Traps for the Unwary

Wednesday, May 16, 2018 - 9:45am11:00am

This session will review and discuss issues that arise in Traditional IRAs, Roth IRAs, and SEP IRAs. Be sure that you and your clients do not run afoul of any of the Roth and traditional IRA and SEPs rules. This session will review tax rules and investment issues affecting Roth IRAs, traditional IRAs and SEPs, including funding, conversions and distributions, as well as some thoughts when considering the costs and benefits of alternative investments, valuation rules, Prohibited Transition rules, ROBs and Unrelated Business Income Tax issues that may arise.
At the end of the session the participant should be able to
• List and identify the contribution limit rules for IRAs, Roth IRAs and SEPs
• Determine whether an individual can make a SEP contribution
• Calculate the amount that can be contributed to an IRA or SEP
• Determine whether there could be prohibited transition risks with regard to an investment
• Discuss the treatment of a sale from an IRA to a family member
• Determine whether an investment is likely to create UBIT for the IRA, Roth IRA or SEP
• Discuss valuation issues that can arise for IRA, Roth IRA and SEP assets

Knowledge Level:


Field of Study:

Session Type:

CPE Credit: 
Advanced Preparation: 
Speaker(s) Speaker Details Session(s)
Karen Field JD, Principal, KPMG LLP, Washington, District of Columbia 22, 31
Avery Neumark CPA, J.D., LL.M. (Taxation), Partner, Marks Paneth LLP, New York, New York 31
Kelli Cacciotti JD, Senior Associate, KPMG LLP, Washington, District of Columbia 31