Webinar Details

CWF is conducting a number of Webinars.

Advanced HSA Guidance and the Future of HSAs	With the recent passage of the Patient Protection and Affordable Health Care Act of 2010 and the Health Care and Education Reconciliation Act of 2010, the face of healthcare in the U.S. is changing, in some ways, drastically. The question keeps being asked, "How does this affect Health Savings Accounts (HSAs)?" It is an excellent question, and one that is not easily answered. Our webinar covers how the new legislation does now and how it might affect HSAs in the future. Other provisions of the healthcare legislation, like its affect on healthcare insurance premiums, healthcare availability, healthcare coverage requirements, and premium cost-shifting, are not included in this presentation. And until the regulations are implemented, some changes are undeterminable. You need to know those also. Learn what affects HSAs directly What changes affect qualified medical expenses? What new penalties are implemented? Archer Medical Savings Accounts (MSAs) are also affected See what affects HSAs indirectly How do certain non-HDHP insurance policies affect HSA-qualified HDHPs and HSAs? New preventive care rules and definitions take affect - For HSAs too??? How does the Minimum Actuarial Value calculation for insurance policies interact with HDHPs? Do the new mandated out-of-pocket expense limits change HSA requirements? Do the "small employer" provisions of the legislation affect HSAs? Will mandated coverage be HSA-qualified? What about the new excise tax on High Cost Employer-Sponsored Health Coverage? Will the new "Young Invincible Policy" be HSA-qualified? Will changes to cafeteria plan Flexible Spending Accounts (FSAs) help or hurt HSAs? Also included in this webinar is: IRS Notices 2008-51, 2008-52, and 2008-59 will be reviewed. Notice 2008-51 reviews Qualified HSA Funding Distributions from IRAs to HSAs. Notice 2008-52 discusses the Full-Year HSA Contribution Rule. Notice 2008-59 has 42 Questions & Answers on a various HSA topics, with some surprising information. Many new rulings and clarifications were included in these Notices, including: Taxable vs Non-taxable Funds Inherited IRA Beneficiary Rights What is the Deadline for Completing the Transfer from an IRA? How does it affect the Annual Contribution Rules? Do Testing Periods affect Excess Contribution Rules? Two Separate Testing Period Calculations possible? New Needlessly Complicated Penalty Calculations How are IRA Substantially Equal Periodic payments affected? Who's Responsible for Determining Eligibility? What's the Ruling on Federal Income Tax Withholding Rules? Learn When an Apparent HSA Excess Contribution IS NOT AN EXCESS Contribution! Review Individual Examples to Help Clarify The Importance of the HDHP Deductible Clarifies the Exceptions to the HDHP Rule, with Some Surprises Learn How an HSA Custodian/Trustee can Restrict Certain Distributions Can Employer HSA Contributions be for the Prior Tax-Year? Can an Employer Request the Repayment of an Excess-Contribution from the HSA Custodian/Trustee? Important Clarification on HSA Borrowing Also discussed will be Employer Comparability and Discrimination Compliance and Mistaken Distributions
IRA Auditing Techniques	With news that the IRS has stepped up its IRA auditing there is no better time than NOW to review, or initiate your Internal IRA Auditing Procedures. These procedures should be an important function within your financial institution. Historically, regulators do not generally examine IRAs, at least from the standpoint of IRS Compliance. This webinar will walk you through a recommended path for compliance, AND THE ABILITY TO PROVE COMPLIANCE. All facets of IRAs will be reviewed from the compliance perspective, including: Compliance with the Plan Agreement and Disclosure Rules Importance of Complying Beneficiary Designations Requirement of Financial Disclosure and Projection Proof Needed for Required IRA Amendments of Plan Agreements and Disclosures IRS IRA Audit vs. IRS IRA Survey How to be Prepared for IRS IRA Audit - What They Will Review? How should IRA Contributions be Documented? Can the IRA Custodian/Trustee Prove Form 5498 Compliance? What Documentation is Required for IRA Distributions? What Documentation is Needed for the Different IRS Reporting Codes? Can the IRA Custodian/Trustee Prove Form 1099-R Compliance? Will Your Record Retention Procedure be Adequate?
