Course description

SECURE Act, CARES Act, Extended Tax deadlines, and IRS Notices!   Learn if you complied with all the IRA Changes in 2020!Program Highlights:

-Two changes in the CARES Act—Waiver of RMDs and the $100,000 withdrawal

-Five Changes in the SECURE Act—Age for contributions extended, age for RMDs extended to 72 and more changes affect IRAs

-IRS notice on waiving RMDs and rolling them back in

-How to distribute up to $100,000 in IRA when  your customer is affected by COVID

-Impact of extended tax reporting for COVID and disasters

-Year-End Reporting 

-Letting customers know what is happening

-Preparing for the 2021 tax season with new inherited IRA rules

Securing a Strong Retirement Act of 2020 proposes changes

-Increase of the Savers Credit to flat 505

-Increase in age for RMD to 75

-Catch up contribution would be set to index

-Higher Catch up for the Simple

-Exemption from RMD if total balance under $100,000

-Increase in the charitable gift to $130,000

-Statute of limits for excise tax on excess contributions

- New life expectancy tables released by the IRS


What you will receive:

-600+ IRA Handbook

 

Instructor(s)

Deborah Crawford

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers

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