Retirement Plan Distributions After SECURE 1.0 and SECURE 2.0
Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxes (NASBA); Federal Tax Update (IRS)
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. However, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE:
WWW.LEARNINGMARKET.ORG.
DISCLAIMER: This seminar was recorded on JULY 27, 2023, in Atlanta Georgia
Seminar/Program Level: Basic
Recommended Continuing Education Credit: 1
These recent law changes made significant changes to the distribution rules for IRAs and retirement plans. Required minimum distribution (RMD) rules for account holders and their beneficiaries have also undergone significant changes. By the end of this seminar, you will be able to:
- Define required minimum distributions (RMDs)
- Determine RMDs for distributions to beneficiaries after the death of the account holder.
- Assess potential excise tax for missed RMDs.
- Evaluate if hardship distributions apply.
- Recognize and advise clients on the potential use of a disaster distribution.
No prerequisites or advanced preparation are required for this seminar.