Basics of HSAs	Learn the basics of establishing and administering HSAs. The agenda includes: HSA Overview HSA Custodian/Trustee Role HSA Tax Benefits HSA File Maintenance Requirements for Establishing HSAs HSA Beneficiary Documentation Contribution Elibibility Contribution Limits Spousal Contribution Ruless Contribution Documentation Distributions IRS Reporting
Inherited IRAs For Non-Spouse Beneficiaries	A nonspouse IRA beneficiary must commence required distributions within certain deadlines. The rules applying to INHERITED Roth IRAs are smiliar, but not identfical, to the rules for inherited traditional IRAs. This webinar dicusses in depth the rules applying to a nonspouse beneficiary and the administrative actions to be taken by the IRA custodian. Mandatory IRS reporting is covered along with the administrative forms to be completed. This webinar will explain all the areas of this important and compliance-heavy topic including: What are Inherited IRAs? How are Inherited IRAs Established and with What Documentation? How are they titled? What are the Non-Spouse Beneficiary Options and Requirements for Distributions? Discover How the Two Types of Beneficiaries Have Different Options How are Non-Spouse Beneficiary RMDs Calculated? What is the Beneficiary's Required Beginning Date? What are the Penalties for Non-Compliance? What is Separate Accounting? See How the Inherited Roth IRA Beneficiary Options Differ What is a Qualified Trust? What is a Qualified Beneficiary Disclaimer?
SIMPLE Plans & SIMPLE IRAs	Includes the establishment and amending of SIMPLE plans & SIMPLE IRAs, employer and employee requirements, and all custodian/trustee requirements, including: What is a SIMPLE Plan? What is the Custodian/Trustee Role? Establishing a SIMPLE Plan When is a Prototype SIMPLE Plan Required and/or Useful? Who can Establish a SIMPLE Plan? When can the IRS Model Documents be used? What are the Tax Benefits? What are the Employer Due Dates? How is a Financial Institution Designated by the Employer? How is the SIMPLE Plan Application Completed? Line-by-Line Review What is the Difference Between Matching and Non-Elective Employer Contributions? When are Contributions Deposited? New IRS/DOL Enforcement What Restrictions are Allowed by the Employer? How do Restrictions Affect the SIMPLE IRA Custodian/Trustee? How do Employees Establish SIMPLE IRAs? Line-by-Line Review What Disclosures are Required for the Employee? What Disclosures are Required for the Custodian/Trustee? How is the Employee Matching Contribution Calculated? When Can an Employer Terminate a SIMPLE Plan? What are the SIMPLE IRA Custodian/Trustee's Reporting Requirements? What are the Employee Deferral Limits?
IRA Reporting for 2009 and 2010	One of the most important duties an IRA custodian/trustee has is reporting to the IRA accountholder/beneficiary and to the IRS. This webinar reviews all required reporting procedures. The following topics are discussed: How are the 2009 and 2010 RMD Reporting procedures changed? How is Fair Market Value (FMV) calculated? What is required on the year-end FMV Statement? How is the FMV of non-cash IRA assets calculated? Who is responsible for obtaining the correct FMV? How is the FMV of Inherited IRAs calculated? When is date-of-death FMV required? What are the requirements for the Required Minimum Distribution (RMD) Notice? Who is responsible for calculating the RMD? What is reported on the IRS Form 5498? What changes occur in 2009 and again in 2010? What are the most common reporting mistakes on Form 5498? How are the military reporting and rollover exceptions reported? Are Revocations and Account Closures reported differently? Is your financial institution reporting Inherited IRAs correctly? Non-compliance penalties can be severe Can IRA Accountholder/Beneficiaries be reported to electronically What is the most common mistake for Form 1099-R reporting? Is your financial institution using the IRS Codes Correctly? When is Code 8 or Code P used for correcting excess contributions? When are multiple codes REQUIRED? What is the difference between Code R and Code N for recharacterizations? When is a Roth Distribution qualified? When is a Qualified Roth distribution not reported as such?
