Event Description

Whether you are an experienced veteran or new to the industry, one of the toughest parts of being a tax practitioner is keeping up with all of the changes in tax legislation. The Keeping Up the Code series takes a look at recent changes to tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will explore Required Minimum Distribution rules, as well as changes that have been made in light of SECURE 1, SECURE 2, and other recent IRS pronouncements.

Objectives

Identify the correct age in which RMDs need to begin after recent tax legislationState differences between RMDs for IRAs and Qualified PlansRecognize how RMDs are treated for inherited IRAs