Inherited IRAs: Understand Tax Issues and Planning

Inheriting an IRA comes with its own tax nuances not only for individual beneficiaries but also for estates or trusts claiming an IRA after the death of the owner. When clients make mistakes or circumstances change, practitioners can help their clients by identifying ways to administer or transfer inherited retirement accounts after the death of the original owner. In this course we will review the inherited retirement account rules as modified by the Secure Act and identify methods of administering or transferring retirement accounts after death to minimize income tax and meet client goals. 

Topics Covered:

Describe the distribution options for inherited retirement accounts for individual beneficiaries, estates, and trusts

Understand the methods for administering a retirement account as an asset of a trust

Identify opportunities to distribute income to charitable beneficiaries

Analyze an estate or trust’s ability to distribute a retirement account to charitable and individual beneficiaries 

Recommend ideal transfer methods for retirement accounts to minimize administration complexity and income taxes

Credits and Other information:

Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement:  Yes
Session Duration: 2 Hours
Case Studies and Live Q&A session with speaker

Who Should Attend:

CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners