Tax preparers face many challenges today, In this on-demand webinar, we will explore many of the complexities involved with various retirement plans, including increasing use of codes, inconsistency of prepared forms, and other complications due to changes in law. In short, no one size fits all. However, all the complexity allows us to prove to our clients why they need our services--now more than ever.
By the end of this course, you will be able to:
- Define the difference between various retirement plan
- Identify when taxpayers must take distributions from the various retirement plans
- Calculate the required minimum distribution (RMD)
- Summarize how to calculate, report, correct and request a waiver for the penalty when an RMD is not taken
- Explain the various distribution rules for inherited retirement plans
