Retirement Plan Distributions, Loans and More

$29.00


Target Audience:  CPAs, EAs, Annual Filing Season Program Participants


Field of Study: Taxation (NASBA); Federal Tax Law (IRS)


Seminar Level: Beginner


 

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE:

WWW.LEARNINGMARKET.ORG
.

DISCLAIMER: THIS WEBINAR WAS RECORDED ON August 12, 2020, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Learn about the expanded loan and distribution options available in certain retirement plans and IRAs for 2020 under the CARES Act. The SECURE Act is also making many changes that affect retirement plans and IRAs. We’ll also discuss the small business initiative for retirement plans.

  • Coronavirus-related distributions and loans
  • Qualified individuals eligible for this expanded relief
  • Changes to required minimum distributions for 2020 and 2021
  • Modified required distribution rules for beneficiaries
  • Repeal of maximum age for traditional IRA contributions
  • New penalty-free withdrawals in retirement plans
  • New tax credit for retirement plan startup costs

By the end of this presentation you will be able to:
  • Identify what constitutes a qualified Individual
  • Explain the tax consequences of a COVID-19 distribution
  • List the CARES Act Loan responsibilities
  • Cite the SECURE Act changes to RDM's
  • List the benefits of the SECURE Act

No prerequisites or advanced preparation are required for this seminar.