Key Tax and Estate Planning Issues with Retirement Assets that Practitioners Must Know


Key Tax and Estate Planning Issues with Retirement Assets that Practitioners Must Know

Recorded On 01/17/2024


Many taxpayers have accumulated a considerable amount of wealth in their retirement accounts. However, mistakes can be costly. This is especially so under the new excise tax rules that apply starting in 2023 and thereafter if an IRA owner fails to take a timely required minimum distribution or the beneficiary of an inherited IRA whether it be an individual, trust or an estate fails to take a timely required minimum distribution. These new excise rules apply to plan participants and their beneficiaries as well.


There are many court cases involving the improper selection of beneficiaries of retirement accounts as well.


This program includes the following topics:


1. How to handle the new IRS excise tax rules that apply to shortfall required minimum distributions starting in the calendar year 2023 and thereafter

    • 25% excise tax
    • waiver procedure
    • zero excise tax
    • 10% excise tax procedure
    • Circular 230 violations including examples


2. Statute of limitation changes under Secure 2.0 involving retirement accounts

    • Effective date
    • Prospective only


3. Why many beneficiary forms are defective


4. Advantages of Qualifying IRA trusts for tax and estate planning purposes

    • Use as a credit shelter trust
    • Use as trusts for minors
    • Use of trusts for children for asset protection purposes
    • Use of trusts for many other purposes


5. Systemic IRA trust issue that you must know (Danger Zone issue)


6. Court cases

    • IRA beneficiary malpractice case and several other court cases


7. And much more


The course material includes an electronic outline



Seymour Goldberg, CPA, MBA (Taxation), JD, Goldberg and Goldberg

Program Co-sponsors: NYCLA CLE Institute; IRG Publications


ABOUT THE SPEAKER: Seymour Goldberg, CPA, MBA (Taxation), JD is a senior partner in the law firm of Goldberg & Goldberg, P.C., Melville, New York. He has conducted over 100 continuing professional education programs for attorneys and CPAs in the area of IRA distributions and IRA compliance issues. He is a former IRS agent and IRS instructor. Mr. Goldberg is the recipient of Outstanding Discussion Leader Awards from both the AICPA and the Foundation for Accounting Education. His manuals written for the American Bar Association can be found in well over 100 law school libraries including the New York State Appellate Division, Fourth Department, Law library Rochester, New York. Two of his manuals cover IRA issues and IRS compliance issues involving IRAs.

Mr. Goldberg can be reached at 516-222-0422 or by email at


2 NY CLE Credits: 2 Skills; Non-transitional; 2 NJ CLE Credits: 2 General



All Programs include 1 Affirmation and 1 Evaluation Form, and Course Materials.

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Online Videos contain CLE codes that you must type into a supplied online affirmation form. Submit the online affirmation to the NYCLA CLE Institute to be issued a CLE certificate. We recommend that you watch the video as soon as possible.

We can only issue CLE credit if the law is still current. If you have previously earned CLE credit in a webinar format of this program, you may not earn additional CLE credit from this on-demand format.

Course Materials: You can download course materials on the Online Video webpage.

Member (CLE Credits only) $65
Non-member (CLE Credits Only) $80

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