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Rollovers As Business Startups: Too Good To Be True?
Presentor: S. Derrin Watson Recorded Date: 12/16/2008 Duration: 100 Min.

Description

This program was recorded during a live presentation on December 16, 2008.

For years several firms have promoted plans which allow entrepreneurs to use retirement plan assets to finance the purchase of franchises and other startup business. Most practitioners have viewed these arrangements with understandable skepticism. Finally, the IRS has issued a set of examination guidelines to deal with these transactions. Perhaps the acronym the IRS has chosen to use gives a good idea of how they view these arrangements: ROBS (Rollovers as Business Startups).

The guidelines do not rule these arrangements out per se. But they do provide a road map for IRS personnel to use in challenging them, focusing on nondiscrimination and prohibited transaction issues.

This Web seminar from December 16 will discuss these transactions and the potential problems they pose. We’ll look in depth at the guidelines and show you the problems, pitfalls, and potential of ROBS, so you can judge for yourself and advise your clients appropriately.

Topics include:

  • ROBS overview
  • Issues and analysis
  • Nondiscrimination
  • Multiple potential prohibited transactions
  • Exclusive benefit rule
  • Permanence requirement
  • Plan communication
  • Invalid valuations
  • Filing
  • IRS enforcement activities

Speaker – S. Derrin Watson, J.D., APM
Recipient of the 2006 ASPPA Educator's Award

Instructional Delivery Method
Recorded playback of live Web presentation.

Level: Overview.

Prerequisites
There are no prerequisites and no advance preparation required for this program. However, attendees should have a general understanding of the operation of qualified plans. Attendees do not need to understand the operation of ROBS arrangements.

System Requirements

  • Windows 95, 98, NT 4.0 , 2000, XP
  • Internet Explorer 4.01 or later, Netscape 4.08 or later
  • 56K modem connection or better (128K recommended)
  • Pentium 166+ MHz, 128MB RAM or more
  • 800x600 or higher display resolution
  • Soundcard, Speakers

 

Recorded Event Time Limitation:
This recorded event will be available for 20 days from your date of registration.

Program related requests, questions, or concerns may be e-mailed to: WebTechSem@relius.net.

 


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