Examine inherited retirement accounts and how to use stretch IRAs. Grasp the importance of designating beneficiaries. Review the process for requesting the abatement of penalties for failure to take required minimum distributions. Learn how distributions are taxed when a retirement account has basis and can be returned tax-free. Highlights
Required minimum distributions from multiple accounts Form 1099R and codes
Inherited retirement accounts and IRAs: Spousal and nonspousal beneficiary distribution options
Roth conversions for estate planning and avoiding required minimum distributions
Timing of distributions for maximum tax-free compounding
Qualified charitable distributions from IRAs
Recent legislative attempts to change the required minimum distribution age and eliminate stretch IRAs
Registration
PICPA Member: $145 Nonmember: $195
More Information
Course No. 770200Level: Intermediate
Prerequisites:
Basic understanding of retirement plan distributions and taxes
Notes
This is a four-credit seminar
Speaker(s)
Dennis Riley
Dennis Riley, CPA, MBA
Dennis Riley has more than 25 years of experience in accounting, consulting,
tax preparation, and government representation. He specializes in the tax and
business needs of individuals, families, and entrepreneurial small businesses.
The Vision Project identified him as an early adopter of new technology and new
integrations of accounting and consulting information. He is a frequent lecturer
on topics related to taxation and closely-held businesses.
Riley’s experience includes a range of services including negotiations with
federal and state government tax authorities, offers in compromise, closing
agreements, strategic business plans, litigation support, record reconstruction,
business formation and dissolution, problem solving, and tax preparation. He has
resolved multiple-year filing issues, organization issues, and business
transition problems.