Uthena

Course description

(IRAs) Individual Retirement Accounts, both traditional IRAs and Roth IRAs will discuss tax planning, concentrating on tax benefits of contributing to IRAs.

The course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios.

We will discuss contribution limits to traditional individual retirement accounts (IRAs) and how those contribution limits interplay with other types of retirement accounts like employer-provided retirement plans.

The course will discuss the tax benefits of Roth individual retirement accounts (IRAs) or Roth IRAs.

We will discuss contribution limits to Roth individual retirement accounts (IRAs) or Roth IRAs and how those contribution limits interplay with other types of retirement accounts.

The course will compare and contrast Traditional IRAs and a Roth IRAs.

We will also cover retirement savings contributions credits, including qualification credits and examples of how to report the credit using actual tax forms.

What you’ll learn

  • Individual Retirement Account (IRA) Tax Benefits
  • How to Report IRA Deduction On Tax Return Using Real Tax Forms
  • Roth IRA Tax Benefits
  • Traditional IRA and Roth IRA Contribution Limits


Are there any course requirements or prerequisites?

  • Some understanding of US income tax law


Who this course is for:

  • Anybody who wants to save on taxes
  • Tax professionals

Course curriculum

    1. 305 Introduction & What Is Compensation

      FREE PREVIEW
    2. 305 Traditional IRAs Introduction & What Is Compensation

      FREE PREVIEW
    3. 308 How Can a Traditional IRABe Opened

      FREE PREVIEW
    4. 308 How Can a Traditional IRA Be Opened Introduction

      FREE PREVIEW
    5. 308 How Can a Traditional IRA Be Opened

    6. 310 Individual Retirement Account

    7. 310 How Can a Traditional IRA Be Opened Individual Retirement Account

    8. 314 Individual Retirement Annuity

    9. 314 Individual Retirement Annuity

    10. 321 SIMPLE IRAs

    11. 321 SIMPLE IRAs

    12. 324 Simplified Employee Pension (SEP)

    13. 324 Simplified Employee Pension (SEP)

    14. 327 How Much Can Be Contributed

    15. 327 How Much Can Be Contributed

    16. 331 General Limit

    17. 331 General Limit

    18. 334 Kay Bailey Hutchison Spousal IRA Limit

    19. 334 Kay Bailey Hutchison Spousal IRA Limit

    20. 337 Filing Status

    21. 337 Filing Status

    22. 341 Less Than Maximum Contributions

    23. 341 Less & More Than Maximum Contributions

    24. 344 When Can ContributionsBe Made

    25. 344 When Can Contributions Be Made

    26. 347 How Much Can You Deduct

    27. 347 How Much Can You Deduct

    28. 351 Are You Coveredby an Employer Plan

    29. 351 Are You Covered by an Employer Plan

    30. 354 Limit if Covered by Employer Plan

    31. 354 Limit if Covered by Employer Plan

    32. 354 Tax Software Limit if Covered by Employer Plan

    33. 354 Tax Software Limit if Covered by Employer Plan

    34. 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions

    35. 357 Figure Reduced IRA Deduction & Reporting Deduction Contributions

    36. 361 Nondeductible Contributions

    37. 361 Nondeductible Contributions

    38. 364 Examples—Worksheet for Reduced IRA Deduction for 2018

    39. 364 Examples—Worksheet for Reduced IRA Deduction for 2018

    40. 367 What if You Inherit an IRA

    41. 367 What if You Inherit an IRA

    42. 371 Can You Move RetirementPlan Assets

    43. 371 Can You Move Retirement Plan Assets

    44. 374 Trustee-to-Trustee Transfer

    45. 374 Trustee-to-Trustee Transfer

    46. 377 Rollovers

    47. 377 Can You Move Retirement Plan Assets Rollovers

    48. 381 Time Limit for Making a Rollover Contribution

    49. 381 Time Limit for Making a Rollover Contribution

    50. 383 Rollover From One IRA Into Another

    51. 383 Rollover From One IRA Into Another

    52. 387 Rollover From Employer's PlanInto an IRA

    53. 387 Rollover From Employer's Plan Into an IRA

    54. 391 Rollover Chart

    55. 391 Rollover Chart

    56. 394 Transfers Incident to Divorce

    57. 394 Transfers Incident to Divorce

    58. 397 Converting From Any Traditional IRA

    59. 397 Converting From Any Traditional IRA Into a Roth IRA

    60. 407 When Can You Withdraw or Use Assets

    61. 407 When Can You Withdraw or Use Assets

    62. 411 Contributions ReturnedBefore Due Date of Return

    63. 411 Contributions Returned Before Due Date of Return

    64. 414 What Acts Result in Penalties

    65. 414 Prohibited Transactions

    66. 417 Prohibited Transactions

    67. 417 Prohibited Transactions

    68. 421 Exempt Transactions

    69. 421 Exempt Transactions

    70. 424 Investment in Collectibles

    71. 424 Investment in Collectibles

    72. 427 Excess Contributions

    73. 427 Excess Contributions

    74. 434 Reporting Additional Taxes

    75. 434 Reporting Additional Taxes

    76. Accounting Comic Break

    1. 505 Roth IRA Introduction & Reminders

    2. 505 Roth IRAs Introduction

    3. 510 What Is a Roth IRA

    4. 510 What Is a Roth IRA

    5. 514 Can You Contribute to

    6. 514 Can You Contribute to a Roth IRA

    7. 517 How Much Can Be Contributed

    8. 517 How Much Can Be Contributed

    9. 521 Table Effect of Modified AGI on Roth IRA Contribution

    10. 521 Table Effect of Modified AGI on Roth IRA Contribution

    11. 524 When Can You Make Contributions & What if You Contribut Too Much

    12. 524 When Can You Make Contributions & What if You Contribute Too Much

    13. 527 Can You Move AmountsInto a Roth IRA

    14. 527 Can You Move Amounts Into a Roth IRA

    15. Accounting Comic Break

    1. 610 Whats New & Introduction

    2. 610 Contributions Credit What’s New & Introduction

    3. 615 Can you claim the credit

    4. 615 Contributions Credit Can you claim the credit

    5. Accounting Comic Break

About this course

  • $27.81
  • 106 lessons
  • 7 hours of video content

Meet your instructor!

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI


Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.  

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).  

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.  

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.  

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.  

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.  

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.  

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.  

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Take this course today!

"Individual Retirement Accounts (IRAs) & Taxes 2018"