Surgent's Understanding Traditional IRAs (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 2.0
of study
Taxes - Technical (2.0)
Standard member fee $39.00
checkmarkStandard nonmember fee $39.00

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This two-hour course covers the basic tax rules of individual retirement accounts and examines the creation of, contributions to, and distributions from the IRA that is not a Roth IRA.

Who should take this program?

CPAs who want to learn about this key area of practice and all of the planning options available

Major subjects

  • What structure and operational rules are required to qualify the account?
  • What investment restrictions apply to an IRA?
  • What transactions involving an IRA are prohibited?
  • What amounts may be contributed and deducted?
  • How are distributions from an IRA taxed?
  • When are distributions premature, and how can the penalty tax be avoided?
  • What planning opportunities are available?

Learning objective(s)

  • Describe the various types of IRAs, the qualification requirements for IRAs, and the reporting and disclosure requirements of IRA owners
  • Discuss the general rules and limitations regarding contributions
  • Explain the federal income-tax rules applicable to IRA distributions and the basis-recovery rules
  • Summarize the 10-percent early distribution rules
  • Discuss the income-tax-planning opportunities with IRAs


Course code Code JSDLUNRI
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. None