Retirement Plan Nontraditional Asset Valuation Appraiser Liability Exp
Live Webcast Replay

Retirement Plan Nontraditional Asset Valuation Appraiser Liability Exposures


Total Credits: 3 including 3 Taxes

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Not yet rated
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Faculty :
David Randall Jenkins, Ph.D.
Course Level:
Intermediate
Duration:
3 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a   insignia begin after 5pm or air on the weekend.

Description

The movement toward retirement plan self-direction and increasing non-traditional plan asset composition represents promising opportunity for the nation’s appraisers. Caution demands appraisal valuations counsel Section 4975 impounded management and investment risk diversification policy requirements. Deliberate ignorance regarding same culminates daunting liability exposure.

 

Syllabus

Lesson 1.

Introduction

Lesson 2.

Section 4975 Impounded Management and Investment Risk Diversification

Lesson 3.

The Five Deadly Sins and the Three Liabilities

Lesson 4

Appraiser Liability Exposures

Lesson 5.

Improving Appraiser Practices

Lesson 6.   

Conclusion

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives

*Recognize how to correctly distinguish Section 4975 impounded management risk diversification policy compliance apart from policy noncompliance

*Recognize properly invoked plan asset rule exceptions correctly create a Section 4975 impounded investment risk diversification policy compliant conclusive presumption

*Recognize Section 4975 impounded management risk diversification policy noncompliance correctly condemns benefits inuring disqualified persons as generally proscribed Section 4975(c)(1)(D), (E), or (F) prohibited transactions

*Recognize Section 4975 impounded management risk diversification policy compliance and the failure to properly invoke a plan asset rule correctly condemns specifically proscribed benefits inuring disqualified persons as Section 4975(c)(1)(A), (B), or (C) prohibited transactions

*Recognize an appraiser’s failure to qualify an opinion in the presence of Section 4975 impounded management and investment risk diversification policy noncompliance correctly condemns the appraiser to joint and several strict liability for all damages and losses incurred during such noncompliance periods

*Recognize when an appraiser values retirement plan nontraditional assets the best liability exposure defensive practice is to correctly use unqualified, qualified, adverse, and disclaimer opinions similar to those used by CPAs in rendering audit opinions


Major Subjects

*Section 4975 impounded management and investment risk diversification  

*The 29 CFR Section 2510.3-101 plan asset rule and plan asset rule exceptions

*Distinctions between generally proscribed Section 4975(c)(1)(D), (E), or (F) prohibited transactions and specifically proscribed Section 4975(c)(1)(A), (B), or (C) prohibited transactions

*Section 4975 impounded management and investment risk diversification policy noncompliant fiduciary strict liability exposures

*Non-fiduciary professional services co-fiduciary strict liability exposures

*Appraiser practices improvement to manage the risk of non-fiduciary professional services co-fiduciary strict liability exposures


Course Materials

Faculty

David Randall Jenkins, Ph.D. Related seminars and products: 21


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.


Dates

Thu, Mar 30, 2017 - 11:00a to 02:00p EDT
Tue, Apr 18, 2017 - 07:00p to 10:00p EDT
Fri, Apr 21, 2017 - 10:00a to 01:00p EDT
Tue, May 02, 2017 - 11:00a to 02:00p EDT
Sat, May 27, 2017 - 12:00p to 03:00p EDT
Wed, Jun 07, 2017 - 08:00a to 11:00a EDT
Tue, Jun 27, 2017 - 04:00p to 07:00p EDT
Wed, Jul 12, 2017 - 11:00a to 02:00p EDT
Thu, Jul 27, 2017 - 07:00p to 10:00p EDT
Mon, Aug 07, 2017 - 12:00p to 03:00p EDT
Thu, Aug 24, 2017 - 05:00p to 08:00p EDT
Sat, Sep 02, 2017 - 11:00a to 02:00p EDT
Mon, Sep 11, 2017 - 09:00a to 12:00p EDT
Mon, Oct 09, 2017 - 01:00p to 04:00p EDT
Thu, Oct 19, 2017 - 02:00p to 05:00p EDT
Fri, Nov 10, 2017 - 12:00p to 03:00p EST
Sat, Nov 18, 2017 - 10:00a to 01:00p EST
Wed, Dec 13, 2017 - 12:00p to 03:00p EST
Tue, Dec 26, 2017 - 05:00p to 08:00p EST

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 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, Got Your Assets Covered, Resolving the Passive Custodian Paradox


Advanced Preparation

None


Original Recording Date

10/24/2016


Yellow Book

No


Course Developer

David Randall Jenkins


Date Added to Catalog

10/06/2016


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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


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. 


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