Required Minimum Distributions for 2010	Learn the RMD calculation methods, all exceptions, and administration, including the important trust exceptions and the required RMD Notice procedures including: All 2009 Rules How are 2008 and 2010 RMDs affected? What is the purpose of RMDs? How is 70½ calculated? What is the Required Beginning Date? What are the Penalties for Non-Compliance? Are SEP and SIMPLE IRAs Included? Learn the Two RMD Calculations How is a late RMD Calculated? What adjustments to the Fair Market Value are required? What is the advantage to calculating with the Joint Life Expectancy Table? How does a Qualified Trust affect RMDs? What document is needed? How are RMDs reported? What is the Alternative Method for taking RMDs? How are RMDs affected by rollovers and transfers? Recommended Administration
Recharacterizations and Excess IRA Contributions	Whether a non-excess current-year contribution, an excess contribution, or a Recharacterizations, all required procedures are reviewed in this webinar. Topics covered include: What is a non-excess, current-year IRA Contribution? What is an excess IRA Contribution? When can it be corrected without penalty? How are applicable earnings calculated? Can a different calculation method be used? What are Traditional and Roth IRA Excess Contribution Differences? How are Excess Contribution corrections reported? Can an Excess Contribution be applied to a subsequent year? What is a Recharacterization? Can an Excess Contribution be recharacterized? What is the deadline for Recharacterizations? What documentation is required by the IRS? How are Recharacterizations reported?
Basics of Traditional IRAs	Learn the basics of establishing and administering traditional IRAs. The agenda includes: IRA Overview IRA Custodian/Trustee Role IRA Tax Benefits IRA File Maintenance Requirements for Establishing IRAs IRA Beneficiary Documentation IRA Amendments Contribution Eligibility Contribution Limits Spousal Contribution Exception IRA Deadline Exceptions Contribution Documentation Distribution Documentation Required Distributions Rollovers and Transfers
SEP Plans & SEP IRAs	Discussion includes the establishment and amending of SEPs & SEP IRAs, employer and employee requirements, and all custodian /trustee requirements, the agenda includes: What is a SEP Plan? Who can establish a SEP Plan? What is the role of the Financial Institution? What are the tax benefits? What is the due date for establishing a SEP Plan? What employee documentation is required? Who must use a prototype SEP Plan? How does Social Security Integration work? What disclosures are required by the employer? How and when are SEP Plans amended? Line-by-Line review of the SEP application How is a SEP IRA established? Must a SEP IRA be separate from Traditional IRAs When can an employer establish a SEP IRA for an employee? What are the SEP contribution limits? How are SEP contributions Reported? How do SEP contributions affect traditional IRA contributions? How are excess SEP contributions corrected? What are SARSEP Plans? How can SARSEP Plans be established? What are SARSEP Plan contribution limits? How are SARSEP IRAs established? What are the new IRS/DOL deposit requirements?
IRA Distributions in Depth	Eventually, there will be IRA distributions, some required. This webinar reviews all facets of traditional and Roth IRA distributions. Administration of distributions will be fully shown, including: What is the status of 2009 and 2010 Required Minimum Distributions? Traditional IRA distribution type distinguished by age of the IRA accountholder How are different distributions reported? Learn the correct usage of all IRS Distribution Codes How are distributions documented? See why you must be cautious with IRS levies The importance of Beneficiary Distributions What is the status of the Tax-Free Charitable Distribution? How are corrections of excess contributions reported differently? How are recharacterizations reported differently? What is the reporting for Revocations? What does the IRS mean by "Closed Account Reporting?" Is the reporting different for SEP-IRAs and SIMPLE-IRAs? Examples of traditional and Roth IRA distribution taxation Learn the required Federal Withholding Election procedures Learn the required Federal Withholding Notice procedures What are the different IRS Roth Distribution Codes? Which Roth IRA distribution codes are the same as for traditional IRAs? What are Deemed Distributions?
Basics of Roth IRAs	Learn the basics of establishing and administering Roth IRAs. The agenda includes: IRA Overview IRA Custodian/Trustee Role IRA Tax Benefits IRA File Maintenance Requirements for Establishing Roth IRAs IRA Beneficiary Documentation IRA Amendments Contribution Eligibility Contribution Limits Spousal Contribution Exception IRA Deadline Exceptions Contribution Documentation Deductible vs. Non-Deductible Contributions IRA Contribution Tax Credit
IRA Rollovers and Transfers	Review procedures and administration required for IRA transfers, rollovers, and the new IRA-to-HSA transfer. Topics include: What is the purpose of IRA Transfers and Rollovers? What are the required Transfer Procedures? What documentation is needed? How is an IRA established with a Transfer of Rollover? IRA transfers and divorces or legal separations What are the Rollover requirements and limitations? What are Like-Kind IRAs? How are rollovers reported? What is a Rollover distribution? What documentation is required for rollovers? What are Spouse-Beneficiary Rollover options? Are there exceptions to the 60-Day Rule? What is the difference between an automatic and a requested waiver? Can an IRA be transferred to a Health Savings Account?
