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Live Webcast Replay

Got Your Assets Covered?


Total Credits: 5 including 5 Taxes - Technical

Average Rating:
   19
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Speaker:
David Randall Jenkins, Ph.D.
Course Levels:
Intermediate
Duration:
5 Hours
License:

Dates


Description

Many commentators contend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 improved the security of retirement benefits earned prior to filing a bankruptcy petition. The transparent policy goal is to harmonize ERISA qualified plan provisions, tax qualified plan provisions, and federal or state retirement plan bankruptcy estate exemptions. No commentator has yet indicated Section 4975 impounded management and investment risk diversification policy noncompliance threatens retirement plan bankruptcy estate exemption validity when prohibited transactions are present.  This webcast contributes to the retirement plan bankruptcy estate exemption conversation by filling that void.

 

Syllabus

Lesson 1.

Introduction

Lesson 2.

Section 4975 Risk Diversification

Lesson 3.

Prohibited Transaction Implications

Lesson 4.

The Five Deadly Sins

Lesson 5

The Three Punishments

Lesson 6.

Tax Code Noncompliance     

Lesson 7

Bankruptcy Exemption Issues

Lesson 8

Form 5330 Procedures

Lesson 9

Conclusion

 

**This course is approved by the IRS. The submission of a completed request form, found under the materials tab, is required for credit.

Basic Course Information

Learning Objectives

*Correctly recognize how Section 4975 impounded management and investment risk diversification policy requirements are deemed part of the tax code compliance mandate necessary to sustain federal or state bankruptcy estate retirement plan exemption claims  

*Correctly recognize how the five deadly sins and three punishments derived from self-directed fiduciary, custodian, or administrator duty to assure non-discretionary Section 4975 impounded management and investment risk diversification policy compliance results in strict liability and do not require Dura disaggregation  

*Correctly recognize Section 4975 impounded management and investment risk diversification policy noncompliance, standing alone, may be cured by and through EPCRS  

*Correctly recognize prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance does not vitiate federal or state bankruptcy estate retirement plan exemption claims  

*Recognize how a self-directed IRA account holder should correctly complete and file Form 5330 to report prohibited transactions occurring during those periods where the self-directed fiduciary, custodian, or administrator failed to assure Section 4975 impounded management and investment risk diversification policy compliance 


Major Subjects

*Important implications of the Supreme Court’s Patterson 1992 decision

*The tax code noncompliance split among the Bankruptcy Courts prior to the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA)

*BAPCPA requirements for tax code compliance

*Section 4975 Impounded Management and Investment Risk Diversification Policy Compliance Requirements

*General and specific Section 4975 prohibited transaction proscriptions

*Prohibited Transaction Chinese Walls Review

*The Five Deadly Sins causing self-directed retirement plan fiduciary, custodian, or administrator strict liability

*The Three Punishments imposed on self-directed fiduciaries, custodians, or administrators for failing to assure Section 4975 impounded management and investment risk diversification policy compliance

*Section 4975 impounded management and investment risk diversification policy compliance, prohibited transactions, EPCRS, and federal or state bankruptcy estate retirement plan exemption issues


Course Materials

Speaker

David Randall Jenkins, Ph.D.'s Profile

David Randall Jenkins, Ph.D. Related Seminars and Products


David Randall Jenkins, Ph.D., received his doctorate in accounting and a master’s in accounting with an emphasis in tax from the University of Arizona. He has taught financial, managerial, and tax accounting courses at both the graduate and undergraduate levels. Dr. Jenkins is an AACSB academically qualified business school and tax professor owing to his peer reviewed journal article publications. His company, Algorithm LLC (algorithm-llc.com), is an IRS Approved Continuing Education Provider.  Dr. Jenkins may be contacted at tucjenkins@aol.com.


Additional Info

Basic Course Information

Prerequisites

 This webcast is an intermediate continuing education webcast.  

It is assumed the webcast participant has achieved the following related Algorithm LLC webcasts in advance of this webcast:

  • Retirement Plan Management and Investment Risk Diversification Standards
  • Management and Investment Risk Diversification Indices
  • Prohibited Transaction Chinese Walls
  • Problematic Self-Directed Retirement Plan Activities
  • Changing ERISA’s Disqualified Person Criterion
  • Resolving the Passive Custodian Paradox

Advanced Preparation

None


Designed For

CPAs, Attorneys, Enrolled Agents, Enrolled Retirement Plan Agents, Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators, Self-directed Retirement Plan Account Holders   


Original Recording Date

04/27/2016


Yellow Book

No


Course Developer

Randall Jenkins


Date Added to Catalog

04/13/2016


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com(972-377-8199).


Official Registry Statement

Business Professionals' Network, 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 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


Instructional Delivery Method

Group Internet Based


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


Reviews

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Overall:      4

Total Reviews: 19