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How to Split Retirement Accounts as Part of a Divorce Settlement Webinar

CPE

When
July 17
1:00 - 3:00 p.m.

CPE Credits
2-Tax

Details

 Pricing

PICPA Member: $89 | Nonmember: $114


 More Information

Course No.
IRA3-2019-01-WEBNR-198-01
Level
Intermediate
Prerequisites
A basic understanding of individual income tax
Note
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Description

According to the Center for Retirement Research at Boston College, about 40 percent of marriages end in divorce. For many of these individuals, IRAs are included in their divorce settlement agreement. The spouse who receives an IRA as part of a divorce settlement agreement is responsible for paying any income tax due on the amount. To ensue that this requirement is properly applied, the applicable provisions in the Tax Code must be adhered to.

Highlights

  • Protect clients from unintended consequences when giving up retirement accounts under a divorce settlement agreement
  • Identify transactions that are affected by splitting a retirement account under a divorce settlement
  • Know the documentation requirements that must be provided to IRA custodians and plan trustees
  • Properly split IRA assets that are awarded under a divorce settlement agreement
  • Understand how divorce affects a former spouse’s IRA
  • Identify tax planning opportunities for retirement assets awarded under a divorce settlement


Speaker(s)


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