The ability to advise clients about the tax consequences of taking distributions from IRAs and qualified plans is invaluable to a tax practitioner. This is particularly valuable for those practitioners who advise clients about making withdrawals from their retirement accounts before reaching age 59 ½. If you attend, you will learn about the consequences of taking "early" distributions from retirement accounts, and the benefits of taking substantially equal periodic payments and associated tax consequences.

Objectives:

Major Subjects:

* The general tax rules regarding IRA distributions to owners * When and how an IRA owner can tap his or her IRA early with no penalties  by receiving substantially equal periodic payments from such accounts * The tax treatment of substantially equal periodic payments. * Penalties for failure to substantially equal periodic payments for the minimum required period * How the payment amount is calculated
 

Designed For: Any tax practitioner who wishes to understand the tax rules regarding substantially equal periodic payments from an IRA; Any tax practitioner with a client who is considering taking an early distribution from an IRA or qualified plan

Prerequisite:  Basic understanding of the tax rules affecting individuals

Advanced Prep: None

Speaker: Mike Tucker, Ph.D., LL.M., J.D., CPA | Denise Appleby, APA, CISP, CRPS, CRC

Vendor: Surgent McCoy

Field of Study:  Taxes (2)

Level:    Intermediate

CPE Credit: 2 Hours

Acronym:   GMOI

Registration Fees:

$89

Register Here