IOSD-W02
Ins and Outs of Self Directed IRAs

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Date/Time: Monday, September 17, 2012, 1-3 p.m. Eastern (see all dates)

Presenter(s): Michael Tucker, CPA, Denise Appleby, CPA

Tax practitioners are sometimes asked about the tax ramifications of self-directed IRAs and need to be able to respond authoritatively to such questions. Often self-directed IRAs result from an individual's desire to do "better" than conventional investment advisors or to invest in unconventional investments such as certain types of real estate investments that would not be available if the account were managed by more conventional investment advisors.

This program is vital to understanding what a self-directed IRA is, what it does operationally, the kinds of investments it can make, and the relationships the IRA account owner can and cannot have with the account.

Major Topics:

• Why IRA owners want to self-direct their IRA
• The kinds of retirement accounts that may be self-directed
• Steps required to set up a self-directed IRA
• The advantages and disadvantages of a self-directed investment account
• What does the custodian of a self-directed IRA do?
• What sort of investments may a self-directed IRA make?
• Ins and outs of investing in real estate

Learning Objectives:

• Advise clients with respect to the tax characteristics of a self-directed IRA
• Advise clients with respect to how a self-directed IRA operates
• Understand how a self-directed IRA owner may avoid the self-dealing rules

Designed For:

• Any tax practitioner wishing to be current on all aspects of self-directed IRAs and other self-directed retirement accounts
• Any tax practitioner with clients who have self-directed retirement accounts

Course Level: Intermediate

CPE Credits: 2, Taxes

Prerequisite: A basic understanding of the Federal tax rules dealing with IRAs and qualified plans

Advance Preparation: None

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