Many commentators contend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 improved the security of retirement benefits earned prior to filing a bankruptcy petition. The transparent policy goal is to harmonize ERISA qualified plan provisions, tax qualified plan provisions, and federal or state retirement plan bankruptcy estate exemptions. No commentator has yet indicated Section 4975 impounded management and investment risk diversification policy noncompliance threatens retirement plan bankruptcy estate exemption validity when prohibited transactions are present. This webcast contributes to the retirement plan bankruptcy estate exemption conversation by filling that void. SyllabusLesson 1.IntroductionLesson 2.Section 4975 Risk DiversificationLesson 3.Prohibited Transaction ImplicationsLesson 4.The Five Deadly SinsLesson 5. The Three PunishmentsLesson 6.Tax Code Noncompliance Lesson 7. Bankruptcy Exemption IssuesLesson 8. Form 5330 ProceduresLesson 9. Conclusion **This course is approved by the IRS. The submission of a completed request form, found under the materials tab, is required for credit.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate