Retirement Penalties and Rollover Issues Webcast | 4183497C

Date :
January 10, 2019 10:00 AM - 12:00 PM
Location :
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Webcast Rebroadcast
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Nonmember Price :
CPE Credits :
CPE 2.00, IRS-TX 2.00, CTEC-Fed 2.00
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Early distribution penalties and 60-day rollover failures are prevalent issues tax preparers must handle despite a size of a firm or wealth of clients. There are penalty exceptions and waivers, but some issues have no possible resolution.

Note: This class presents an in-depth discussion of issues presented in the instructor’s class Retirement Distributions: Planning Options.


  • Recall exceptions from the 10% penalty for early distributions from retirement plans, IRAs and annuities.
  • Consider the far reach of the once per year rollover rule and what circumstances have fatal consequences.
  • Recognize which retirement plan factors are furnished to IRS annually and which are not.
  • Determine how to prepare Form 5329 and start the statute of limitations on penalties.

Major Subjects:

  • History of the 60-day Rule and Recent Developments
  • Exceptions to the ten percent penalty
  • Rulings and self-certification
  • What the IRS knows: Forms 1099R and 5498
  • Form 5329 use and strategies

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Designed For:

CPAs, tax staff and other tax professionals.


Mary Kay Ann Foss, CPA

Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California.

Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is chair of the AICPA Trust, Estate and Gift Tax Technical Resource Panel, and has been quoted in California CPA magazine, as well as in national publications.

No Agenda or Materials posted.