Advanced
HSA Guidance and the Future of HSAs

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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
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IRA Auditing Techniques

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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:
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Basics of HSAs

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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
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Inherited IRAs For Non-Spouse Beneficiaries

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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?
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SIMPLE Plans & SIMPLE IRAs

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Includes the establishment
and amending of SIMPLE plans & SIMPLE IRAs, employer
and employee requirements, and all custodian/trustee requirements,
including:
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IRA Reporting for 2009 and 2010

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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:
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Required Minimum
Distributions for 2010

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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
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Recharacterizations and Excess IRA Contributions

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Whether a non-excess
current-year contribution, an excess contribution,
or a Recharacterizations, all required procedures
are reviewed in this webinar. Topics covered include:
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Basics of Traditional IRAs

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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
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SEP Plans & SEP IRAs

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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?
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IRA Distributions in Depth

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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:
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Basics of Roth IRAs

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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
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IRA Rollovers and Transfers

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Review procedures and administration
required for IRA transfers, rollovers, and the new IRA-to-HSA
transfer. Topics include:
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Basics of Coverdell
ESAs for 2010 vs. 2011

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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?
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Roth Conversions in 2009 and 2010

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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
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Direct Rollovers and Rollovers into a
Traditional IRA and a Roth IRA from an Employer Sponsored Retirement
Plan

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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?
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A Surviving Spouse's
Options with Respect to Their Spouse's IRA

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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?
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IRA Options for
Beneficiaries of Employer Sponsored Retirement Plans

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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
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When
are options not available?
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Can
retirement plans dictate beneficiary options?
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When
must Inherited IRAs be established?
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What
deadlines apply?
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When
is a direct rollover required?
- Are the non-spouse
options mandated?
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What
options are available to Trust Beneficiaries?
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Can
Inherited IRAs be commingled?
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IRA Withholding Rules

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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
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Traditional
IRA vs. Roth IRA
-
Election
procedure
-
Election
documentation
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Completion
of IRS Form W-4P or valid substitute
-
Notice
procedure
-
Notice
documentation
-
Penalties
for non-compliance
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Deposit
requirements
-
Deposit
reporting requirements
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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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