IRA Advanced Seminar - Louisville

If you are not a KBA member, please contact Jamie Hampton at or 502-736-1278 for the possibility of attending at a non-member rate.

Seminar 9 a.m. - 4 p.m. local time. Registration and breakfast begins after 8:30 a.m.

Advanced IRAs builds on the attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

IRA Legal Issues
  • Recognize power of attorney (POA) issues
  • Understand the roles of a guardian/conservator for transactions
  • Identify and resolve abandoned property issues

IRA Excess Contributions
  • Define an excess contribution
  • Identify excess contribution correction methods
  • Describe a recharacterization
  • Explain the possible taxes and penalty taxes for excess contributions
  • Describe reporting for excess contributions and recharacterizations

Required Minimum Distributions
  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules
  • Explain the RMD reporting requirements

Beneficiary Options
  • Describe beneficiary distribution options when an IRA owner dies on or after January 1, 2020
  • Recognize the differences for the various beneficiary types

IRA Withholding Requirements and the New Withholding Forms
  • List the possible penalties for failing to withhold
  • Explain the withholding notice and election requirements
  • Discuss how withholding is reported and transmitted to the IRS
  • Describe foreign withholding requirements

Who Should Attend

You should attend this seminar if you are
  • an IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and are looking to expand your expertise and provide enhanced customer service;
  • a financial professional who recognizes that IRAs play an integral role in retirement planning;
  • a compliance specialist with procedural oversight of IRA policies and practices; or
  • a support personnel responsible for promotional materials that describe the services provided by your financial organization.


A Consultant with the ERISA Compliance Department at Ascensus will lead this training. Ascensus helps people save for what matters • retirement, education, and healthcare. With nearly 40 years of experience, the firm offers tailored solutions that meet the needs of financial institutions, state governments, financial professionals, employers, and individuals. Ascensus supports more than 105,000 retirement plans, more than 4 million 529 education savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1 million IRAs, 582,000 consumer-directed health (CDH) plans. As of September 30, 2019 Ascensus had more than $261 billion in total assets under administration. For more information about Ascensus, visit
Kentucky Society of CPAs 1735 Alliant Avenue Louisville, KY
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Education Alliance Cancellation Policy
Substitutions are always welcome and encouraged. All cancellations and substitutions request must be submitted in writing prior to the event.

KBA Seminar Registrations can cancel 30 days prior to the event date and receive a full refund. Cancellations received between 29 days and 10 days prior to the event will be charged a $50 processing fee. There will be no refund for cancellations received less than 10 days prior to the event.

KBA Schools Applicants can withdraw from a KBA School 10 days prior to the 1st day of the school for a refund minus a $150 cancellation fee. There is no refund if an applicant withdraws after the deadline or if applicant fails to attend the school, with the exception of extenuating circumstances. Due to commitments and expenses we cannot reverse, such as: handouts, food, beverages, room rentals, speaker fees, etc.; even extenuating circumstances will require partial refunds because of these expenses.