Critical Issues for General Tax Practitioners Regarding IRAs and Retirement Plans (GTIR)

Practitioners advising IRA and qualified plan owners must be able to address client concerns about these accounts. Challenging questions can arise about life-changing events such as birth, death, marriage or mental/physical incompetence of the account owner. This program will cover these issues, recent tax law changes including final required minimum distribution (RMD) regulations and other critical changes.

Panelists are subject to change.

• SECURE 2.0 Act changes
• New rules allowing minimization of RMDs for spouse beneficiaries
• RMDs for IRA owners and plan participants
• How to identify beneficiaries by class
• Distribution options for beneficiaries
• How the various 10-year rules work
• Critical steps to protect clients and beneficiaries from RMD mistakes
• Transferring an interest in an IRA or qualified plan to a divorcing spouse
• Catch-up contributions for ages 60-63
• New regulations on long-term part-time employees enrolled in an employer’s pension plan
• Domestic violence and $1,000 emergency expense distributions
• New regulations on automatic enrollment

• Discuss the recent changes to the distribution rules for owners and beneficiaries of IRAs and employer plans
• Explain the impact of SECURE Act 2.0 on IRAs and employer plans, particularly those taking effect in 2025
• Explain how to execute transfers due to divorce for IRAs