CPAR Taxes

CPAR - 2020/November, Seg. 4 - Qualified Retirement Plans, Trusts and Estates and More

The SECURE Act, enacted in late 2019 by Congress, provided for a number of changes to retirement plans and IRAs. In Notice 2020-68, the IRS has provided initial guidance on some of these changes in an FAQ format. The Notice also covered plan-related provisions found in the Bipartisan American Miners Act of 2019 (Miners Act) that was enacted at the same time as the SECURE Act. 2020 has had a lot of changes for qualified retirement plans and IRAs. We've had a slew of new rules from the SECURE Act take effect. We've gotten a waiver for RMDs and the extension of the rollover period for putting funds back. There are coronavirus distributions and coronavirus loans. Barbara Weltman, president of Big Ideas for Small Business gives us an update on the latest IRS changes starting with small employer automatic enrollment credit.

Learning Objectives:

  • Identify the latest IRS changes for small employer automatic enrollment credit;
  • Recognize the treatment of the 10% penalty for birth and adoption under the SECURE Act;
  • Understand the definition of eligible terminated S corporations (ETSCs) and ETSC distributions; and
  • Identify the changes for trusts and estates under the final regulations.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation


Speaker / Author:

Barbara Weltman, Big Ideas for Small Business

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1486-FM

Release Date : 12/01/2020
Expire Date : 01/16/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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