CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Required Minimum Distributions

  • CPA (US)
Required Minimum Distributions

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

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Oct 21, 2021 | 09:00 AM EDT View Details

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IRS Representation Series - Circular 230 Ethics and Updates

(1)

Oct 21, 2021 | 09:00 AM EDT View Details

How To Accurately Prepare the 709 Gift Tax Return

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Oct 21, 2021 | 09:30 AM EDT View Details

Demystifying the Magic of Deferred Taxes

(1)

Oct 21, 2021 | 09:30 AM EDT View Details

Understanding Cash Frauds

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Oct 21, 2021 | 09:30 AM EDT View Details

Tax Strategies for Real Estate: Crucial Insights: Acquisition and Depreciation Strategies

(13)

Oct 21, 2021 | 09:30 AM EDT View Details

Mastering QBO For Accountants - Techniques,Tips & Tricks, Advance Learning

(12)

Oct 21, 2021 | 10:00 AM EDT View Details

Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

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Oct 21, 2021 | 10:00 AM EDT View Details

AICPA Code of Conduct in the Real World

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Oct 21, 2021 | 10:00 AM EDT View Details

Savvy Social Security Planning: All You Need to Know About Social Security Claiming Strategies

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Oct 21, 2021 | 10:00 AM EDT View Details

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Oct 21, 2021 | 10:00 AM EDT View Details

Individual Tax Update (Latest)

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Oct 21, 2021 | 10:00 AM EDT View Details

Basics of Nexus: Understanding State Tax Issues

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Oct 21, 2021 | 10:30 AM EDT View Details

Influencing Skills

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Oct 21, 2021 | 10:30 AM EDT View Details

Course Description

Once a Traditional IRA, SEP IRA and SIMPLE IRA holder reaches the age of 72, they are required to distribute a minimum amount yearly called a Required Minimum Distribution (RMD).  Failure to do so will subject the amount failed to be distributed to a penalty.  How to calculate the minimum will also depend on who’s named as a beneficiary.

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 online webinar addresses compliance issues and planning opportunities regarding required minimum distributions. Understand the calculation of required minimum distributions.

In this online Tax CPE webinar following Key topics are covered:

  • 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
  • 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 IRAs
  • Taxation of distributions
  • Penalties for missed required minimum distributions and reasonable cause for abatement of penalties

Learning Objectives

  • To interpret how an RMD is calculated
  • To discuss deadline to distribute an RMD
  • To discuss penalty for failure to distribute an RMD
  • To discuss effect of qualified trusts on RMD calculations

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Trust & Estate Tax Professional
  • Young CPA