IRA Withholding Rules - And Getting them Right

Ascensus

Are you confident that you’re adhering to all federal and state withholding rules? Compliance reviews frequently performed by Ascensus show that not all financial organizations understand IRA withholding rules. The SECURE Act significantly increased penalties for improper withholding notifications, and the IRS has also recently changed withholding notices and requirements depending on the type of IRA distribution (are you using the right form today?) This course covers the requirements for both federal and state withholding, how to properly notify IRA owners of their withholding rights, what to do with the withheld assets, how to handle withholding requirements for foreign individuals, and what the potential penalties are for improperly following the withholding rules. 

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