Practitioner Issues Involving Retirement Assets That Estate Planners Must Know to Protect Clients from Substantial IRS Penalties

COURSE DETAILS

This program will cover important issues that attorneys and CPAs need to know about estate planning involving retirement assets.

Topics include:

• Advantages of a trust as the beneficiary of an IRA or Roth IRA account
• Noncompliant IRA trusts and Statute of Limitations issues (Danger Zone issue)
• Why Special Powers of Attorney provisions are necessary to protect unwary and vulnerable direct beneficiaries of Inherited Retirement Accounts (including traditional IRA and Roth IRA accounts)
• Defective IRA Beneficiary Forms and Default Unintended Beneficiaries (How and Why does this often happen)
• Article on Unintended Beneficiaries of Retirement Accounts (major issue and often litigated)
• Comment Letter to Treasury dated September 25, 2024covering issue of first impression such as:
  • Potential civil litigation construction proceedings involving conduit IRA trusts
  • The IRS “correction window” rules for fixing a shortfall in a required minimum distribution. Is there really a two-year window; legal glitch or not
  • Deceased IRA owner passes away in a given year prior to receiving the entire required minimum distribution for such year. The beneficiary of the decedent’s IRA owner’s account is responsible for receiving such shortfall distribution. The beneficiary dies before taking any action. What happens? This is a MAJOR national issue without a good answer. This and similar issues will be discussed.
• … and MORE!

The course material will include an electronic outline written by Mr. Goldberg.

The CLE credits will be issued by NYCLA

The New York CPE credits for this program will be issued by IRG Publications

IRG Publications CPE details:

Recommended CPE Credit Hours: 3

Method of Presentation: Webinar

NY Sponsor: IRG Publications

Sponsor License No: 002963

Subject area: Taxation

Learning objective: To learn about significant tax trap issues involving the New Retirement Distribution Rules that you must know

Level: Intermediate

Prerequisite: Basic knowledge of taxation

FACULTY

Faculty: Seymour Goldberg, Esq., CPA, MBA (Taxation), Goldberg & Goldberg, P.C.

Mr. Goldberg has conducted over 100 professional education programs for attorneys and CPAs. He is a former IRS agent and IRS instructor. He is the recipient of the Outstanding Discussion Leader Awards from the AICPA and the Foundation for Accounting Education. His materials written for the ABA can be found in well over 100 law libraries.