COVID and IRA Distributions
01/10/2021
Under the CARES Act can the customer take money out of a 401K and repay it to an IRA in three years?
Deborah Crawford
Bio:
Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
Questions Answered
Nonspouse inherit a 401K?
01/10/2021
Can a nonspouse have a rollover from a qualified plan?
Inherited IRA titling?
01/03/2021
How do we report the inherited IRAs? How should it be titled?
Minors Inheriting an IRA Rules
01/03/2021
Can a minor inherit and IRA and take the IRA death distributions over his or her lifetime?
Transfer forms required on IRAs?
01/03/2021
Do you have to have a transfer form?
Who can deduct and IRA?
01/03/2021
If the customer makes too much money, can he or she still deduct the Traditional IRA?
CTR Changes still pending? Yes
01/03/2021
What is changed on CTRs and what is still in the hopper?
Can the military in combat zones make late IRA contributions?
12/27/2020
If our customer makes a late contribution because he or she serves in the military, how do we report?
IRAs and Spouse Beneficiaries?
12/27/2020
Does the spouse have the right to still “treat IRA as own”?
Revoke an IRA? Oh my!
12/27/2020
What type of IRA can be revoked?
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