MNCPA is here for you.
Let us know how we can help.

22WS-1263: Surgent's Required Minimum Distributions: Compliance and Planning (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Tuesday, December 20, 2022
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Instructor Michael Frost, CPA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $159.00
Standard Nonmember Fee $159.00

Description

Required minimum distributions (RMDs) from employer retirement plans and IRAs must be made or steep penalties will be incurred. Planning opportunities exist in certain situations to minimize distributions. Also, special rules exist for inherited retirement funds. Your clients depend on you to help them navigate the rules regarding required minimum distributions and the taxation of distributions. This course addresses compliance issues and planning opportunities regarding required minimum distributions.

Who should take this program?

Any tax practitioner that desires to improve customer service related to required minimum distribution compliance and planning

Major subjects

  • Minimum distribution requirement changes by the Secure Act of 2019
  • Latest guidance issued by the IRS, whether by way of regulations or administrative announcements related to required minimum distributions, including the new life expectancy tables and transition rules
  • The calculation of required minimum distributions using the Uniform Life Table
  • Required minimum distributions from multiple accounts
  • Form 1099R and codes
  • Inherited employer retirement accounts and IRAs: Spousal and non-spousal beneficiary distribution options
  • Limitations on stretch IRAs imposed by the Secure Act of 2019
  • Required minimum distributions in the year of death
  • Roth conversions for estate planning and avoiding required minimum distributions
  • Timing of distributions for maximum tax-free compounding
  • Qualified charitable distributions from IRAsand the relationship between deductible IRAs and QCDs under the anti-abuse rules
  • Taxation of distributions
  • Penalties for missed required minimum distributions and reasonable cause for abatement of penalties

Learning objective(s)

  • Understand the calculation of required minimum distributions
  • Understand when required minimum distributions are required
  • Understand how to treat inherited retirement accounts and how to utilize stretch IRAs
  • Understand the importance of designated beneficiaries of retirement accounts
  • Discuss the process of requesting the abatement of penalties for failure to make required minimum distributions and how to correct a failure to make a required distribution
  • Understand how to handle an incorrect Form 1099R
  • Discuss how distributions are taxed when the retirement account has basis that can be returned free of tax
  • Use case studies to reinforce the learning objectives

Notes:

Course code Code 22WS-1263
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. A basic understanding of retirement plan distributions and taxation of distributions
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

view cart

Search CPE catalog

Event code
Keyword

Advanced search
View all CPE programs