CPAR Taxes  |  Format: Flash

Why Is the IRS Looking Into Your Life Expectancy?

Course Overview
In November 2019, the U.S. Treasury Department and IRS released, for publication in the Federal Register, proposed regulations (REG-132210-18) to update the life expectancy and distribution period tables that are used to calculate Required Minimum Distributions (RMDs) from qualified retirement plans, individual retirement accounts (IRAs) and annuities, as well as other tax-favored employer-provided retirement arrangements. Barbara Weltman, president of Big Ideas for Small Business, Inc. goes through the upcoming changes on RMDs as well as the major changes in the SECURE Act of 2019.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Identify who is affected by the proposed regulations REG-132210-18 recently released by the U.S. Treasury and the IRS;
  • Recognize the key issues relating to syndicated conservation easement transactions;
  • Identify what activities may affect the home office deduction; and
  • Recognize accounting method changes and how small businesses can meet the gross receipts test.

    Catalog Number: CPAR1435-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation.
    Course Level: Update
    Field of Study: Taxes
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Release/Expiration Dates: Jan 29, 2020 / Mar 12, 2021