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Courses/Accounting & Tax/Accounting

2026 Individual Retirement Accounts

Navigate tax-advantaged retirement planning, contribution rules, and distribution strategies with confidence.

Created byLambers Inc.
BeginnerUpdated Jul 15, 2026
2026 Individual Retirement Accounts

What You'll Learn

check_circleIdentify the specific requirements for opening and maintaining Traditional, Roth, SIMPLE, and SEP IRA accounts.
check_circleCalculate maximum annual contribution limits and partial tax deductions based on income thresholds.
check_circleAnalyze the rules for direct and indirect rollovers, including the 60-day deadline and potential penalties.
check_circleDetermine required minimum distribution (RMD) amounts and identify prohibited transactions.
check_circleApply IRS guidelines for recharacterizations and conversions between different IRA types.

About This Course

This course will review the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. This course will also describe who is allowed to open and contribute to an IRA account during the taxable year as well as when taxpayers are permitted to take distributions from an IRA account.

At the end of this course, students will be able to:

  • Identify the requirements for serving as a trustee for an IRA account
  • Recognize the requirements for opening a traditional IRA account
  • Recognize the maximum contribution that can be made by a taxpayer to an IRA account
  • Calculate the amount of a partial deduction to an IRA account
  • Identify when a taxpayer must start receiving distribution from an IRA account
  • Calculate the amount of minimum distributions from an IRA account
  • Recognize prohibited transactions for an IRA account
  • Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account

Your Instructors

Lambers Inc.
Lambers Inc.
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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Andrew Clark
Andrew Clark

EA

Andrew is an Enrolled Agent and the President of both Andrew Clark Enterprises and Tax CE Publishing. Andrew has been involved in the CPE market since 2010. In addition to writing CPE programs, Andrew provides tax consulting and tax preparation services to clients in the Sacramento region. Andrew is also an entrepreneur and enjoys consulting with other entrepreneurs helping them to achieve success. Andrew enjoys both reading about taxation topics and creating easy-to-understand programs revolving around these complex concepts. He is also an in-demand lecturer due to his thorough understanding of the tax code and tax code changes.

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We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.