Webinar

Retirement Plan Nontraditional Asset Valuation Appraiser Liability Exposures

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.

 

Syllabus

Lesson 1.

Introduction

Lesson 2.

Section 4975 Impounded Management and Investment Risk Diversification

Lesson 3.

The Five Deadly Sins and the Three Liabilities

Lesson 4

Appraiser Liability Exposures

Lesson 5.

Improving Appraiser Practices

Lesson 6.   

Conclusion

 

**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 leighanne.conroy@acpen.com.

Objectives

*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

Highlights

*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

Additional Information

Designed For

*CPAs
*Attorneys
*Enrolled Agents
*Enrolled Retirement Plan Agents
*Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators
*Self-directed Retirement Plan Account Holders
*Tax Return Preparers

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

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

Field of Study

Taxes

Course Number

182096124

Level of Knowledge

Intermediate

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