new: practitioner’s introductory guide to the new retirement distribution rules that you must know

preview

sy goldberg at his best: frank. outspoken. unfiltered. unreserved. unvarnished. unedited.

webcast: 2 hours. study guide: 47 pages. the instant-download pdf study guide includes instructions and links to the video webcast. sorry, no cpe. download to up to five devices within 90 days of purchase. (limitations and terms apply.)

卡塔尔世界杯常规比赛时间 research is pleased to present this 112-minute program covering the new required beginning date for starting distributions from retirement accounts.

plus: what rules apply if…

• you pass away before your required beginning date
• you pass away on or after your required beginning date
• your beneficiary is a designated beneficiary
• your beneficiary is an eligible designated beneficiary
• you have no designated beneficiary or eligible designated beneficiary of your retirement account
• you have multiple adult designated beneficiaries of your ira account

whether you are a general practitioner, tax or retirement specialist, you must know these rules. failure to do so may result in substantial irs sanctions of 25 percent of the amount involved in the error, including pyramiding penalties for your clients.

contents

1. changes to the required beginning date rules
2. what rules apply if you pass away prior to your required beginning date, having your estate as the beneficiary of your ira account
3. what rules apply if you pass away on or after january 1, 2020, and prior to your required beginning date having a designated beneficiary of your ira account
4. application of the rules that apply if the ira owner dies on or after january 1, 2020, and prior to his/her required beginning date, having a mere ira designated beneficiary as the beneficiary of his/her required beginning date
5. what rules apply if you pass away on or after january 1, 2020, on or after your required beginning date, having a mere designated beneficiary as the beneficiary of your ira account
6. what rules apply if you pass away on or after january 1, 2020, on or after your required beginning date, having your estate or a nonqualifying trust as the beneficiary of your ira account
7. rules that apply when an ira owner has a child beneficiary that has not attained the age of majority (the child’s 21^st birthday) at the time of the ira owner’s death
8. what rules apply if you have multiple adult healthy designated beneficiaries of your ira account
9. surviving spouse eligible designated beneficiary rules (complex, but you must know the rules)
10. comments to irs letter ruling 200644022 dated august 22, 2006
11. comment letter to treasury department dated september 25, 2024, involving significant issues

appendix

• updated life expectancy distribution period tables used for purposes of determining
• minimum required distributions
• table ii

about the author

seymour goldberg, cpa, mba, jd, is a senior partner in the goldberg & goldberg, p.c., melville, new york law firm. professor emeritus of law and taxation at long island university. former director of the tax institute of the c.w. post campus of long island university. in that capacity, he worked with the irs to conduct many tax programs for professionals. recipient of the american jurisprudence award in federal estate and gift taxation from st. john’s university school of law.

cle instructor for many professional organizations, including the new york county lawyers association, new york state bar association, american bar association, njicle, city bar center for cle, local bar associations and law schools. mr. goldberg is admitted to practice law in new york state.

authored 4 manuals for the american bar association on iras and trusts and other organizations such as the aicpa on the ira distribution rules. his first guide, entitled “a professional’s guide to ira distribution rules,” was published by the foundation for accounting education for the years 1993-1998. he has been interviewed on many technical ira issues for ed slott’s ira advisor.

mr. goldberg handles probate matters, tax disputes with the irs (civil and criminal) and the irs appeals office, ira penalty waivers and new york state department of taxation tax disputes and participated in significant estate disputes. represents clients in irs ruling requests (over 75). wrote an amicus brief in the 2014 inherited ira supreme court case, clark v. rameker.

his manuals for the american bar association can be found in well over 100 law school libraries throughout the united states, including the new york state appellate division, fourth department, law library, rochester, new york. he is a member of the relations with the irs committee of the new york state society of certified public accountants and chair of a subcommittee on communication & coordination with the irs. he was formerly associated with the internal revenue service.

mr. goldberg has conducted continuing education programs on the retirement distribution rules with the irs. he has recommended corrections to irs publication 590, working pro bono with the irs and then congressman steve israel. this resulted in irs revisions and the adoption of irs publication 590-a and 590-b. he has written many comment letters to the treasury and irs on technical issues, including systemic issues of first impression.

he received outstanding discussion leader awards from the aicpa and the foundation for accounting education. he has conducted over 300 cpe programs in taxation, including over 100 cpe programs involving iras and ira compliance issues and cle and cpe programs involving the uniform principal and income act in multiple jurisdictions.

mr. goldberg has been quoted in the new york times, forbes, fortune, money magazine, u.s. news & world report, business week and the wall street journal. he has also been interviewed by cnn, cnbc, and wcbs.

mr. goldberg can be reached at 516-222-0422 or by email at info.goldbergira@gmail.com. you may also visit his website at trustestateprobate.com.