Learning Objective: After completing this course, the student will be able to advise clients on the requirement for taking required minimum distributions after reaching age 70.5, including determining distribution amounts, inherited retirement accounts, determining distribution options for surviving spouses and other beneficiaries including based upon whether the decedent had begun distribution or not, multiple beneficiaries, dividing inherited IRAs, disclaiming an inherited IRA, lack of designated beneficiary, qualified charitable contributions, qualified longevity contracts, IRD Income, still working exception, penalty for not taking a distribution and penalty abatement and more.
CPE Hours: Federal Tax Subject = 1 CPE Credit / Total = 1 CPE Credit
Accreditation: CTEC, IRS, Enrolled Agents, NASBA CPA
Field of Study: Federal Tax Subject
Publication Date: 12/11/2019
Instructional Delivery Method: Self-Study
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr.
Course Material: A copy of the course material is available for download under the Additional References tab.
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Certified Public Accountants: ClientWhys 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.nasbaregistry.org.
ClientWhys is an approved provider for IRS, NASBA QAS, CTEC and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS and CRTPs.
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