Basics of Coverdell ESAs for 2010 vs. 2011	Learn CESA eligibility, exceptions, contribution limits, and special reporting. Topics include: CESA Overview CESA Definitions and Forms Establishing CESAs Special Documentation of Articles V and VI CESA Custodian/Trustee Role Required Documentation Who is a "Special Need" Designated Beneficiary? Account Titling Amending CESAs What Changes Occur in 2010? Administering Contributions Excess Contribution Administration Administering Distributions What are Qualified Education Expenses? Does that change in 2011 Death Distribution Administration Rollover Administration What is the Definition of "Family Member?" Custodial/Trustee Reporting How are Basis and Earnings Calculated?
Roth Conversions in 2009 and 2010	This webinar will review all aspects of this important and changing IRA procedure. Topics covered will include the following: 2009 Eligibility 2010 Eligibility Changes Whose responsibility is it to determine? 2009 Taxation 2010 Taxation Changes Four Different Methods to Convert What amounts can be converted? Are RMDs affected? Must all IRAs and all balances be converted? Does the IRS 10% penalty affect conversions? Can SEP & SIMPLE IRAs be converted? Required Documentation Reporting Compliance
Direct Rollovers and Rollovers into a Traditional IRA and a Roth IRA from an Employer Sponsored Retirement Plan	This increasingly popular IRA transaction is thoroughly reviewed. Learn the difference between Rollovers and Direct Rollovers to an IRA from an Employer Sponsored Qualified Plan. See how the Mandatory Federal Withholding Rule affects rollovers and its taxation. Topics reviewed will include: What distributions are eligible for rollover? What distributions are not eligible for rollover? Whose responsibility is it to determine eligibility? What documentation is required? Procedures applying to Rollovers Procedures applying to Direct Rollovers Are Conduit IRAs still required? If so, When? How about for Roth IRAs Can regular contributions be added later? Can withholding be rolled over? Does state withholding affect rollovers? Do RMDs affect rollovers? Can non-cash assets be rolled over? Must employer plans allow direct rollovers? Is there any difference for rollovers to Roth IRAs?
A Surviving Spouse's Options with Respect to Their Spouse's IRA	Spouse beneficiary rules continue to change. The importance of being the sole primary beneficiary continues. Topics include: How does a spouse “Treat it as his or her own IRA?” What are the spouse’s other options? How is the Life Distribution Method calculated? How is the Five-Year Rule calculated? How does the 2009 RMD Waiver affect calculations in 2010? When do Required Distributions start? What exceptions apply to the spouse beneficiary? How does the date of death affect options? Can spouse beneficiaries rollover funds? If so, where? Do other beneficiaries affect the spouse’s options? What is the required reporting?
IRA Options for Beneficiaries of Employer Sponsored Retirement Plans	Beneficiaries of qualified retirement plans have again had changes added to their options. Non-spouse beneficiaries, in particular, have more choices to choose from. This webinar will include the following topics: Spouse beneficiary options Non-spouse beneficiary options When are options not available? Can retirement plans dictate beneficiary options? When must Inherited IRAs be established? What deadlines apply? When is a direct rollover required? Are the non-spouse options mandated? What options are available to Trust Beneficiaries? Can Inherited IRAs be commingled?
IRA Withholding Rules	The Federal Withholding Rules for IRA distributions are complicated and very important and must be complied with. Penalties for non-compliance can be severe. This webinar guides you through all the elections, notices, and reporting that is required. Topics include: Overview of Withholding Traditional IRA vs. Roth IRA Election procedure Election documentation Completion of IRS Form W-4P or valid substitute Notice procedure Notice documentation Penalties for non-compliance Deposit requirements Deposit reporting requirements Completion of IRS Form 945 Non-resident alien withholding requirements Non-resident alien withholding reporting requirements Completion of IRS Forms 1042-S, 1042-T, and 1042

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