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Tricks and Traps of IRAs

Author: Spidell Publishing, Inc.

This product is available as a complete book without CPE credit. Customers may purchase up to 10 hours of Federal credit by also adding the CPE option(s) to their shopping cart before checkout. See descriptions below for more information.

Prefer the print version? Call (714) 776-7850

Includes a 122-page PDF manual

Volume I: Starting, contributing to, and investing in IRAs, and unrelated business taxable income

With this four-hour section, you will be able to:

  • Choose the conditions under which a Roth IRA is a preferable choice over a traditional IRA
  • Identify taxable compensation for the purpose of determining the maximum IRA contribution
  • Recall how marital status affects AGI phaseout ranges for a traditional deductible IRA or Roth IRA
  • Determine how excess contributions made prior to the return due date affect the calculation of reportable earnings from an IRA
  • Recall the disadvantages of using IRA funds for purchasing property
  • Identify what types of income are excludable from unrelated business taxable income

Volume II: Rolling into and out of an IRA, and converting, recharacterizing, and reconverting

With this three-hour section, you will be able to:

  • Recall how substantially equal periodic payments affect rollover treatment
  • Determine if a distribution to an employee from a qualified plan is exempt from early withdrawal penalties
  • Identify the circumstances under which a participant may exclude NUA
  • Choose from which plans taxpayers may make rollover contributions to a Roth IRA
  • Recall reporting requirements for IRA recharacterizations
  • Determine how a Roth conversion may result in additional Medicare Hospital Insurance tax

Volume III: Distributing, leaving behind, and inheriting IRAs

With this three-hour section, you will be able to:

  • Recall the computation of taxable and nontaxable portions of traditional IRA distributions when there have been nondeductible contributions
  • Choose the order in which distributions are made under IRC §408A
  • Recall the circumstances in which the premature distribution penalty does not apply
  • Identify modifications for substantially equal periodic payments that will trigger an early withdrawal penalty
  • Recall who is responsible for calculating RMD
  • Determine the tax treatment of a traditional IRA with no basis
Designation CPE Hours
CPA and PA Up to 10
EA Up to 10 federal tax
CRTP (CTEC) Up to 10 federal tax
Attorney Up to 8.25 General MCLE

Course level: Basic
No advanced preparation is required.

Want to order by phone? Call us at: (714) 776-7850


This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at 714-776-7850. Spidell Publishing, Inc. has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or phone at 877-850-2832, or on the internet at

Spidell Publishing, 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 course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: This self-study is designed to meet the requirements for up to 10 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.

Spidell Hours
CPA-Tax Up to 10
EA-Fed Tax Up to 10
CRTP-Fed Tax Up to 10
Attorney-MCLE Up to 8.25

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Price: $45.00

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