Date: October 28th, 2026

Time: 11am ET | 10am CT | 9am MT | 8am PT

Duration: 390 Minutes

Course Overview:

This comprehensive training is designed to bring accounting and tax professionals quickly up to date on the federal tax rules governing individual retirement and savings accounts.

The program provides an in-depth review of the contribution, distribution, and taxation rules for Traditional, Roth, SEP, and SIMPLE IRAs. It also examines the new Trump Accounts available for children, including eligibility requirements, account establishment, government seed contributions, permitted contributions, investment requirements, tax treatment, and distribution rules.

Participants will gain practical guidance on current legislation, IRS guidance, and recent developments affecting retirement accounts, while learning how to identify planning opportunities and avoid common compliance pitfalls.

Topics Covered:

• Federal income tax rules affecting IRAs and Trump Accounts, with emphasis on newly enacted legislation, IRS guidance, and current developments.
• Contribution limits and tax treatment of distributions from Traditional, Roth, SEP, and SIMPLE IRAs.
• Trump Accounts: eligibility, establishing accounts for children, government seed contributions, permitted contributions, investment requirements, tax treatment, and distribution rules.
• Deduction phase-out limits for Traditional IRA contributions when the taxpayer is an active participant in a qualified retirement plan.
• Roth IRA contribution phase-out limits and requirements for tax-free qualified distributions.
• Planning opportunities and tax considerations for Roth IRA conversions.
• Rollover rules among retirement accounts, including the one-rollover-per-year limitation.
• Distribution options before age 59½ and exceptions to the 10% additional tax, including substantially equal periodic payments.
• Required minimum distribution (RMD) rules during the account owner’s lifetime and after death.
• Tax consequences for spouse and non-spouse beneficiaries and the impact on post-death distributions.
• Overview of Health Savings Accounts (HSAs), including eligibility, contribution limits, tax treatment, and distributions

Learning Objectives:

• Compare the tax and non-tax advantages and disadvantages of Traditional, Roth, SEP, and SIMPLE IRAs.
• Calculate maximum contribution limits and determine the taxable portion of distributions from each type of IRA.
• Identify the eligibility, contribution, and distribution rules that apply to Trump Accounts.
• Recognize exceptions to the 10% additional tax on early IRA distributions.
• Apply required minimum distribution (RMD) rules during the account owner’s lifetime and after death.

Credits and Other information:

• Recommended CPE credit – 7.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 390 minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker :

J. Patrick Garverick CPA (US), CFP®

Pat Garverick, CPA, CFP®, is a Certified Public Accountant based in the Phoenix, Arizona area. He began his public accounting career in 1988 after earning a Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. In 1992, he received a Master of Taxation (MT) degree from Arizona State University and launched his own tax and financial planning practice.

Pat also began writing, reviewing, and teaching tax and financial-planning continuing professional education courses nationwide. In addition to his CPA credential, he is a Certified Financial Planner (CFP®), which further strengthens the practical expertise he brings to the educational content he develops and presents.