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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Inherited IRAs: What the Practitioner Must Know

Inherited IRAs: What the Practitioner Must Know

Retirement Assets

Retirement assets often represent a substantial portion of a taxpayer’s wealth. The retirement assets may be accumulated in a 401(k) plan, 403(b) arrangement, in another kind of qualified plan, or in an IRA. Regardless of the retirement arrangement involved, the tax consequences of making the right move at the right time can be financially beneficial – or, conversely, financially hazardous – for the taxpayer and the taxpayer’s family.

This program will help you avoid common errors when dealing with retirement assets during your client’s lifetime and after your client’s death. Tax planning with retirement assets including integrating retirement assets in an estate plan will be discussed.

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Who Should Attend?

The program is designed for CPAs, attorneys, or financial planners who have clients with substantial retirement assets

Do you have the knowledge to answer these questions? If not, this event is right for you.

  • Are inherited IRAs protected from creditors of the beneficiary of an inherited IRA under New York State law based on a recent court case of first impression?
  • Is there a statute of limitations on IRS penalties involving IRA issues?
  • What is the separate account rule that applies when an IRA owner dies and has multiple nonspouse beneficiaries?


Prerequisites: Basic knowledge of tax planning with retirement assets


  • Common Errors in Retirement Distribution Planning
  • How to handle a Non Compliant client who has violated the required minimum distribution rules
  • Statute of Limitations on IRA penalty issues
  • How to use Form 5329 to request a waiver of the required minimum distribution 50% penalty tax
  • Personal liability of fiduciary who knows about the penalty
  • Why many beneficiary forms are defective
  • How the Inherited IRA rules work
  • Overview of the Spousal IRA rules
  • Application of One-Per-Year Limit on IRA Rollovers, with examples
  • Inherited IRAs after the 2014 U.S. Supreme Court decision in Clark v. Rameker
  • Recent court case of first impression holding that inherited IRAs are not protected against creditors under New York State law
  • Use of IRA trusts after the Tax Cuts and Jobs Act

Course Leader:



NY City Bar Association
42 West 44th Street
New York, New York 10036

Fees: $179 $159 if registered by Monday, November 18, 2018!

CPE Credits

This program qualifies for up to 4 CPE credits in Taxation.

CLE Credits

CLE credit for 4 hours in Professional Practice, nontransitional. The CLE course provider is IRG Publications. You will receive an electronic copy of the presentation in advance of the program, which is your reference material. Certificate of Attendance from IRG Publications, the CLE course provider, will be sent to attorney attendees electronically within 20 days after the program, using the New York CLE Certificate of Attendance. If an attendee is attending from a state other than New York, it will be the responsibility of the attendee to verify with their local State Bar Association regarding the acceptance and amount of individual courses for CLE credit.

We have a Financial Hardship Policy for attorneys. Please contact 516-222-0422 for details.

SmartPros®, A Kaplan Company, and Loscalzo Institute, A Kaplan Company, are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.