Required Minimum Distributions: Compliance & Planning [RMD4]


Sep 20, 2022
Time: 12:30pm-4:30pm

Credit Hours:



Member: $160.00
Non-member: $240.00

Discussion Leader:

Susan Smith, CPA

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

Full Description

Required Minimum Distributions: Compliance & Planning (RMD4)

September 20th, 2022 / 12:30 pm 4:00 pm

The Megan Room
6591 A Street
Anchorage, AK 99518

Required minimum distributions (RMDs) from employer retirement plans and IRAs must be made or steep penalties will be incurred. Planning opportunities exist in certain situations to minimize distributions. Also, special rules exist for inherited retirement funds. Your clients depend on you to help them navigate the rules regarding required minimum distributions and the taxation of distributions. This course addresses compliance issues and planning opportunities regarding required minimum distributions.

Major Topics:
- Minimum distribution requirement changes by the Secure Act of 2019
- Latest guidance issued by the IRS, whether by way of regulations or administrative announcements related to required minimum distributions
- The calculation of required minimum distributions using the Uniform Life Table
- Required minimum distributions from multiple accounts
- Form 1099R and codes
- Inherited employer retirement accounts and IRAs: Spousal and non-spousal beneficiary distribution options
- Limitations on stretch IRAs imposed by the Secure Act of 2019
- Required minimum distributions in the year of death
- Roth conversions for estate planning and avoiding required minimum distributions
- Timing of distributions for maximum tax-free compounding
- Qualified charitable distributions (QCDs) from IRAs and the relationship between deductible IRAs and QCDs under the new anti-abuse rules
- Taxation of distributions
- Penalties for missed required minimum distributions and reasonable cause for abatement of penalties

Learning Objectives:
- Understand the calculation of required minimum distributions
- Understand when required minimum distributions are required
- Understand how to treat inherited retirement accounts and how to utilize stretch IRAs
- Understand the importance of designated beneficiaries of retirement accounts
- Discuss the process of requesting the abatement of penalties for failure to make required minimum distributions and how to correct a failure to make a required distribution
- Understand how to handle an incorrect Form 1099R
- Discuss how distributions are taxed when the retirement account has basis that can be returned free of tax

Designed For: Any tax practitioner that desires to improve customer service related to required minimum distribution compliance and planning

CPE Credits: 4, Taxation

Level of Knowledge: Intermediate

Prerequisite: A basic understanding of retirement plan distributions and taxation of distributions

Acronym: RMD4

Discussion Leader: Susan Smith, CPA