Total Credits: 3 including 3 Taxes
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.
Section 4975 Impounded Management and Investment Risk Diversification
The Five Deadly Sins and the Three Liabilities
Appraiser Liability Exposures
Improving Appraiser Practices
**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 email@example.com.
|Jenkins_Credentials (0.09 MB)||5 Pages||Available after Purchase|
|Transaction_Tax_Executive_Fiat_Slides (1.77 MB)||Available after Purchase|
|Section_469’s_Activity_and_Participation_Conclusive_Presumptions_Article (0.40 MB)||Available after Purchase|
|Section_469’s_Activity_and_Participation_Conclusive_Presumptions_Slides (4.20 MB)||Available after Purchase|
|Retirement_Plan_Nontraditional_Asset_Valuation_Appraiser_Liability_Exposures (0.40 MB)||16 Pages||Available after Purchase|
|IRS CE Credit Request form (0.16 MB)||Available after Purchase|
|Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB)||Available after Purchase|
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 firstname.lastname@example.org.
Wed, Dec 13, 2017 - 12:00p to 03:00p EST
Tue, Dec 26, 2017 - 05:00p to 08:00p EST
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
*Enrolled Retirement Plan Agents
*Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators
*Self-directed Retirement Plan Account Holders
*Tax Return Preparers
*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
*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
David Randall Jenkins
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
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