Guide to Individual Retirement Accounts

Take full advantage of income deferral opportunities by mastering the rules governing individual retirement accounts. This course explains the different types of IRAs and compares their contribution limits, deductibility rules, and eligibility requirements. Learn how required minimum distributions, early withdrawal penalties, and tax treatment affect long-term planning. Develop strategies to defer income recognition, reduce unnecessary taxes, and avoid costly penalties while structuring retirement savings effectively.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: TX1037
IRS Program Number: 72821-T-00091-25-S

Learning Objectives
  • Identify the characteristics of the different types of individual retirement accounts.
  • Specify the criteria under which distributions can be made from individual retirement accounts.
  • Recall the rules for contributing assets to an individual retirement account.
  • Specify the allowable investment options for an individual retirement account.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Taxes
Prerequisites: None
Advance Preparation: None
Latest Review Date: May 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.