption claims  

  • Correctly recognize how the five deadly sins and three punishments derived from self-directed fiduciary, custodian, or administrator duty to assure non-discretionary Section 4975 impounded management and investment risk diversification policy compliance results in strict liability and do not require Dura disaggregation  

  • Correctly recognize Section 4975 impounded management and investment risk diversification policy noncompliance, standing alone, may be cured by and through EPCRS  

  • Correctly recognize prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance does not vitiate federal or state bankruptcy estate retirement plan exemption claims  

  • Recognize how a self-directed IRA account holder should correctly complete and file Form 5330 to report prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance 



    Major Topics:

  • Important implications of the Supreme Court’s Patterson 1992 decision

  • The tax code noncompliance split among the Bankruptcy Courts prior to the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA)

  • BAPCPA requirements for tax code compliance

  • Section 4975 Impounded Management and Investment Risk Diversification Policy Compliance Requirements

  • General and specific Section 4975 prohibited transaction proscriptions

  • Prohibited Transaction Chinese Walls Review

  • The Five Deadly Sins causing self-directed retirement plan fiduciary, custodian, or administrator strict liability

  • The Three Punishments imposed on self-directed fiduciaries, custodians, or administrators for failing to assure Section 4975 impounded management and investment risk diversification policy compliance

  • Section 4975 impounded management and investment risk diversification policy compliance, prohibited transactions, EPCRS, and federal or state bankruptcy estate retirement plan exemption issues



    Who Should Attend:
    CPAs, Attorneys, Enrolled Agents, Enrolled Retirement Plan Agents, Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators, Self-directed Retirement Plan Account Holders

    Prerequisite:
    This webcast is an intermediate continuing education webcast. It is assumed the webcast participant has achieved the following related Algorithm LLC webcasts in advance of this webcast: Retirement Plan Management and Investment Risk Diversification Standards Management and Investment Risk Diversification Indices Prohibited Transaction Chinese Walls Problematic Self-Directed Retirement Plan Activities Changing ERISA's Disqualified Person Criterion Resolving the Passive Custodian Paradox

    Advanced Preparation:
    None

    Session/Options

    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.