Retirement News for Employers - Spring 2012 - IRS Nationwide Tax Forums
Employee Plans and Exempt Organizations will participate in the IRS Nationwide Tax Forums starting this June. The three-day forums are scheduled in six cities and will provide seminars, workshops, and focus groups for tax professionals. More than 17,000 people attended the forums last year. In addition to getting the latest tax information, tax professionals can earn Continuing Professional Education credits.
This year, EP will present two seminars. The first, "A Taxing Matter - Retirement," will cover tax issues affecting retirement, including:
- Types of distributions
- Working after “retirement”
- How distributions may affect taxability of your Social Security benefits
- Form 1099-R codes
- Special situations involving required minimum distributions
- Resources for this seminar:
- Rollover chart
- Early distributions: exceptions to the 10% additional tax
The second seminar, "A Crash Course in Retirement Plan Contributions in 3D," will explain the mechanics of contributing to a SEP, SIMPLE IRA, 401(k) or one-participant retirement plan and will give examples of:
- What compensation to use to calculate the contribution
- How to calculate the contribution for a Schedule C (self-employed) participant
- How to calculate the contribution for an employee who is covered by plans of two employers (related and unrelated)
- What to do about mid-year hires and terminations
- How contributions to a retirement plan may affect the deduction of traditional IRA contributions
- Resources for this seminar:
Interested in past years’ presentations? See our archived transcripts.
EO’s seminar is titled, “Heads Up! Keeping Current on Exempt Organizations.” Topics this year include basic information on how to apply for tax-exempt status, the benefits of the new SelectCheck search tool, two new tax credits worth knowing about and an update on education and outreach activities. EO will also repeat its popular workshop on the latest changes in Form 990 and tips on how to comply with the law. For additional information and to register, please visit the Tax Forums website.
The Tax Forum dates and locations are:
|
City |
Dates |
|
Orlando, Florida |
June 19 - 21 |
|
Atlanta, Georgia |
July 10 - 12 |
|
San Diego, California |
July 17 - 19 |
|
Las Vegas, Nevada |
July 31 - August 2 |
|
Chicago, Illinois |
August 21 - 23 |
|
New York City, New York |
August 28 - 30 |
