The SECURE Act Proposed Regulations FLEXCAST

Overview

When the SECURE Act passed in December of 2019, we had a lot of questions about how certain rules were to be applied and what certain definitions meant. Two years later, on February 24th, we received some of our answers when the IRS issued 275 pages of proposed regulations. These regulations are not final, and they can be subject to changes. In this class from Lawrence Pon, CPA/PFS, he will take you through an overview of these proposals and what guidance they provide.

Highlights

10 Year Rule. Eligible Designated Beneficiaries. Surviving Spouse. Non-Designated Beneficiaries. See-Through Trust.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

10 Year Rule overview. Types of beneficiaries. 10 Year Rule- proposed regulations and examples. Eligible designated beneficiaries. Surviving spouse. Designated beneficiary and naming a spouse as beneficiary. Non-designated beneficiaries. “See-Through” Trusts, trusts as beneficiaries, conduit trusts, accumulation trusts. Multiple beneficiaries. 50% Penalty relief.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.