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. 770203Level: Intermediate
Prerequisites:
Basic understanding of retirement plan distributions and taxes
Notes
This is a four-credit seminar.
Speaker(s)
Edward Harter
Edward A. Harter, CPA
Edward A. Harter is a general practitioner in Canton, Ohio, who provides
accounting and tax services to his clients.
Harter has been a partner in a multi-office firm with ten partners, a
one-office firm with two partners, and a sole practitioner with only one support
person. He has instructed CPE programs for 39 years and has presented CPE in all
50 states with consistent “excellent” ratings from program participants. He is
continually commended for his ability to reduce complicated tax concepts to
understandable English with his “real world” examples. In addition, he has held
a number of leadership positions in The Ohio Society of CPAs.