Surgent's Introduction to Required Minimum Distributions (RMD2)
2025-12-03 19:00 - 21:00 UTC | Webinar
Surgent's Introduction to Required Minimum Distributions (RMD2)

12/03/25 01:00 PM CST
- 12/03/25 03:00 PM CSTDescription:
Required minimum distributions (RMDs) must be taken from certain tax-deferred retirement accounts, starting when the account owner reaches their applicable age.The RMD rules are complex and must be simplified to help ensure clients understand them. Accounting and finance professionals must understand the basics of RMDs for IRAs and employer plan accounts so as to help IRA owners, plan participants, and beneficiaries meet their RMD obligations and avoid penalties that apply to RMDs not taken by their applicable deadline. Accounting and finance professionals should also be able to demonstrate tax-efficient solutions for RMDs.This course will walk accounting and finance professionals through the fundamental concepts and rules that apply to RMDs, demonstrate how to calculate RMDs, and explain how to correct RMD errors. It can be taken by anyone, including those without any experience working with RMDs.The course will include cases to promote understanding of the rules.Objectives:Understand what Required Minimum Distributions (RMDs) are, why they exist, and the accounts to which they applyRecognize the important deadlines for starting and taking RMDs, including the consequences of missing an RMD deadline and how to avoid penaltiesCalculate RMDs using IRS tables, account balances, and other impacting dataRecognize common scenarios where RMDs apply for IRA owners, employer plan participants, and beneficiaries.Presenters:Denise Appleby, MJ, APA, CISP, CRPS, CRCMike Tucker, Ph.D., LL.M., J.D., CPAField of Study:Taxes (2)Major Topics:How SECURE Act 1.0 and SECURE Act 2.0 changed the RMD rulesWhat is an RMD?Who is subject to RMDs?The types of accounts subject to RMDsHow to calculate an RMDHow to determine if a distribution can be an RMDHow to determine which life expectancy table must be used when calculating an RMDThe rollover and transfer rules during an RMD yearIRS penalties for non-compliance with RMD regulationsApplying RMD strategies to different plan typesWhen RMDs can and cannot be aggregatedHow to correct an RMD shortfallHow to get a waiver of the excise tax on an RMD failureThe tax implication of an RMDHow to donate an RMD tax-freeHow to determine the RMD rules that apply to a beneficiaryLocation:
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